Use this calculator to highlight muni benefits
Conservative investors are often drawn to CDs because of their stability. But, as you know, investing too conservatively can subject a portfolio to the steady erosion of inflation and taxes. Putnam’s new online calculator lets you perform side-by-side comparisons of CDs and municipal bonds. Input tax-filing status, state of residence, and rates of return, and make comparisons using either a fixed initial investment or a target level of annual income.
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