Taxable municipal TARP const. bonds
Recently my financial advisor has suggested I invest in some taxable municipal bonds created by local taxing districts to raise money for infrastructure projects under TARP. The bonds pay 6.5-6.75% and are backed by the Federal government, so this makes investment in risky places like CA not so risky. I have a small estate, am retired at 64, and am risk-averse. Does anyone know anything about these bonds? What do you think?