How To Build Wealth with Municipal Bonds

June 25, 2012
Hosted by Jordan Goodman

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Guest Information

Episode Description

Today we welcome Bill Walsh, President of Hennion & Walsh. They may not be the most exciting investments around, but according to one of the country's leading experts on the subject, tax-free municipal bonds can easily serve as a solid foundation for any investor's portfolio, providing both predictable and tax-free income year-in and year-out. "You can purchase a high-quality municipal bond right now and get a return of around 5% tax-free, which is equivalent to almost 8% from a taxable investment for investors in the highest tax bracket," says Walsh. Bill says one key to successfully investing in tax-free municipal bonds is to know what is backing the issue. Essential purpose revenue bonds and general obligation bonds are usually a good place to start. "The ability to levy taxes is a pretty strong guarantee that the borrower will be able to pay out interest for the life of the bond and that the bond will retain its value at maturity." For more information visit

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Jordan Goodman

Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.

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