Municipal bond

Investing in a city or state can be overwhelming unless an expert is involved. Vanguard municipal bond fund can make the process easier in deciding where to buy from. There is some general knowledge about bond funds that will make the decision easier.

Municipal bonds are IOU’s by governments to help pay for projects for John and Jane Doe. There are three types of municipal bonds. General obligation bonds are supported by the issuer’s taxing entity, and payments are promised by that entity. Revenue bonds are bonds that are paid by a specific route of revenue, for example, tolls, … Read more at 2011 Taxes.