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Top related persons:
Jared Woodard - 2 Woodard - 2 MLPA - 1 munis - 1 HYMB - 1
Top related locs:
U.S HY
Top related orgs:
Bank of America - 2 Bloomberg - 2 ETF - 2 Muni - 2 Mutual - 1 SEC - 1 MLP & Energy Infrastructure - 1 Global - 1

Search resuls for: "HYMB"


2 mentions found


☆ The tax code could be in for upheaval. How to prepare your portfolio, per Bank of America
  + stars: | 2024-10-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It roughly doubled the standard deduction, adjusted individual income tax brackets , lowered most of the rates and applied a $10,000 cap on the state and local tax deduction. Mutual funds tend to have higher turnover – that is, buying and selling of underlying securities – and by law they must distribute capital gains. Meanwhile, income from Treasurys are subject to federal income tax, but exempt from state and local tax. Seek tax-efficient opportunities for your holdings Take a look at your portfolio and see whether there are opportunities for tax-advantaged yield, Woodard said.
Persons: Jared Woodard, Woodard, MLPA Organizations: Bank of America, Mutual, Bloomberg, ETF, SEC, Muni, MLP & Energy Infrastructure, Global, MLP, MLPX, & $ Locations: U.S
☆ Investors should take a look at these high-yield bond ETFs with tax advantages, Bank of America says
  + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
"Investors have registered $195mn of outflows from HY muni ETFs over the past year while piling $3,130mn into long duration US Treasury bond funds. … In our view, Treasury bond ETFs have too much inflation risk and will continue to underperform Prudent Yield credit assets. Municipal bonds are debt issued by state and local governments whose interest payments can be tax-free for investors. But municipal bonds look relatively safe within that group, according to Bank of America. Bank of America's top-rated municipal bond ETFs include the SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) and the VanEck High Yield Muni ETF (HYD) .
Persons: Jared Woodard, Woodard, munis, HYMB Organizations: Bank of America, HY muni, …, Federal Reserve, Bank of America's, Bloomberg, ETF, Muni Locations: HY
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