23-Jun-17 World View -- Financial crisis becomes critical in Illinois and Puerto Rico

[John]

23-Jun-17 World View -- Financial crisis becomes critical in Illinois and Puerto Rico


Voting for statehood will not save Puerto Rico from financial crisis

** 23-Jun-17 World View -- Financial crisis becomes critical in Illinois and Puerto Rico
** http://www.generationaldynamics.com/pg/ ... tm#e170623


Contents:
Voting for statehood will not save Puerto Rico from financial crisis
Puerto Rico plunges into contentious bankruptcy proceedings
Illinois bond rating expected to be cut to junk status


Keys:
Generational Dynamics, Puerto Rico, Ricardo Rosselló,
Rochester Maryland Municipal Bond Fund,
Rochester Virginia Municipal Fund,
Oppenheimer Funds, Franklin Templeton,
Illinois, Bruce Rauner, Mercatus Center

[jldavid47]

The triple-tax free 10% interest deal has drawn massive amounts of money from 401k's and other ordinary investment funds.

Um... Not 401Ks. No retirement plan invests in tax free bonds because any interest from those bonds would be taxable upon withdrawal as ordinary income. Mini bonds and mini bond funds are purchased outside of retirement plans because purchasing them inside of retirement plans negates the tax-free advantage.