Tax-Free Bonds: Why Now is the Time to Buy Munis

I’ve said it before and I’ll say it again. Buy tax-free bonds - now. Buy them through Vanguard if you are a mutual fund investor. (The average fund company charges expenses six times higher than Vanguard’s.) If you are a closed-end investor, try a tax-free fund like Nuveen Insured Municipal Opportunity Fund (NYSE: NIO ) trading at a 10% discount to its net asset value and yielding over 6% paid monthly. Or, to avoid annual expenses and have the certainty of a final value on a particular date, buy individual tax-free bonds. But, whatever you do, buy them - now. Read more ... …