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Unless you're in the top tax bracket, you don't need municipal bonds.
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Apr 16, 2014 03:13
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Cultural Imperial posted:What's the logic behind reducing my exposure to municipal bonds? Is it too conservative or just a lousy investment? You will find that, as if by magic, municipal bonds yield almost exactly what a comparable taxable bond would yield minus the top marginal tax rate. So if you don't pay the top marginal tax rate you're better off with taxable bonds.
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Apr 16, 2014 07:07
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