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  1. 08-02-2008, 07:02 PM #1
    CYork
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    Default How do I buy tax-free municipal savings bonds?

    Over the past 10 years while invested heavily in stocks in the market (mutual funds + individual stocks) we've barely broken even. We probably would have done better had we simply invested in CDs.

    Anyway, I want to buy tax-free municipal bonds but don't know how to do so. I don't want a "bond fund," only individual bonds. What is the best way to buy them? Also, once they are purchased, are we locked-in for the duration of the bonds? (I've noticed that some are 20 or more years until maturity.) Or, can we sell them before this time?
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  2. 08-04-2008, 10:19 AM #2
    CYork
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    Default

    Does anyone have any thoughts on this?
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  3. 08-04-2008, 10:24 AM #3
    Greebo
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    Default

    http://www.daveramsey.com

    Click on the right hand side - Investment ELP.

    They can help. I'm afraid I can't.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

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  4. 08-04-2008, 05:46 PM #4
    scottp999
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    Default

    You can also buy US Treasuries with 0 transaction costs at treasurydirect.com (Min denomination is $1000). There are plenty of maturity lengths to choose from and they are free of some taxes, but not all.
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