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SPAXX
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$250,000 Sitting in SPAXX Pays State Tax on Most of Its Interest While FDLXX Holders Pay Almost None
Quick Read SPAXX calls itself a government fund yet only 55% of its income qualifies for state-tax exemption, leaving 45% fully taxable as ordinary income. Switching $250,000 to Treasury-only FDLXX saves about $184 per year in state taxes,…
4 Smarter Ways To Earn More on Idle Cash, According to Rob Berger
Guido Mieth · Getty Images When you set aside money for an emergency fund or upcoming taxes, a checking or savings account that offers little or no interest isn't your only option. In a YouTube video, personal finance expert Rob Berger sha…
Fidelity Government Money Market Fund (SPAXX): What Investors Should Know
Quick Read SPAXX tracks T-bill yields near 4% but its 0.42% expense ratio ranks among the highest in its money market peer group. VMFXX runs historically cheaper than SPAXX, and FDLXX delivers state-tax advantages, giving cost-focused inve…
Your Idle Cash Is Sitting in Vanguard’s VMFXX, and It’s Doing More Work Than You Think
Quick Read VMFXX earns roughly 4% on short-term Treasuries while charging just 0.11% in fees, versus the FDIC national CD average of under 2%. High-tax state investors may net more after taxes in VUSXX, which holds more direct Treasuries a…
Have Cash at Vanguard, Schwab, or Fidelity? Why You May Want to Move It
Cash in an investment account could earn more substantially more if you move it to an outside account. Credit: PeopleImages / Getty Images Key Takeaways Vanguard, Schwab, and Fidelity are currently paying 3.29% to 3.64% on uninvested cash.…
Midday Need to Know: NATO on Hormuz, Burry adds tech and retail positions, and more
[Multiple exposure image of London buildings] Tim Robberts U.S. equities stumbled on Tuesday, as tech stocks remained under selling pressure, ahead of Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) earnings slated to come on Wednesda…
Early June 'ripe for profit-taking' with fund managers all-in on stocks - BofA
[Portrait of Professional Traders Working on a Stock Exchange. Enthusiastic Men and Women Shouting, Signaling Orders for Company Shares and Commodities to Brokers at an Open Outcry Arbitrage] gorodenkoff Money managers are piling into stoc…
Dividend Investor Making $10,000 a Month Shares His Top 8 Stocks, Says AI Stocks Helped Him Reach Goals – 'Tempted To Just Go Ahead And Retire'
Dividend stocks are drawing renewed attention as geopolitical tensions rise and concerns about the labor market grow. Investors like dividend stocks because they tend to hold up better during periods of market volatility. In June, a Reddit…
Dividend Investor Making $5,000 Per Month With $632,000 Reveals Portfolio–'It Takes Time, But It's Doable'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investing in quality dividend stocks and letting your wealth increase despite short-term market volatility can do wonders over the long ru…