Municipal Bond Forum
Makes sense for California resident
Q
I am managing the portfolio of my mother’s estate and her investment manager has put a significant amount of her portfolio into mostly California municipal “AAA” or “AA” bonds with a range of 10- to 30-year maturities over the last year. Should I be worried that these bonds are going to deplete the estate’s assets should she pass away?
A
James A. Klotz responds:
Although we can’t opine on the individual securities without specific descriptions of the bonds in your mother’s account, the general outline of the portfolio sounds very similar to what we would recommend for a California resident.
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