Financial & Legal Disclaimer

1. No Investment, Legal, or Tax Advice

The mathematical outputs generated by our calculators—including projected portfolio values, estimated annual dividend cash flows, future yields on cost, and compounding schedules—do not constitute professional investment advice, recommendations, endorsements, or solicitations to buy or sell any security, exchange-traded fund (ETF), mutual fund, or derivative instrument.

Personal finance and investing carry inherent risks. You should always consult with a licensed, certified financial planner (CFP), registered investment advisor (RIA), or certified public accountant (CPA) before making material financial decisions.

2. Mathematical Modeling & Assumption Limitations

Our simulation models rely on simplified mathematical assumptions that may differ materially from actual real-world market conditions:

• Static Rates of Return: Simulations assume constant annual price growth and constant dividend growth over multi-decade periods. In real financial markets, returns are volatile, cyclical, and non-linear.
• Dividend Reinvestment Pricing: Dividend Reinvestment Plans (DRIP) are modeled using continuous compounding approximations or period-end projected prices. Real-world brokerage executions occur on exact settlement dates at prevailing intraday auction prices.
• Taxes and Frictional Costs: Unless specifically modeled, standard calculator outputs show gross figures before the impact of federal, state, or foreign withholding taxes, inflation, brokerage commissions, bid-ask spreads, and transaction slippage.

3. Specific Derivative & Covered-Call ETF Disclosures (JEPI, JEPQ)

Calculators modeling option-income strategies—such as the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)—involve unique structural factors:

• Distribution Volatility: Cash payouts from covered-call ETFs depend heavily on market volatility (VIX and VXN indices). Distributions fluctuate dynamically every month and have historically experienced negative annual growth during low-volatility periods.
• Capped Capital Appreciation: Covered-call strategies surrender the majority of rapid equity market upside in exchange for immediate option premia. Investors cannot expect full market beta during sharp bull runs.
• Downside Participation: Covered-call ETFs participate in equity market drawdowns and provide only modest capital protection.

4. Historical Performance Notice

Past performance, historical compound annual growth rates (CAGR), and past dividend distribution yields are not indicative or predictive of future results. No mathematical model or algorithmic tool can guarantee future investment success or capital preservation.

5. Third-Party Data & Fund Providers

Fund baseline information (such as share prices, dividend yields, expense ratios, and inception dates for SCHD, JEPI, JEPQ, VOO, and VYM) is sourced from public SEC filings, fund prospectuses, and official provider documentation (Charles Schwab, Vanguard, and J.P. Morgan). While we strive for absolute accuracy, HandyTallies makes no warranties or representations regarding the completeness, timeliness, or accuracy of third-party financial data. Users should verify live data directly with their fund managers or brokerages.

6. Advertising & Third-Party Links Disclosure

HandyTallies displays advertisements served by third-party advertising networks, including Google AdSense. We do not endorse, guarantee, or assume responsibility for any products, services, claims, or financial offerings advertised through third-party ad units. Links to external sites are provided solely for user convenience.

7. Limitation of Liability

To the maximum extent permitted by applicable law, HandyTallies, its operators, contributors, and technical team shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from the use of, or inability to use, our website, calculators, simulations, charts, or content.