Your Income Needs in Retirement

Many conservative investors are best suited to low volatility, income focused portfolios.  While these may seem easier to design, they are really much more difficult. Logic would first suggest that we design these portfolios with CD’s and bond mutual funds.  This works fine, but the investment returns are often not sufficient to meet the needs of the investor. 

Bonds investments have a wide range of market risks: company risk, event risk, country risk, interest-rate fluctuations, and US dollar and commodity swings all can have an adverse impact on one's total asset allocation overnight. Our fixed income strategies are designed to give our clients more stability when markets become turbulent. We customize each portfolio to match our clients' goals and expectations with quality fixed income.  Essentially, we construct a "sleep-well-at-night" portfolio tailored to each client's needs.

Our tax-exempt fixed income strategies begin with an analysis of each client's tax rate and then are monitored on a continual basis. We also employ a crossover strategy that actively measures the tax-adjusted yield value of municipals versus comparable US Treasuries and other taxable instruments. We will invest in taxable issues when they offer superior returns over municipals. We customize each portfolio to match our clients goals and expectations with quality fixed income. High quality fixed income gives our clients liquidity, stable income, and principal protection.

For conservative income oriented investors we recommend that they diversify their income sources so as to avoid undue risk in their portfolio.  In particular we recommend that investors avoid being overly concentrated in single state municipal bonds.  We frequently design income portfolios composed of:

• Municipal Bonds
• Corporate Bonds
• Foreign high quality bonds
• Inflation indexed bonds
• Energy & Pipeline MLP’s
• High dividend stocks

Please call us to discuss your needs for income focused portfolios managed by Noyes Capital Management, LLC.