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Reply to "And that’s the $5M point "
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[quote=Anonymous][quote=Anonymous]So if you have 3.5-4M in savings (not including your house), where should you put this money so it generates safely 100-150k$/yr? Can that come to you tax free? We are age 55 with this amount. TIA! [/quote] There might be others, but municipal bonds are Federal tax free. Generally, if you buy municipal bonds in our own state those are tax free. Then you have tax free income. However, they aren't paying that much currently, regardless of the state. You'd have to put all your money into municipal bonds in order to make that kind of income. Note: while municipal bonds can be tax free, they do affect your IRMAA bracket, which affects how much you pay for Medicare Part B. [/quote]
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