Understanding Bonds - Question 97

I am retired and have recently changed my residence from New York to Florida. Does it make sense for me to “swap” or exchange my New York municipal bonds for Florida ones?

Compare your New York municipal bonds with those available in Florida, and see if the return justifies the swap. If your return in New York is equal to your potential return on a Florida bond, then the additional Florida Intangible Tax may make it worthwhile for you to “swap” into Florida municipal bonds.