No. of Recommendations: 0
I have bought a lot of bonds. If you only have $400K, buy a Vanguard muni tax bond fund. Unless you are a big player, minimum of 100K per bond purchase, but more likely 200-250K, this day, the markup will exceed any savings from not paying the annual Vanguard fee. I believe admirald Intermediated tax free is charging 11 basis points a year.

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