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Top related persons:
Tim Steffen - 2 you've - 2 Steffen - 2 There's - 2 Brenna McLoughlin - 1 McLoughlin - 1 Vanguard's - 1 Sam Nofzinger - 1
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Vanguard California Milwaukee New York California York – Winchester , Massachusetts New Berlin , Wisconsin
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SEC - 3 Money Market Fund - 3 Vanguard - 2 Fidelity New York Municipal Money Market Fund - 2 Baird - 1 Wealthstream Advisors - 1 York Municipal Money Market Fund - 1 Fidelity - 1

Search resuls for: "York Municipal Money Market Fund"


4 mentions found


☆ Tax season is underway. Here’s what investors should know to prepare
  + stars: | 2024-02-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +6 min
Tax filing season officially started on Monday, and investors could pay the price following last year's stock market bonanza. Meanwhile, investors collected yields exceeding 5% in money market funds, certificates of deposit and high yield savings accounts. In New York, the top income tax rate is 10.9%, and it's 13.3% in California. Vanguard's New York Municipal Money Market Fund (VYFXX) has a 7-day SEC yield of 4.25% and an expense ratio of 0.16%. Fidelity offers the California Municipal Money Market Fund (FSPXX) , which has a 7-day yield of 3.54% and an expense ratio of 0.3%.
Persons: Tim Steffen, Brenna McLoughlin, you've, McLoughlin, Vanguard's, Sam Nofzinger, Steffen, it's, There's Organizations: Baird, Wealthstream Advisors, York Municipal Money Market Fund, SEC, Fidelity, Money Market Fund, Public Locations: Milwaukee, New York, California, York, –
☆ 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
☆ Get paid for doing nothing: What you should know about cash sweep accounts
  + stars: | 2023-05-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
Doing nothing pays these days — at least that's the case if you're talking about cash that's sitting in your brokerage account. Consider Fidelity Investments is offering a 2.6% APY on its cash management account, but LPL Financial pays 0.45% on its insured cash account for clients with $300,000 to $500,000 in household value. First, examine your goals for the money before you shop around for cash sweep rates. Finally, if you do pile cash into your sweep account, think about the tax implications of doing so. Some firms offer different options for investing your cash sweep account, including a municipal money market fund for investors who reside in high-tax states.
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