10. The Millers have some money currently in an interest-bearing checking account. The Millers have $100,000 to invest. They have significant income from their investments and would like to move this money to a tax-exempt savings vehicle.

What type of savings tool would you recommend? Why?
Guys just so you know i'm looking for a tool to use and why it would be effective thank you

answer:

To encourage investment in local government projects, the interest earned on municipal bonds is tax-free (some, but not all, municipal bonds are exempt from federal, state and even local tax). Munis pay relatively low-interest rates, but most are considered to be low-risk investments. These bonds are popular with people in high tax brackets because they help reduce their tax burden while still earning interest and with older adults because they are generally low-risk investments.

Explanation:

In Conclution You Should Us Munis because

Munis provides the tools you need to attract and hire the right talent, to cultivate their performance and to align their contributions with your larger organizational goals. Munis streamlines HR processes — from online recruiting and application processing to implementing position controls and performance reviews.