Why - Buy Municipal Bonds

For an investor in the top tax bracket (37% + 3.8% NIIT = 40.8% total federal rate), a is equivalent to a 6.1% taxable yield .

: Using muni ETFs or separately managed accounts (SMAs) to navigate sector-specific opportunities and risks.

: Interest income is generally exempt from federal income taxes.

: High starting yields provide a "buffer" against potential interest rate volatility.