Municipal bonds are sold by cities, counties, states and other political bodies (public hospital, school district). The federal government and its agencies do not sell municipal bonds. However, most municipals are free of federal taxes. Because of this, the stated interest rate on municipals is typically lower than comparable non tax-exempt bonds. How much would you have to receive from a taxable bond to realize an equivalent yield? You can find the answer by entering the following information:       What is your federal income tax bracket? 10%15%25%28%33%35% What is the yield (in percentage points, 0 to 10 percent) on the municipal bond you are considering? %

Registered Representative offering securities and advisory services through Royal Alliance Associates, Inc., a registered broker-dealer an registered investment advisor, Member FINRA, SIPC.  Advisory services offered through NWF Advisory Services, Inc., a Registered Investment Advisor.  NWF Advisory Services, Inc. and Strategic Asset Management Group are not affiliated with Royal Alliance.

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