With interest rates so low, how can you strategically use municipal bonds in your portfolio? In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, Certified Financial Planner™ Professional Tom Kennedy and Alliance Bernstein Assistant Vice President Jason Mertz take a look at the fixed income and bond market. Together, they examine how it works and the current environment and strategies you can use, especially if you are a high-income earner.
Guest Bio: Jason Mertz
Jason Mertz is an Assistant Vice President and Fixed Income Product Manager with Alliance Bernstein, a global asset manager. His focus with Alliance Bernstein is on fixed income and municipal bonds. Jason has six years of experience in the financial services industry and holds a BA from Muhlenberg College.
Host Bio: Tom Kennedy, CFP®
Tom joined Global Wealth Advisors in our Houston, Texas office in 2018 and became a managing partner in 2021. With over a dozen years of experience, he serves as our host of Your Money Momentum, a GWA podcast on financially related topics. He graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. In a partnership between Columbia University’s Earth Institute and Alliance Bernstein, he also earned the Climate Change and Investment Academy Certificate. In 2021 he was elected to serve on the board for United Against Human Trafficking where he assists the nonprofit with business planning, fundraising, and providing trafficking survivors with the financial skills necessary to reduce risk of revictimization. He holds the FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor.
Bond Market: Find it Fast
4:10 What are municipal bonds
5:27 Essential purpose revenue bonds
7:46 Possible risks
9:52 Corporate bonds
13:50 How bonds work
15:31 Current environment with taxes and interest rate movement
17:35 What can we expect?
18:58 Impact of COVID-19 on municipalities
21:14 Forecasts for the rest of 2021
24:41 Benefits and strategies
Listen in to Your Money Momentum published every other Friday, just in time for your morning commute.