My taxable account is much larger than my retirement accounts. If I want to hold even a modest percentage of bonds, I'd have to hold nearly all of my bonds in taxable. I sometimes read about holding muni bonds or muni money market funds in taxable. But do these have any increased risk compared to treasuries or treasury only money market funds? A big part of my reason for wanting to hold bonds in the first place would be for something as extremely safe as possible in the event of economic and stock market turmoil.