reason for taxible money market account?

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Topic Author
rgar98
Posts: 50
Joined: Sun Jul 15, 2007 2:33 pm

reason for taxible money market account?

Post by rgar98 »

Is there any reason to have a money market fund (non-retirement accn't) in addition to the money market settlement funds in my brokerage retirement accounts?
Triple digit golfer
Posts: 7962
Joined: Mon May 18, 2009 5:57 pm

Re: reason for taxible money market account?

Post by Triple digit golfer »

Liquidity, cash flow, upcoming expenses.

How would you fund a new roof?
Topic Author
rgar98
Posts: 50
Joined: Sun Jul 15, 2007 2:33 pm

Re: reason for taxible money market account?

Post by rgar98 »

Thanks. I did not word my question correctly.

I should have said: ... in addition to the settlement fund in a non-retirement brokerage account?
Triple digit golfer
Posts: 7962
Joined: Mon May 18, 2009 5:57 pm

Re: reason for taxible money market account?

Post by Triple digit golfer »

rgar98 wrote: Sat May 15, 2021 8:08 am Thanks. I did not word my question correctly.

I should have said: ... in addition to the settlement fund in a non-retirement brokerage account?
Ah, I misread and missed that this is a non retirement account.

Then in my opinion, no.
stan1
Posts: 10342
Joined: Mon Oct 08, 2007 4:35 pm

Re: reason for taxible money market account?

Post by stan1 »

The answer might vary with time and interest rates, but right now no need for a money market fund separate from retirement account. If I had cash I was accumulating for a large expense today I would keep it an FDIC savings or short term CD for higher rate.
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