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Municipal bonds, loans to your local government are free of taxes (both state and fed). I have excess cash that would normally be in certificate of deposit in m
by brianobush 14y ago
Municipal bonds, loans to your local government are free of taxes (both state and fed). I have excess cash that would normally be in certificate of deposit in muni bonds currently making 3% tax free. There are risks, best to consult with a money manager if you are uncertain on how to gauge the associated risks.
- nandemo 14y agoIndeed, municipal bonds are much riskier than good ol' Treasuries. http://www.nytimes.com/2012/08/16/business/municipal-bonds-default-more-than-advertised.html http://www.nytimes.com/2012/08/16/business/municipal-bonds-d...
- brianobush 14y agoThe key is diversity; I use municipal bond funds and have had great success and much more income than from treasuries.