Municipal Bonds are debt securities issued by states, cities, townships, counties, or school districts to finance large capital expenditures. These bonds are typically used to finance projects such as the construction of roads, airports, schools, or hospitals. As the owner of a bond, you receive coupon payments twice a year, until the bond matures. For example, if you owned $10,000 worth of a bond that yields 2.5%, you would receive coupons of $125, twice a year.
Hyland Financial Planning's Ryan Bayonnet, CFP®, MSF has always been passionate about financial literacy. From working with clients, friends, and family, it has always been important that they have an understanding of what is going on with their money. Ryan has recently volunteered as FinMango's newest Domestic Senior Advisor. FinMango is a 501(c)(3) non-profit organization on a mission to address economic inequality through the lens of opportunity with programs in financial inclusion and entrepreneurship. FinMango strives towards eradicating the vicious cycle of poverty around the globe using innovative financial solutions.