May 18, 2013
Municipal bonds pay tax-free interest -- that's one of those constants on which conservative investors could always count, regardless of how tumultuous the financial markets became.
Even the latest fiscal-cliff tax deal left muni bonds and bond mutual funds pretty much alone. If anything, the legislation enhanced their appeal by excluding muni-bond interest from the new Medicare investment surtax that now applies to high-income individuals.
Read entire article on AZ Central