Where the fixed-income discipline comes from
Decades of experience managing equities as well as fixed-income portfolios
Before founding ClientFirst, Ed Mahaffy managed fixed-income portfolios for commercial banks and charitable foundations. That experience informs how the firm approaches fixed income.
Scope
What this covers
- Individual high-grade tax-exempt municipal bonds rather than funds alone
- Laddered maturities matched to when you need the money
- Credit review on each holding rather than delegated to a fund manager
- Tax-equivalent yield: what a municipal bond is worth to you specifically
- How municipal income interacts with Social Security taxation and Medicare surcharges
What people usually ask
- “Does tax-exempt income actually beat taxable income at my bracket?”
- “What am I giving up by holding a bond fund instead of the bonds?”
- “Could municipal income push up my Medicare premiums?”
Before founding ClientFirst, Ed managed fixed-income portfolios for commercial banks and charitable foundations.
Also
The rest of the plan
Start with a 15-minute call
Step one is a 15-minute discovery phone call about your situation: your concerns, your goals, and whether our firm is a good fit. No cost, no obligation, and no requirement to transfer assets.