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.
![Use this calculator to highlight muni benefits](https://www.advisortechtips.com/wp-content/uploads/2013/05/att_feat_muni_cal.png)