Municipal bond investors fled the market in droves last year after scary headlines about bankruptcy in Detroit, credit problems in Chicago and Puerto Rico’s refinancing woes. Their indiscriminate selling created opportunities for this week’s guests. Muni fund portfolio managers Robert Amodeo and Robert DeMella explain why they pay so much attention to investor behavior.
On this week’s WEALTHTRACK, the rising appeal of muni bonds. Despite some negative headlines, top fund managers Robert Amodeo of Western Asset Management and Robert DiMella of MacKay Municipal Managers say there are opportunities to be had in munis. Continue Reading »
Regardless of what happens with the “fiscal cliff”, the economy, markets or the deficit, you name it, you are looking at climbing tax rate over the next few years. Our guests this week are two pros who can help you plan ahead with a tax-efficiency plan. Christine Benz is Director of Personal Finance and Senior Columnist for Morningstar.com, where she gives sound advice on just about everything having to do with managing your finances. Our other guest is Robert Amodeo, Head of Municipals at Western Asset Management, who was named Municipal Manager of the Year by Institutional Investor Magazine in 2011. The taxman cometh, so you’d better be ready. Continue Reading »
Tax avoidance strategies include:
- Re-visit municipal bonds
- Put higher tax investments in tax deferred accounts
- Emphasize tax efficient strategies including: index funds, ETFs, and individual stocks