I am in the 25% fed tax bracket and have $90k in savings account and looking to move $50k-$60k. I would not like to generate any interest or dividend income that would be taxed. I already invest in both Roth and 401k. I would also like to invest part of each paycheck in the same manner.
Are municipal bonds or municipal bond funds my only choice? I am in my mid 50's and have 30% of portfolio allocated to bonds, so not sure if I should increase allocation.
Would appreciate any feedback regarding best investment choices.
Thanks
Are municipal bonds or municipal bond funds my only choice? I am in my mid 50's and have 30% of portfolio allocated to bonds, so not sure if I should increase allocation.
Would appreciate any feedback regarding best investment choices.
Thanks