Quick Read JMUB’s 3.5% tax-free yield equals 5.1% taxable for retirees in the 32% bracket. The fund outperformed passive municipal bond ETFs by over 200 basis points over five years. Retirees in the 12% bracket or lower gain minimal benefit from tax-exempt municipal bonds. Investors rethink ‘hands off’ investing and decide to start making real money When retirees face higher tax brackets from pension income, Social Security, and portfolio withdrawals, every percentage point of yield eaten by tax ...

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