Similar situation here. Sold house and put proceeds into VMFXX. Since I had check writing authority in VMFXX, and there was a very large balance, I felt more comfortable moving it to VUSXX. Now there is a 2-step process to getting the money out. I have to sell VUSXX into the settlement fund (VMFXX) and then write checks out of the settlement fund. I am now at the end of a new house build and have been writing checks out of the settlement account for draws. I don’t leave a large balance in the settlement account where it is exposed to the possibility of check writing fraud.
Statistics: Posted by goodenyou — Sat Jun 15, 2024 7:14 am