A Tax-Free Bite Of The Big Apple
It’s been nearly 40 years since President Ford’s famous “Drop Dead” reply to New York City’s request for a federal bailout as the nation’s largest city faced bankruptcy. Now, with a recovering financial services industry and a state personal income tax of 8.82% for the wealthiest households contributing to revenue streams, investing in the state’s debt securities could mean a lower level of risk. And for New York residents looking for tax-free income, the state’s municipal bonds, which are exempt from federal, state and local taxes, could provide an attractive option to consider.
This motif is designed to provide cost-effective exposure to the New York municipal bond market through broad bond ETFs, which hold bonds of successive intermediate and long term maturities.
Invest in Thematic Portfolios
Create your own customizable basket of up to 30 stocks or ETFs for just $9.95.
With this Motif, you can buy the following basket of stocks for just $9.95:
||Segment & Stocks
||1 MO / 1 YR Return
||New York Munis
Quotes delayed 15 mins. Currently Oct 28, 2016 2:17:19 AM. Fields are marked with -- when data is unavailable.