No. of Recommendations: 5
Something is not right here.

Your 403b is tax deferred. There is absolutely no reason to use a tax deferred vehicle to purchase tax free munis.

Did they really recommend 90% of your 403b be placed in munis? If so, I would ask to speak to that person's boss, and their boss too.

No computer software program should recommend:

1. Such a high percentage of a single asset class.

2. Buying munis in a retirement account.
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.