How To Buy Illinois Bonds 〈TOP-RATED HOW-TO〉

This is the most common method for retail investors. Most major brokerage firms allow you to search for Illinois-specific bonds on their platforms.

You can buy bonds directly when the State of Illinois or its local municipalities first offer them to the public. how to buy illinois bonds

: You can buy "New Issues" (brand new debt) or "Secondary Market" bonds (existing bonds sold by other investors). This is the most common method for retail investors

If you don't want to pick individual bonds, you can buy shares in a fund that manages a basket of Illinois municipal debt. how to buy illinois bonds

Because Illinois state and municipal bonds offer unique tax advantages—typically being exempt from federal income tax and sometimes state taxes for Illinois residents—they are a popular choice for stable income. 1. Buying Through a Brokerage