Are you better off investing in a taxable or a tax-exempt bond fund? To find out, you need to know the taxable equivalent yield of the tax-exempt fund — i.e., the taxable return you would need to earn to at least equal the return of the tax-exempt fund.
© 2009 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
