...include municipal bonds, annuities, and various qualified retirement plans and IRAs, as well as the 529 college savings plans.
Municipal bonds are issued by states and cities and other municipal entities such as school districts, water districts, hospitals, or colleges. The interest paid is income tax-free at the federal level and at the state level if issued by a municipality in the investor's resident state. For example, Massachusetts municipal bonds are double tax-free to residents of Massachusetts, but only federally tax-free for New York residents.
Retirement plans include IRAs, SEP-IRAs, SIMPLE Plan IRAs, 401(k) plans, 403(b) tax sheltered plans (for employees of non-profit employers), pensions, and profit-sharing plans. Contact us for more detailed information.