No. of Recommendations: 0
Hi guys,

Here's a personal example(63 and retired here, so Muni-bonds, and Muni-CEF's are important to me!!):

Nuveen's nat'l Muni-CEF (NXZ) currently paying 0.876/yr. @ $15.7; =5.8%.

about 10% is subj. to AMT, and is state taxable(5%AZ) which yields 5.16% after taxes (assuming you ARE subj. to AMT).

this equates to 6.45% were it qualified divs., and 7.5% is ordinary income.

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