In Defense of Muni Bond Funds

Despite the attractive yields that municipal bonds are offering these days, some investors aren't convinced that these tax-exempt securities are solid investments.

Here's a little convincing.

Rick Capozza writes, "I am a recent subscriber to the Safe Save Plan and bought the (VWITX Quote)Vanguard Intermediate-Term Tax-Exempt fund based on your suggestion. I have seen the fund drop the past few days and was wondering why, since interest rates have declined even further. Should I consider selling the fund?" ...