Use this calculator to highlight muni benefits

Putnam Investments, 05/10/13

Conservative investors are often drawn to CDs because of their stability. But, as you know, investing too conservatively can subject a portfolio to the steady erosion of inflation and taxes. Putnam’s new online calculator lets you perform side-by-side comparisons of CDs and municipal bonds. Input tax-filing status, state of residence, and rates of return, and make comparisons using either a fixed initial investment or a target level of annual income.