Navigating fixed income with three kids.
With a combined income of $450,000 and $2.1 million already saved for retirement, the Johnsons are now focused on generating sufficient income to cover rising expenses, including potential private school tuition for their children, while continuing to grow their investments. They need to determine if the coupon payments from existing and potential bond investments are sufficient to meet their current income goals, especially considering alternative investment options.
Using the Coupon Payment Calculator, the Johnsons analyzed various bond options. They were able to quickly calculate the annual coupon payments for a hypothetical bond portfolio allocation of $500,000 across various corporate and municipal bonds. This revealed that by strategically selecting bonds with higher coupon rates, they could achieve their target income of $50,000 annually from coupon payments alone. The Tax Equivalent Yield Calculator further helped them understand the after-tax return of municipal bonds compared to taxable corporate bonds.
The calculator allowed the Johnsons' advisor to quickly demonstrate the impact of different coupon rates and bond amounts on their overall portfolio income. The inputs included face value, coupon rate, and payment frequency.
$15,000 increase in annual after-tax income through strategic bond selection and diversification, plus peace of mind knowing college savings are on track.
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