Municipal Bond Forum
Other types of muni bonds
Q
As a resident of New York state what other kinds of munis can I buy, i.e. national, territories? Also, what is a national muni?
A
James A. Klotz responds:
Bonds issued by U.S. Territories such as Puerto Rico, Guam and the U.S. Virgin Islands are exempt from all state taxes.
The term “national muni” usually refers to a municipal bond fund that invests in bonds issued throughout the country.
Keep in mind that any income received from this fund produced from states other than yours will be subject to New York state income tax.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.