I was putting money into SPY for a while before I discovered SPYM, and now I’m considering transferring what I have and regularly contributing again but with SPYM. I was looking at long term gains tax rates for if I were to “withdraw” all my SPY, but I’m a little confused and wondering if it’s even worth it, or to just leave what I have in SPY to continue growing and just start contributing actively to SPYM going forward.
I haven’t contributed to or taken anything out of my SPY in over a year, and the only contributions to it have been dividends that get automatically reinvested.
My total gains for SPY are under the $49,450 taxable threshold, although I understand that this takes total income into account?
I intend to buy and hold long-term and I don’t do any kind of day-trading.
Thank you in advance for the suggestions and advice!