UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Re: low risk, low income Date: 11/3/1999 11:36 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Municipal bonds are out there that are tax free. All are free of federal taxes. Some are double tax free--meaning they are also free of state taxes--usually in the state they are issued in. There are also triple tax free bonds that are free of local taxes in addition in some areas like New York City.

I am not sure about Illinois, but I suspect you will be able to find both municipal bonds and bond funds that are free of both state and federal income taxes. Occasionally some bond funds will generate some capital gains income in addition that may be taxable, but the amounts are usually small.

You can get yield information on these bonds from the links in message 40 on the Bond board. You will also find additional information on municipal bonds from the bond education links there.

Best of luck to you.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Berkshire Hathaway

Starting a Small Business
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement