New York - We know of no circumstance when a municipal bond should be maintained in a tax deferred account.
Tax deferred accounts such as an IRA account allow individuals to defer paying federal and some state income taxes on investments. Because a municipal bond is free from federal taxes in the first place, you should not keep them in a tax deferred account given the various restrictions that are usually associated with tax deferred accounts.
If appropriate for your overall investment strategy, municipal bond funds should be maintained in regular brokerage account.
If you're looking for help managing your bond investments, consider working with a FEE-ONLY financial adviser from the TheAdviser.com. Our network of FEE-ONLY advisers can offer unbiased advice, personalized guidance and help you make informed decisions about your bond investments. Ask us any question or obtain a free consultation at TheAdviser.com. Alternatively, visit 1800ADVISER.COM to browse biographies of individual FEE-ONLY advisers and choose one or more to connect with.
_________________
About Us
Founded in 1998, The Independent Adviser Corporation has assisted thousands of individuals, families, and businesses. We are 100% independent and objective and offer free private consultations. Our company publishes free investment research and educational materials, and when personalized financial or legal advice is needed, we connect clients with a network of FEE-ONLY professionals. For more information, become a member or to schedule a free consultation, please visit our website at TheAdviser.com or 1800ADVISER.COM
