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Top related persons:
– - 1 Catherine Valega - 1 Sallie Mae - 1 Jeremy Keil - 1 Keil - 1 There's - 1 Charles Sachs - 1 Kaufman - 1
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Vanguard California Winchester , Massachusetts New Berlin , Wisconsin Miami
Top related orgs:
Money Market Fund - 2 SEC - 2 Vanguard - 2 Fidelity New York Municipal Money Market Fund - 2 Federal - 1 Green Bee - 1 Synchrony - 1 Financial - 1

Search resuls for: "Fidelity New York Municipal Money Market Fund"


2 mentions found


☆ Rates may have hit their peak. How to get the biggest bang out of cash heading into 2024
  + stars: | 2023-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +5 min
"It's important to keep sharing this idea to do something with your cash; these rates won't be here forever." Municipal money market funds Rather than tying up money in CDs or T-bills, Sachs prefers municipal money market funds for investors in the highest income tax brackets. Vanguard's Municipal Money Market Fund (VMSXX) has a 7-day SEC yield of 3.53% and carries an expense ratio of 0.15%. Residents in high-tax locales may also want to consider state-specific muni market funds, which have the additional benefit of providing income that's free of state taxes. For instance, there's the Vanguard California Municipal Money Market Fund (VCTXX) and the Fidelity New York Municipal Money Market Fund (FSNXX) .
Persons: –, Catherine Valega, Sallie Mae, Jeremy Keil, Keil, There's, Charles Sachs, Kaufman, Sachs, Michael Bloom Organizations: Federal, Green Bee, Synchrony, Financial, Keil Financial Partners, Federal Deposit Insurance Corp, FDIC, ., CFP, Money Market Fund, SEC, Residents, Vanguard, Fidelity New York Municipal Money Market Fund Locations: Winchester , Massachusetts, New Berlin , Wisconsin, Miami, Vanguard California
☆ This year’s hot yields could be 2024’s tax hit. Here’s how to prepare
  + stars: | 2023-09-08 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
The Crane 100 Money Fund Index has an annualized 7-day current yield of 5.16% as of Thursday. This way, you're deferring the tax hit on the income until you begin to draw down from the account. To that effect, some money market funds invest in municipal bonds and thus produce tax-exempt income. Investors in high-tax locales may be especially interested in state-specific tax-exempt money market funds. The Fidelity New York Municipal Money Market Fund (FAWXX) carries an expense ratio of 0.42%, and it has a 7-day yield of 3.34%.
Persons: US3M, Tim Steffen, Baird, you've, Jerrod Pearce, Pearce, Steffen Organizations: Internal Revenue Service, Creative Planning, Vanguard, Money Market Fund, SEC, Fidelity New York Municipal Money Market Fund Locations: Vanguard California
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