Covered call ETF's · Wealth Builders Community

Covered call ETF's

I know very little about investing. I inherited an actively managed account that provides a fair amount of dividends from covered call ETF's, but the account is fairly diversified with other types of stock (like Google, Apple, etc.), in my uneducated opinion. I've researched a lot about covered calls, and I don't think they are a good idea long-term, but I do depend on the income. I'm not sure what to do since I don't completely understand them and don't want to generate taxable income by selling them and paying capital gains. I also need the income. I feel like I'm in a catch-22.

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