From the Mint Life Blog
Is it too late to get on the muni bandwagon? Municipal bonds, one of the more sleepy corners of the investing landscape, outperformed commodities, corporate bonds, Treasuries and even stocks last year. Is there still an upside left in 2012?
There is a long-term risk with municipal bonds that wasn't mentioned in the article. If the stock market continues to underperform, cities and states will have difficulty meeting their pension liabilities. I reviewed this issue in this August forum thread