
Retirees benefit more from tax-exempt municipal bonds (VTEB) than ultra-low-fee BND in taxable accounts.
The Vanguard Total Bond Market ETF (BND) offers broad bond market exposure at a very low 0.03% fee, but retirees holding it in taxable accounts face significant tax drag on returns. In contrast, the Vanguard Tax-Exempt Bond ETF (VTEB) invests in muni...





