REAL LIFE CLIENT STORY
Seeking Tax-Free Retirement Income
Like our clients in the St. George area, Bob and Patti Morse also wanted to preserve and protect all that they worked to accumulate.
“More alarming was that a full two-percent move in interest rates could cost us almost a third of our bond portfolio.” Bob Morse
For 15 years, the Morse’s financial planner in Portland, Oregon did a fairly good job of recommending and managing a conservative retirement portfolio. However, as retirement loomed, Bob and his wife, Patti, began asking more questions: How do you set up a cash stream for retirement? What about taxes? How will all this affect their estate? Is it possible to avoid paying taxes on Social Security?
Avoided Bond Loss
“Brock calculated that a move upward of just two-tenths of one percent in our large treasuries portfolio (.02%) would immediately cost us twice as much as the tax consequence for locking in gains now. More alarming was that a full two-percent move in interest rates could cost us almost a third of our bond portfolio.”
On the Way to Tax-free Retirement
The Morses not only have locked in bond gains, they’ve started on the road to tax-free retirement income using the 7-Year Asset Transfer strategy. “Our main goal was to protect what we had,” commented Patti. “We weren't looking for sexy in our retirement, just safety.”
The St. George office of Consultus works with retirees in Utah to help them establish non-taxable sources of retirement cash flow.
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