I inherited low 7 figure portfolio that was managed by merrill lynch.
Ive sold most of the stocks in favor of index funds but am debating doing the same with the fixed income.
My plan was to sell all the individual muni bonds and reinvest in something like VTEB muni index.
Looking at the muni bonds though a lot of them have coupon rates in the 4-5%+ range which is better then what VTEB currently yields. For example the most valuable one has a yield to maturity of 4.9%, coupon rate 5.5%, callable year 2035 and maturity year 2055.
Would it make sense to just leave these at the moment?