Jerome Powell’s recent “hawkish cut” is set to light a fire under high-yielding (and tax-free!) municipal bonds.

The rates range from 0% to 20% ... dividends automatically qualify for preferential tax treatment. Dividends from real estate investment trusts, master limited partnerships and certain foreign ...

A further option involves buying venture capital trusts (VCTs ... But these days, that benefit has reduced, as dividend tax rates have increased, and the tax-free limit has reduced.” ...