Villages CDD bonds could be a decent investment. Current CDD 12 - Fenney/Southern Oaks yield 3.875% tax free. We know what's behind them (The Villages) is pretty stable. You can sell them if you need to liquidate...but are then subject to price fluctuations over par value.
I've held various CDD and Utility bonds for at least 9 years. I sure miss those that yielded 7%!!! But, even at 3.875, it's not a bad yield, especially if the tax-free aspect is important to you.
Contact Edie Nasello at FMS Bonds for more info. 800-741-1103 ext 2251
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years 
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