To: DCBryan1
I spent FRI liquidating NY and NYC corporate and tax free muni bonds from clients accounts. When I retired two years ago and rolled over one of my retirement funds to an IRA, I instructed my investment adviser that I did not want any of my money in Municipal or state bonds.
The crash is coming and I believe it is coming soon.
Government has been mismanaged for far too long and the retirement funds are so far in the red that they will be collapsing soon.
16 posted on
06/02/2024 7:46:14 AM PDT by
Pontiac
(The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
To: Pontiac
When I retired two years ago and rolled over one of my retirement funds to an IRA, I instructed my investment adviser that I did not want any of my money in Municipal or state bonds. The crash is coming and I believe it is coming soon. Government has been mismanaged for far too long and the retirement funds are so far in the red that they will be collapsing soon.Bad move. Some states are better than others. Remember, states are basically small countries.
I do agree, though, don't invest in troubled states (WA, OR, CA, NY, MA, NJ, IL, MN, MI, WI)...and NO BLUE city munis even if ad valorem or GMNA mtge backed!
46 posted on
06/02/2024 9:31:58 AM PDT by
DCBryan1
(Inter arma enim silent leges! - Cicero )
To: Pontiac
to an IRA, I instructed my investment adviser that I did not want any of my money in Municipal or state bonds.
Nobody should have municipal bonds in any IRA. Much of the idea anybody puts their assets in munis is the fed-tax-free interest from munis. If it’s already tax-free why waste IRA space on them?
49 posted on
06/02/2024 9:38:32 AM PDT by
Reynoldo
(BurnLootMurder)
To: Pontiac
GOOGLE CLOUD had a COMPLETE failure IN Australia Pension accounts.
647,000 Accounts $1.38 BILLION GONE electronically with some sort of “PROGRAMMING ERROR.
57 posted on
06/02/2024 12:18:36 PM PDT by
ridesthemiles
(not giving up on TRUMP---EVER)
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