Municipal Bond Forum
Long ladder makes sense
Q
I’m a 58-year-old muni banker and love your stuff. One question: I thought long laddering in munis made pretty good sense if I am trying to build my own annuity for retirement, yes?
A
James A. Klotz responds:
We think your approach makes a great deal of sense.
We have no quarrel with your long term ladder because it does not sacrifice a significant amount of income, as does the five- or 10-year ladders displayed on many online brokers’ Web sites.
Start here.
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