Ask Terry Questions Tax Exempt Mutual Bond Funds

Tax Exempt Mutual Bond Funds

By Terry Savage on November 12, 2018 | Financial Planning / Retirement

Hi Terry, in our personal and non tax exempt money, we currently have 75% in stock funds, 20% in the intermediate and short term tax exempt bond funds and 5% in the municipal money market. We do not plan to use these monies in the near future. We are in our mid 60’s. Can you comment on this allocation? Thank you.

Terry Says

It seems like a sensible allocation, but I have no idea of your age or stage in life. And that commitment to munis assumes you are in a high enough tax bracket to get the benefit of those tax-exempt bonds. This is where it makes sense to have a session with a fee-only financial planner, who can look over your entire picture –= not only your investments, but your tax situation, your health insurance needs and costs, and even the potential need for long term care insurance. Go to, the website of fee only financial planners. Or find a good match at

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