San Francisco Chronicle

A STRAIGHTFO­RWARD INCOME? INVEST IN HIGHWAYS.

DISCOVER WHY NOW MAY BE A GOOD TIME FOR MUNICIPAL BONDS.

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In today’s particular­ly unstable economy, aiming for secure sources of income is more relevant than ever. Tax-free municipal bonds (often issued to fund major infrastruc­ture projects) offer two significan­t benefits. They can provide historical­ly low risk, and income from bonds is federally tax free.

POTENTIAL SAFETY OF PRINCIPAL

With municipal bonds, investors are paid back the full face value of their investment at maturity (or earlier, if called) unless the bond defaults. This historical­ly low risk is essential for many investors, particular­ly those in, or close to, retirement. In April of 2022, Moody’s Investor’s Service found that rated investment-grade municipal bonds had an average cumulative 10-year default rate of just 0.09% between 1970 and 2021. Therefore, they can be an important part of your portfolio.

POTENTIAL TAX-FREE INCOME

Income from municipal bonds is not subject to federal income tax and, depending on where you live, may also be exempt from state and local taxes. Tax-free income can be a big attraction for many investors.

ABOUT HENNION & WALSH

Since 1990, Hennion & Walsh has specialize­d in investment-grade, tax-free municipal bonds. The company supervises over $3 billion inassets in over 16,000 accounts, providing individual investors with discipline, personal service and integrity.

OUR FREE GIFT TO YOU

In case you want to know more about the benefits of tax-free municipal bonds, we now have an offer for you. Our specialist­s have created a helpful Bond Guide for investors. It’s free and comes with no obligation whatsoever.

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