Friday, April 8, 2011

Muni Tax Break Under Siege

Muni Tax Break Under Siege

We have never been a big fan of retirees putting all their money into municipal bonds and living off the interest but the fact remains that this is how many retirees fund their lifestyle in retirement. If this law was to pass it would mean a fundamental shift in how people plan in retirement. Such a shift is already taking place as the Fed has kept interest rates so low for so long impacting other traditional retirement income vehicles like CDs and bonds.

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