Beat The IRS With These Snubbed 6%+ Dividends [Forbes]
Invesco Municipal Opportunity Trust (VMO)
US:NYSE Investor Relations:
invesco.com/static/us/productdetail?productid=30589&producttype=fund
Company Research
Source: Forbes
(Photo by Joe Raedle/Getty Images) Still feeling the taxman’s sting from April? Then you probably need to consider getting some tax-free income. Having an income stream the IRS can’t touch may sound like pie in the sky, but it’s a reality if you hold municipal bonds. That’s because the tax code provides an exclusion for these bonds, allowing most US investors to collect interest payments from them tax-free. And in many states, income from those bonds is exempt from state taxes, as well. If you aren’t intrigued yet, then let me show you some numbers—and what they could mean to your portfolio. If you’re in the highest tax bracket (37%) and you get a 6%-yielding municipal-bond fund, that income is the exact same as a 9.5% dividend from stocks. And municipal bonds are nowhere near as volatile as high-yield stocks. Just compare the volatility of the iShares National Muni Bond ETF and the Vanguard High Dividend Yield ETF! Not only does this lower volatili
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Sec Filings
- 1/29/24 - Form 3
- 1/29/24 - Form NPORT-P
- VMO's page on the SEC website