SGOV
iShares 0-3 Month Treasury Bond ETF
stock NYSE ETF

Yeah I agree. The issue is going to get dicier when they start punishing savers again. And that is coming soon, certainly by year end. Once the MMF or SGOV or any other HYSA that are basing rates on 1-3 month T bills go below 3% (in effect paying negative interest) then we will be scrambling for yield. At 4-4.5% we are already earning negative interest against the real inflation rate. But at least being above CPI it’s tolerable. Once it goes below again, it’ll just blow the bubble bigger. If it hasn’t already popped.

SGOV has two payment in December and skips January which throw that YTD calculation off a month.

No, if you need it that soon then put it into a MMA, Bond or T-Bills, SGOV etc.

The disallowed losses must be so insignificant on SGOV. Even wash sales are rather irrelevant. Since broker 1099 reports all that stuff it is nothing for you to concern yourself about. I get the first time you see a message, but it is really no biggie. Google and chat GPT are your friend :)

Open a separate account and put the funds in a money market, SGOV or VBIL.

What are you on about? There shouldn’t be significant money in SGOV. The reinvestment is just for set and forget purposes.
If you’re spending this much thought on SGOV, you should hire a pro to do real investing for you. You’re paralysis by analysis must be off the charts.
Short term cash, emergency fund whatever SGOV, set to reinvest dividend, sell when you need to pay something. Don’t overthink. Best of luck

Short term money in SGOV, long term money in the market. You have to decide what portion is what. Is this short term money? Is it long term as in decades from now money? Is it a combo? The market next year could lose 20-30% value, would you be ok with that? Decide how much you can risk for the next 2-3 decades and put that in ETF’s, keep the rest in SGOV!

Consider not automatically reinvesting the dividends. The NAV is a little weird on SGOV and USFR and such. The average price is basically constant, but it fluctuates up and down due to the current value of the expected dividend. Depending on when you buy the original shares, sometimes your cost basis will be positive, other times negative.
Anyways, if you need to sell the fund mid month, sometimes you can have a very slight loss. If you automatically reinvest dividends the next month it'll trigger a wash sale rule violation. This isn't the end of the world, but it'll cost you another five minutes on your taxes and a momentary freak out when you see the warning banner pop up on your account.
This can be avoided by only selling shares with that have a positive cost basis, but I prefer to just manually place buy orders when I'm confident I won't need the cash in the near future.

If you need to use any of the $180k in the next 10 years, keep that portion in SGOV.
For everything you plan on investing for the next 10+ years, I would choose a combination of US and international ETFs.
If you don’t plan to use the income right now and will reinvest it, I like FDVV for US and VYMI for international.
If you need to generate income right now for spending, then SPYI, IWMI, and IDVO.

Well I mean I don't necessarily need it right now or within the next year or anything, I guess I was sorta holding onto it in SGOV for two reasons... A guaranteed extra $500-600/month, practically risk free, that I could invest in other stuff or save with. Second, as I said before, it's so hard to save 180k on your own so the fact that i have it now makes me scared to lose it lol

SGOV, LEU, SILJ, w/ small Hail Mary positions in INTC & RUM.

The statistics say lump sum… but emotionally sitting at an ATH I’d personally split it up into 3 or 4 chunks and buy in every quarter or so, leave the remainder in a HYSA or similar (like SGOV?) until then 

SPYI is tax friendly so is UTG as monthly payers.. but honestly SGOV for your timeline is probably best

SGOV buys T-Bills which is like a lower cost MMF. Becauae it's short-term, the NAV price doesn't fluctuate like longer-term treasuries.
Basically, if you want a liquid investment where you can't lose money, you have your choice between HYSA or SGOV/VBIL/USFR. CDs and buying T-Bills directly are other zero volitility investments, but they're not liquid. Longer-term treasuries are either not liquid and the capital price can fluctuate based on interest rates (so you can lose money).

SGOV is more tax-efficient than SPAXX primarily because it is structured as an ETF, which allows it to use the “in-kind redemption” mechanism which is basically a process that lets the fund avoid realizing capital gains when adjusting its portfolio by transferring securities to authorized participants instead of selling them on the open market. This feature enables SGOV to minimize taxable distributions to shareholders. In contrast, SPAXX, as a traditional mutual fund, must sell securities to meet redemptions, which can generate taxable capital gains that are passed on to investors. The expense ration for SGOV is 0.07% versus SPAXX which is currently at 0.42%.

Why SGOV over longer-dated Treasuries or MMMFs? I’ve read your back-and-forth below but didn’t see a comparison.

Whenever you're unable or unwilling to make trades yourself (buying/selling). Otherwise it's nearly always best to do it manually. The exception is only when the dividends are just a by-product of the type of instrument you're investing it, but not necessarily it's primary purpose. Such as SGOV/SCHD. Yes both have decent distributions, but they exist for more than just the dividends 

Go to r/optionswheel and read u/Scottishtrader’s links for a start.
Then keep in mind that the wheel has five separate components, each of which needs individual study in order to be successful:
1. Stock picking
2. Covered calls
3. Cash Secured Puts
4. Exit Strategies for Covered Calls
5. Exit Strategies for Cash Secured Puts
Don’t bother reading any books on the wheel. They just tell you what the wheel is. Their coverage of stock picking is “a stock that you don’t mind owning” and also “a stock you don’t mind selling”. And for this reason they barely touch exit strategies, if at all. I can’t stress enough how important exit strategies are. Getting into the wheel, then going on Reddit and saying “my cc did this, what do I do?” Isn’t an exit strategy and just drives everyone crazy.
After the posts from Scottishtrader, you can read the following books from the Blue Collar investor series (Allen Ellman):
Complete Encyclopedia of Covered Call Writing
Selling Cash Secured Puts
Covered Call Exit Strategies
Covered Call Writing Alternative Strategies
He has a few more books that you can get into later. They all touch on stock picking, and get you ready for the next book which he’s aligned with:
How to Make Money in Stocks by William J O’Neill
The wheel and isn’t some end all be all. After you’ve studied these books (and continue from there), you should be able to look at a stock and decide for yourself if you want to sell it put and try to buy it lower, decide that it’s already a good price and get straight into a covered call, or see that it’s getting into an uptrend and just buy it, maybe selling a call once it’s gone up 10-15%. You want to get to a point where you have specific reasons for the trades. Income is an obvious one, but there are others. I might sell an at the money call on a stock that I have gains on and am ready to sell. Last year I added capital from a property sale and since I was tech heavy already I decided to build some solid dividend stocks into my portfolio. I had my list, but instead of buying them all at once I just bought the stocks that were within a few weeks of their ex date. For the rest, I sold puts on them that expired closer to their ex date two or three months down the road, took the premium and parked the cash in SGOV collecting a 4.4% monthly distribution until it was time to buy the stock.

How does SGOV work? Do I need to sell them when I need to withdraw? Does it trigger tax event or SGOV works like SPAXX?

Some are easy (set and forget HYSA, 529s, BSPIX, XOM dividends, SGOV)
Some I have through friends that are brokers for a flat fee no management.
VTI and a few select through a taxable brokerage account.
If you can do simple excel spreadsheets, you can manage money.
Real estate has been lucky honestly.
Read The Undoing Project by Michael Lewis.
There are very real psychological trends in the way group psychology shapes decision making and it's not that hard to play the trends and not get bogged down by traditional norms of behavior in value.