Hi Andre, great article. Curious on your take between Wealthfront's cash account (currently yields 4.05%) vs. a Vanguard MM fund such as VUSXX (currently yields 4.4% PLUS state tax exemption). Thanks for sharing!
Money market funds can be a good option, especially tax-exempt ones. (I would categorize it probably in tier 2 of my emergency fund)
I wouldn't open a new account just to chase few basis points, but since I already have then WealthFront account and like the physical separation I have stuck with them.
Only thing to look out for is that you are actually treating this as an emergency fund and not loading up on more Bonds in your taxable account (even if they are exempt).
Hi Andre, great article. Curious on your take between Wealthfront's cash account (currently yields 4.05%) vs. a Vanguard MM fund such as VUSXX (currently yields 4.4% PLUS state tax exemption). Thanks for sharing!
Money market funds can be a good option, especially tax-exempt ones. (I would categorize it probably in tier 2 of my emergency fund)
I wouldn't open a new account just to chase few basis points, but since I already have then WealthFront account and like the physical separation I have stuck with them.
Only thing to look out for is that you are actually treating this as an emergency fund and not loading up on more Bonds in your taxable account (even if they are exempt).