Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Citi: Taxable munis are more attractive than corporates
Strategists at Citi Research found taxable municipal bonds more attractive than corporate bonds, according to Barron's. For example, the year-to-date total return for long-dated taxable munis known as Build America Bonds (BABs) was 13.8%, outpaces the returns of other classes of municipals. Taxable munis, with a year-to-date return of 9.7%, have also outperformed tax-exempt indices. -- Barron's
How to create a foolproof withdrawal plan for retirement assets
Knowing the difference between tax-advantaged and taxable accounts can go a long way in making the most of retirement assets, according to U.S. News & World Report. Withdrawing funds from these accounts without careful planning could lead to a bigger tax liability on retirement income. -- U.S. News and World Report
How a Roth IRA conversion can save your savings
Clients may be better off converting their traditional IRA now to play later, according to The Street. RMDs from these accounts are mandatory when people reach 70 1/2. To minimize the tax bill on RMDs, clients should consider transferring a portion of their traditional IRA or 401(k) assets to a Roth account, which offers tax-exempt withdrawals in retirement.
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