Municipal Bond Forum
Makes sense for California resident
Q
I am managing the portfolio of my mother’s estate and her investment manager has put a significant amount of her portfolio into mostly California municipal “AAA” or “AA” bonds with a range of 10- to 30-year maturities over the last year. Should I be worried that these bonds are going to deplete the estate’s assets should she pass away?
A
James A. Klotz responds:
Although we can’t opine on the individual securities without specific descriptions of the bonds in your mother’s account, the general outline of the portfolio sounds very similar to what we would recommend for a California resident.
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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.