I think tax-free municipal bonds are a great investment and I have a number of them. But are they right for an IRA? I have to pay taxes when I withdraw from my IRA anyway, as ordinary income. Is there a better "taxable" investment that makes sense for an IRA?
- P., Arizona
In a normal fixed-income market environment, taxable bonds will yield more than tax-free bonds, which makes them the preferred investment choice for IRAs and other retirement accounts, as income can accumulate on a tax-deferred basis. ... more