Muni Bonds — Buy

: Best for long-term, high-net-worth investors ($100,000+ portfolio). They can be bought via brokerage firms like Fidelity or specialized dealers such as FMSbonds .

: Targets higher returns (approx. 4.5% 30-day SEC yield) with slightly more risk. Tax Strategy & Risks

: If market interest rates rise, the value of your existing bonds will fall. buy muni bonds

: AAA-rated 10-year muni yields are roughly 2.90% to 3.15% . For top-bracket investors, this can equate to a tax-equivalent yield over 5% .

: The easiest way for most to get diversified exposure with low minimums (often under $100). For top-bracket investors, this can equate to a

: If you buy bonds from your own state, the interest is often exempt from both federal and state taxes.

Municipal bonds, or "munis," are debt securities issued by state and local governments to fund public projects like schools and infrastructure. In April 2026, they remain a top choice for investors in high tax brackets because their interest is generally exempt from federal income tax. For top-bracket investors

: Buy "new issues" directly from the government at the same price as institutions.