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Oklahoma City investor gets a lesson on municipal bonds

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Dear Mr. Berko: I've been reading your column for 35 years and in all that time I don't ever recall that you wrote about municipal bonds. What can you tell me about them? Last year, I had a taxable income of $229,000 and because I've been single since 2012, my tax bracket is 33 percent. It will be about the same in future years, though I may marry again. I have $53,000 to invest for long-term income and my broker recommended Goldman Sachs Dynamic Municipal Bond Fund, which has a 3.3 percent current yield. Is this good to buy or do you recommend a better municipal bond? JC, Oklahoma City Dear JC: According to Oscar Wilde, your first...

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