This “Billionaire’s Favorite” (Legally) Snubs the IRS and Yields 5.1%

If you’re like many folks, you might be looking at your stock gains this year and dreading the tax bill headed your way in 2020. That makes now a great time to consider the only (tax-) free lunch in investing: municipal bonds. I’ll name one play on these retirement-changing investments in a moment. This unusual fund yields an outsized 5.1% today and sets us up for a “steady as she goes” triple-digit gain, too. First, let’s talk a little more about the tax side of “muni” bonds: these investments pay a 100% tax-free dividend (so their “real” yields could be much higher for you, depending on your tax bracket).… Read more