Turning fixed income into flexible financial freedom.
James and Patricia O'Brien, with $3.5 million in retirement assets, dreamed of extensive travel during their early retirement. However, they faced a significant challenge: covering potentially high healthcare costs for two years before becoming eligible for Medicare. They estimated needing approximately $150,000 per year, a total of $300,000, to comfortably cover premiums, potential out-of-pocket expenses, and unforeseen medical needs, causing considerable anxiety about depleting their principal.
Golden Door Asset utilized the Coupon Rate Calculator to identify a diversified portfolio of high-quality corporate and municipal bonds with staggered maturity dates. By carefully selecting bonds with varying coupon rates and maturity dates, we constructed a portfolio that generated roughly $150,000 in annual income. This income stream covers their anticipated healthcare expenses without needing to tap into their core retirement savings. We also used the Tax Equivalent Yield Calculator to prioritize tax-advantaged municipal bonds, further maximizing their net income.
The Coupon Rate Calculator aided in quickly assessing the income potential of various bond options. The Tax Equivalent Yield Calculator helped optimize the portfolio's after-tax returns, considering the O'Briens' tax bracket. The portfolio's performance is continuously monitored and adjusted to adapt to changing market conditions and the O'Briens' evolving needs.
$60,000 saved in potential taxes over two years, directly funding healthcare gap and protecting their core retirement nest egg.
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