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New accounting rules - muni bond investors
Old 05-10-2012, 03:02 AM   #1
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New accounting rules - muni bond investors

"The Sisyphean task of funding U.S. state and local-government retirement plans, a hidden risk for municipal-bond investors, will get even more daunting under proposed new accounting rules"

Governments Belatedly Put Pension Deficits on Their Books - Bloomberg

I stopped buying munis a few months ago.

Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 05-10-2012, 04:24 AM   #2
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These are not proposed rules, they are new regulations in the implementation phase, and they govern how state and local governments must account for retirement liabilities and funding. I have large holdings in munis and added earlier in the year.
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