Advisors Overlooking Hidden Tax Drag in Municipal Bond Portfolios

Financial advisors are urged to audit client municipal bond portfolios for hidden tax drags, especially in high-tax states, to ensure optimal returns before client reviews.

1 Jun, 13:38 — 1 Jun, 13:38

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advisor-perspectivesMostly Factual91d ago

The Hidden Tax Drag in Municipal Bond Portfolios: What Advisors Are Missing

The audit I would encourage every advisor to run before the next client review in a high-tax state takes less than one hour. Pull the fund's most recent annual report and find the state-by-state income breakdown. It shows what percentage of the fund's distributions came from bonds issued in each state.

By Ignacio Canto

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Advisors Overlooking Hidden Tax Drag in Municipal Bond Portfolios

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The Hidden Tax Drag in Municipal Bond Portfolios: What Advisors Are Missing

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