Taxable Equivalent Yield  

Municipal bonds are sold by cities, counties, states and other political bodies (public hospital, school district).

The federal government and its agencies do not sell municipal bonds. However, most municipals are free of federal taxes. Because of this, the stated interest rate on municipals is typically lower than comparable non tax-exempt bonds.

How much would you have to receive from a taxable bond to realize an equivalent yield? You can find the answer by entering the following information:

     


What is your federal income tax bracket?

What is the yield (in percentage points, 0 to 10 percent) on the municipal bond you are considering?

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Keyes & Shipps Financial Group
Jeffrey Keyes, CLU, ChFC
Cell: (315) 345-9262
Email: jkeyes@keyesshippsfg.com

Lawrence Shipps, CLU, ChFC
Cell: (315) 415-6691
Email: lshipps@keyesshippsfg.com

Leslie Shipps, CLU, CLTC
Cell: (315) 382-5375
Email: lbshipps@keyesshippsfg.com

Syracuse Office:
6390 Fly Road
East Syracuse, NY 13057

Fax: (315) 463-8219

Directions to our Syracuse Office

Lake Placid Office:
2038 Saranac Avenue
Lake Placid, NY 14946

Fax: (518) 523-8105

Directions to our Lake Placid Office

New England Financial is the registered mark for New England Life Insurance Company, Boston, MA and New England Securities.

Securities products offered by New England Securities Corp (NES), Member FINRA, SIPC. Investment advisory services offered by Investment Adviser Representatives of NES, a Registered Investment Advisor.

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