Friday, October 23, 2020

Only Surprised it Took This Long

 Some years ago, I bought $30K of Medina Co., Ohio Port Authority bonds with an 8% coupon.  (Yes, this was a long time ago.)  The bond was callable, as is typical with absurdly high yielding bonds.  They finally called the bond, so I will be losing $2,400 a year in income exempt from federal income tax.  I now need a new place to put that $30K.