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Should a municipal be in a tax deferred
account? By The-Adviser.com - |
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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. About Us |
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