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Are tax-free municipal bonds my best option, or what would you suggest?

It means investing in international stocks or in Treasury and municipal bonds, and keeping some cash in a high-yield savings account, too.

What Citigroup’s exit from the $4 trillion market for municipal bonds, a field it once dominated, means for the business of financing state and local governments.

The deal would also lower the proportion of a building that must be financed by municipal bonds to 30 percent from 50 percent in order for its developer to qualify for the credit.

The state is expected to kick in $200 million in infrastructure improvements in the area on top of financing the arena project through the issuance of municipal bonds.