How To Buy Tax-Free Municipal Bonds On Schwab (Step-By-Step)
ฝัง
- เผยแพร่เมื่อ 28 ส.ค. 2024
- Rates are up on municipal bonds! 7.16% was what the latest long-dated new issue bonds from the Triborough Bridge & Tunnel Authority went out at last month (the earliest call date is in about 10 years). Watch on as I walk you through how to buy municipal bonds on Schwab (step-by-step) in today's municipal bond investing video!
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SOURCES
www.schwab.com...
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📢 We've launched! Get 15% off our brand-new bond courses thru 11:59PM ET on 4/30/2024 for Financial Literacy Month - enter coupon code bondfans2024 at checkout - see links below for more details!
⭐ Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners
⭐ Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters
⭐ Or get both & save $100: www.diamondnestegg.com/home#_paa2isucf
⭐ Join our super-supersaver membership for regular market updates & monthly live member Q&As 👉 th-cam.com/channels/nexoc6tvesvcCEzZhmI-Ag.htmljoin
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Instead of a super saver monthly subscription, would you ever consider a more basic online class. I appreciate your content and presentation, but 60% of it is still over my head.
So, so helpful, even if one is not interested in diving into municipal bonds. These videos are like "seeds of knowledge," and you never know when you might become serious about investing in TIPs, T-bills, or munis a few months later. Thank you!
A truly treasured resource of information and education. Well done yet again. Consistently top class! Thank you.
Yeah! Thanks to you I see what I've been doing wrong searching for munis in Schwab. Found my in state tax free munis with acceptable maturities. Time to rethink that muni ETF strategy
I am learning more and more about fixed income investing than ever before! Thanks for sharing your insights!
Thank you so much for this video!! I just bought some new issue GO bonds on Schwab Monday and it worked!! So grateful for the wonderful information you share with this community!!
Thank you for the informative video. One thing to note is that while Munis may be tax exempt, the interest income does add to your MAGI for IRMAA assessments for those 65 and older and on Medicare.
Rick, may I ask what IRMAA and MAGI are? Thank you.
@@peaceandjoytoall IRMAA stands for Income Related Monthly Adjustment Amount which is a Medicare surcharge based on one's MAGI (Modified Adjusted Gross Income) if your income is above certain thresholds. Even though you may have tax exempt interest income, it does get added back to your MAGI.
@@rick_vv7754 Thank you so much!
I was just on the Schwab site minutes before you posted the video. I had rolled over my 401k to an IRA and needed to find an investment. The problem I saw with Muni's and Corporate Bonds was they were all callable. I called Schwab's fixed income advisors and they were very good pointing out things I had not considered or not understood. I wound up buying a 20yr Gov Bond on the secondary market. It'll give my IRA a nice income stream every six months that will auto-transfer into Schwab's money fund (SWVXX) that is currently paying 5.26%.
@@jasonweishaupt1828 I have bought I-bonds and a 3yr bond from that site. But the 20yr auction is next week and if I understand correctly I won't know what interest rate I'll get until after the auction. I got slightly burned on my 3yr bond, the rate was less than I expected.
I think I'm in the same camp as thinking the long duration treasury yield should go beyond 5%. I keep most of mine in T-bills with duration 3 months to 1 year. Only about 3% invested in TLT and selling covered calls to generate more incomes. I'll wait for Fed to signal rate reduction before adding more to long treasury bonds.
How do you get the $ to auto transfer to SWVXX instead of going to Schwab Bank (paying next to nothing)?
I needed this! Thank you...
How is the default risk of individual muni bond, especially with higher yield? Are there states that one should generally avoid?
Great question.
th-cam.com/video/-QSgCK4G9lc/w-d-xo.html
Do you have an opinion if treasury bills interest rates will spike next week since we still do not have a funding bill and could be looking for a government shut down on November 17th?
Most trustworthy site.
I feel that states like NC are better able to pay. NY collects a lot but always seem to never have enough.
Great video and information: Thx so much.
Q: How to sell these bought MUNIs?
It seems it's easier to buy munis on the secondary market. Then you know the yield to maturity and can buy them with a shorter maturity between 6-12 years and 5% yield.
Jen, do you have a video on how to best handle when your I Bond or CD is coming to the end of its term and what to do with those funds (i.e., best strategies for moving them back to savings, etc)?
Not at the moment - but that's a great idea. We will add it onto our list.
Have you made a video reviewing the various kinds of investment accounts and taxability? Capital gains, non taxable interest, treatment varies depending on the type of account. If you’ve already done this, can you provide a link? Thank you!
It's on our video request list
Thank you, Jen!
Is there a fidelity video?? Thanks your info is great!
th-cam.com/video/x31XAB14cQA/w-d-xo.html
I had a CD mature today on my Schwab acct. I bought another CD, before I saw this. When it popped up, I thought oh crap, I jumped the gun. But apparently I didn’t. Henceforth I will keep better watch when another rung on the ladder comes due.
what if i buy in my ROTH account .. does it matter tax or not?
You do such a wonderful job!
The Vanguard Muni Fund (VWITX) 30-day yield is 4% (Expense Ratio=.17%). So you're getting a higher yield buying individual Muni bonds (higher even considering the ER). Is that always the case?
Great video thanks
Thanks! Where is the best place to park cash on Schwab?
Schwab Money Market Funds | SWVXX, SNVXX, SNOXX, SNSXX vs Bank Sweep (How To Buy Money Market Funds)
th-cam.com/video/Sydo00hfmJo/w-d-xo.html
@@DiamondNestEgg thank you!
PREFERRED STOCKS??? hi. been enjoying your content for the last few months. but because i'm in an income range where qualified dividends really give me a big tax advantage over interest income, i'm searching around for ideas that may be as reliable as cd's but spit out qualified dividends. anyway was wondering if you've addressed preferred stocks, it seems they might fit the bill.
Preferred stocks are on our video request list
I will check fidelity muni
th-cam.com/video/x31XAB14cQA/w-d-xo.html
Money market on Schwab
Like that you said “he or she can decide …”. Majority of male creators never acknowledge or include female investors and only say “he”. I never subscribe to their channel.
I’m a woman and let’s be real though - most women still don’t invest.
🤣🤣🤣🤣🤣
Literally who cares 💀💀 grow up woman.
When I watch QVC they always say “alright ladies now look at this” 🤣 and I’m not triggered about it