I'm considering investing in a muni-bond fund in a taxable
brokerage account @ Fidelity.
I researched Minnesota specific muni funds @ fidelity earlier tonight & came up with these 3.
Fidelity® Minnesota Municipal Income Fund FIMIX
Columbia Minnesota Tax-Exempt Fund Class A IMNTX
*Load: 3.00% (waived at Fidelity)*
Sit Minnesota Tax-Free Income Fund SMTFX
Is there a minimum amount of time you have to hold a muni-bond fund ?
The Fidelity fund is the only one of the 3 thats shows a Redemption Period & a Redemption Fee. (30 days & 0.50%)
*I understand that this is to keep 'active' traders away from the fund*
I'm asking about longer periods, 1 year 2 - 3 - 4 - 5 more ?
Do you have to reinvest the interest/dividends ?
I probably should have made this the number 1 question, as it's the main reason I'm considering a muni-fund
When I retire later this year, I'll be right 'on the bubble' as far income relating to being able to receive any subs under the affordable care act.
In addition to the income being federal & state tax free, is it also tax/income free for ACA income purposes ?
*Someone with the username (jim584672) answered this question in a different thread, but I wasn't 100% sure I understood it*
My fault, not his
Thanks in advance!