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Reply to "Muni fund (for specific state) in taxable account"
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[quote=Anonymous][quote=Anonymous]We have a lot of municipal bonds in a high income city and state. As I think you know, you have to get bonds in your income-taxed state for them to be worthwhile because then your 5% coupon has a higher yield due to no tax, whereas with funds (someone can speak to this) I'm not sure if those are tax free. Also, does your state have a tax free muni fund? Moreover, for 400K invested over 3 years, you'd have to have nearly a 36% annualized return to hit 1MM. I can't imagine that is even possible. [/quote] OP here. We are in NY currently, so I see there are NY specific muni funds. On that last point, that’s why we plan to hit $1M with additional investments. We basically save my husband’s entire earnings at this point. Returns on our account will be only a very small portion of what gets us to $1M. [/quote]
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