Texas here.Texas.Don't know what state you're in, but make sure you don't have a dividends and Interest tax. My state of New Hampshire has no income tax, but they do tax dividends and interest.If one wants to park emergency fund and other fund, say 100-200K, which MMF to use or should one divide it between different money market funds?
No state income tax
spaxx vs swvxx vs vmfxx or any other MMF?
Schwab vs Vanguard Vs Fidelity or divide it among these
Thank You
Does TX have dividends and interest tax?
I use VUSXX and VMFXX at Vanguard. I write checks out of VMFXX. I also have SNOXX and SCOXX at Schwab.
The yields are a bit higher at Vanguard.
The are no state income taxes in Texas on dividends and interest.
Statistics: Posted by goodenyou — Sat May 11, 2024 12:46 pm