03/03/2014 10:49 am ET Updated Dec 06, 2017

Why Municipal Bonds Might Be A Good Investment For You, From Suze Orman (VIDEO)

When it comes to advice on where senior citizens should invest their money, personal finance expert Suze Orman thinks municipal bonds are a great option.

For senior citizens looking to bring in supplemental income, Suze thinks municipal bonds are the way to go. First, since bonds vary from state to state, Suze recommends going to a financial advisor who specializes in municipal bonds available in your particular state.

Suze also recommends revenue bonds over general obligation bonds, as revenue bonds pay their owner back—tax free—based on revenue generated.

Get one on one financial advice from Suze here.

For more advice on managing your money, see Suze's personal finance tips:

Personal Finance Tips From Suze Orman

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