Can interest be taken out separately from municipal bonds to be used as income? Is there risk in municipal bonds from major states like New York or California? --- Jerry G.

Thursday, Dec 10, 2015

A: Yes, most municipal bonds pay interest twice a year. The interest they pay is based on the coupon the bond was issued at. While one can never say there is no risk in bonds from large states like New York and California. Historically they are some of the safest bonds around.

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