Thank you for your response. Are there financial advisors who specialize in this sort of portfolio construction? Or can any of them do this?
You can get the same return with a Long Term Tax Exempt fund such as VWLUX (Vanguard Long Term Tax Exempt Fund - example only I’m not trying to push this.) which pays approximately 4% annually federal tax free. Go to Morningstar and look at the options for Long Term Tax Exempt funds. The issue with these type investments is interest rate risk. In a rising interest rate environment the value of the asset goes down. If you are holding long term that is less of an issue.
I’m not a financial advisor, I don’t play one on TV, and you should seek competent financial advice before you invest.