CDs are hanging around 4-5% but limited in duration (5 years max of late). As such, the short-term rungs on my diversified FI ladder are full.
What are your thoughts on buying Taxable Munis in a Traditional IRA to get 5%, but for much longer duration (5-15 years)?
Downsides: No FDIC insurance and duration adds risk of default. Opportunity cost.
Also, this Traditional IRA will get converted to Roth next year.
Thanks for any thoughts you may have.
What are your thoughts on buying Taxable Munis in a Traditional IRA to get 5%, but for much longer duration (5-15 years)?
Downsides: No FDIC insurance and duration adds risk of default. Opportunity cost.
Also, this Traditional IRA will get converted to Roth next year.
Thanks for any thoughts you may have.