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Do Municipal Bonds make sense at this time of the Game

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foodeefish
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Do Municipal Bonds make sense at this time of the Game  Reply with quote  

Thanks to people on this forum, I have House Paid for, No Debt, $350K in 401K plans, $380K in stock Market, and wondering what to do with $200K in Savings and CDs maturing.
Ages - 53 and wife is 60 years of age

Both still working and grossing $170K each year- Can't do a Roth IRA, Taxes are around the 30% mark each year.

Should I invest in a few Municipal Bonds to reduce the taxman's cut, Build CD ladders??????????????
The less than 1.5% in checking and savings is ridiculous and I want to get the biggest bang for my fluid savings

Thnx
Post Thu Dec 11, 2014 9:04 pm
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oldguy
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quote:
Should I invest in a few Municipal Bonds to reduce the taxman's cut


That might work for you for to offset the income in your highest tax rate. Before I retired I used muni's - as I recall, they 'crossed over' at about a 20% tax rate. Now, as a retiree, taxable bonds give me a higher net. Eg, a 5% 'taxable' nets more for me that a 4% muni. But in your case, a 4% muni nets more than a 5% 'taxable'
Post Fri Dec 12, 2014 12:29 am
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Carmen W
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Post Sat May 18, 2019 5:01 pm
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