Financial Planning News
Tue, 30 Apr 2013
Read the rest of this article on Financial Planning News
Morningstar's Miriam Sjoblom discusses how to gauge whether a muni fund is more apt than a taxable-bond fund, yield risks and other key focus points, and some of her muni - fund recommendations.
Although several U.S. municipalities have declared bankruptcy, muni bonds overall remain extraordinarily safe in terms of default risk, says Morningstar's Jeff Westergaard.
Although some opportunities are available today, muni investors should be sure they are getting compensated for the risks they are undertaking, says Fidelity's Mark Sommer.
Despite risks in the muni -bond market, defaults are isolated, and the diversification in muni CEF portfolios helps protect against credit problems.
©2012 Morningstar Advisor. All right reserved.