Techniques for configuring the layers included in the free portion of a spin-torque magnetoresistive device are presented that allow for characteristics of the free portion to be tuned to meet the needs of various applications. In one embodiment, high data retention is achieved by balancing the perpendicular magnetic anisotropy of the ferromagnetic layers in the free portion. In other embodiments, imbalanced ferromagnetic layers provide for lower switching current for the magnetoresistive device. In various embodiments, different coupling layers can be used to provide exchange coupling between the ferromagnetic layers in the free portion, including oscillatory coupling layers, ferromagnetic coupling layers using materials that can alloy with the neighboring ferromagnetic layers, and discontinuous layers of dielectric material such as MgO that result in limited coupling between the ferromagnetic layers and increases perpendicular magnetic anisotropy (PMA) at the interface with those layers.