RSPA’s 8.9% Yield Hides a Tax Problem Most Income Investors Never See Coming

An ELN (equity-linked note) is a debt instrument whose return is tied to the performance of an underlying equity or index. In RSPA's case, these notes deliver option premium income in exchange for capping the fund's participation in market upside beyond a certain level. The income is real. The constraint is equally real.Have You read The New Report Shaking Up Retirement Plans ? Americans are answering three questions and many are realizing they can retire earlier than expected.Most covered-call ETFs sell ca ...