An investment in municipal bonds could generate significantly more after-tax income than the same investment in a certificate of deposit.
Generating this target level of income may require much less of an investment in tax-free municipal bonds, meaning you would have that much more money left over to invest elsewhere.
An investment in munis would generate an extra $593/year.
An investment in munis would give you $84000 left over to invest elsewhere.
After-tax income generated
Initial investment required