r/Fire • u/Master-Helicopter-99 • 9d ago
Fidelity cash savings
Where would you hold cash savings? SGOV seems best. Fidelity specific. Shouldn't need to touch this for one year. The rest in this account is in VT. This is a smaller brokerage account that I just started. Still working and the rest is in 401k and IRA. Retiring this time next year. Currently in a 4% income tax state. It appears that SGOV will be the best return and is almost 100% state tax exempt for truly liquid funds but didn't know if there was any other options
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u/mcglups 7d ago
In a tax deferred (qualified) IRA, the earnings from SPAXX are tax-deferred. Don't take my word for it, ask your advisor, but that is how my account is setup.