Navigating retirement with confidence and clarity.
James and Patricia, recently retired with $3.5 million, dreamt of extensive travel. However, Patricia, at 64, wouldn't be eligible for Medicare for another year, leaving them concerned about potentially exorbitant health insurance premiums and out-of-pocket expenses. They needed a reliable income stream to cover these costs and fund their travels without depleting their principal too quickly.
Using the Coupon Payment Calculator, their financial advisor helped them identify a portfolio of high-quality corporate bonds that generated $70,000 annually in coupon payments. This predictable income stream covered Patricia's $30,000 annual health insurance premium and provided an additional $40,000 for travel expenses. Further scenario planning with the Tax Equivalent Yield Calculator helped minimize the tax burden on the coupon income.
The Coupon Payment Calculator allowed for quick evaluation of various bond options based on par value, coupon rate, and maturity date. The Tax Equivalent Yield Calculator helped compare taxable bonds to tax-advantaged alternatives.
$70,000 annual income stream to cover healthcare and travel costs without touching principal.
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