Lux Investing
To get income w/ ur $,is it best 2put $ in tax free bonds at4.5%,or do something else,like invest in Utilities
Whats the best way to get more income bc the first is tax free, but investing u get more. Is there a y other option. Whats the best place tro invest ur money so u can get income back for RETIERMENT?
Public Comments
- If all you're interested in is income, then a tax free muni bond is a good choice. But, while you do get safety, you lose the upside opportunity. Today, for example, the Dow Jones Industrial Average went up 2.5% ..in ONE DAY ! While that is clearly atypical, on average the stock market returns about 8-10% annually. So you might consider investing in high-quality, blue chip stocks until you get within 5 years of retirement, and then you can begin moving money from stocks to bonds. Good luck ED PS. My comment above is only a suggestion and should not be considered financial advice. See your financial advisor or tax planner for financial advice and retirement planning.
- I only found one municipal offering that could pay 4.00 percent "Tax Free". Most pay less. If you are interested in placing your money in a retirement account and leaving it there except for additional investments, then investigate a ROTH IRA which is also tax free on the return. Then you can invest in mutual funds and still be well diversified. When will you retire? Next year? 5 Years or more? IF 5 years or more, then a ROTH IRA may make sense for you.
