What to do with $10,000
Low interest rates and the recent stock market surge make this a challenging time to find the best places for your extra cash.
Keep more from the tax man's grip
Are you a high earner worried about tax hikes? Anyone in the 28% federal bracket or above can benefit from putting $10,000 into a municipal bond fund such as Fidelity Intermediate Municipal Income (FLTMX). Its 3.6% yield becomes an effective 5% for someone in that bracket -- beating the 4.5% paid by Fidelity's regular intermediate-term bond fund.
If you live in a high-tax state, you may do better with a muni fund that holds only bonds from your state; you'll owe no federal or state tax. (To figure your effective yield, use the calculator at investinginbonds.com; click Learn, then Municipal Bonds.)
NEXT: Protect your portfolio against inflation
If you live in a high-tax state, you may do better with a muni fund that holds only bonds from your state; you'll owe no federal or state tax. (To figure your effective yield, use the calculator at investinginbonds.com; click Learn, then Municipal Bonds.)
NEXT: Protect your portfolio against inflation
More Galleries
The number of discouraged job seekers is at an all time high. These readers tell us what it's like to give up on the job search. More
New offers target folks who are fed up with issuers' shenanigans. Here's how cards from three of the biggest banks stack up. More
Every January countless Americans vow to get in better shape. Make this year different with these gadgets - no personal trainer required. More
Special Offer
© 2010 Cable News Network. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2010 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
