How to decide when to invest in municipal bonds versus new tax-efficient bond ETFs that don't invest in munis.We analyze several newer ETFs that earn bond-like returns while avoiding paying taxable income distributions.SponsorsClaude.ai - Sign up for Claude today and get 50% off Claude ProDelete Me – Use code David20 to get 20% offInvestments MentionedVanguard Tax-Exempt Bond ETF (VTEB)iShares 7-10 Year Treasury Bond ETF (IEF)JPMorgan Ultra-Short Municipal Income ETF (JMST)Alpha Architect 1-3 Month Box ETF (BOXX)F/m Compoundr U.S. Aggregate Bond ETF (CPAG)F/m Compoundr High Yield ETF (CPHY)NEOS Enhanced Income Aggregate Bond ETF (BNDI)NEOS Enhanced Income 1–3 Month T-Bill ETF (CSHI)Show NotesUS municipal bond defaults and recoveries, 1970-2022 by Moody's Investor Service—FidelityFive Reasons Municipals Have Rarely Defaulted by Matthew Norton—Bernstein470 Plus: Annuities Correction, Europe versus U.S. Value Stocks, Analyzing BOXX, and Accredited Investor Rules—Money for the Rest of UsCboe:BOXX | Investment case—alpha architectSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.