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I am 62 years old, and over the years I have accumulated considerable wealth [13mil.]. At present, I am 92% invested in about 30 different equities; however, I am considering switching my entire portfolio over to a laddered Muni one. I have read through this entire board and have not seen any mention of "Insured" Municipals. My question consists of two parts: 1). at my age, tax bracket, etc., and considering that I intend to re-invest at least 1/2 of the income produced into more muni's, does this plan seem prudent?; and, 2). aren't insured muni's preferable?
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