Quote:
Originally Posted by kv968
To get a yield of ~3% on a muni-bond, he would most likely have to get a maturity date of about 10 years unless he wouldn't mind holding "B" or less rated bonds or probably paying a premium for it.
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I just did a quick search and found lots of muni bonds earning 3% and up with A ratings or higher that mature in 2015 or 2016. For that matter, the top 5-year CD rate right now is about 3.3% so even that could work (though that is taxable).
I think this would be very achievable.