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Home financial budget Financial Planning financial planning process money saving ideas Should I move some money to my Fidelity cash management account from the default SPAXX fund in the taxable account?

Should I move some money to my Fidelity cash management account from the default SPAXX fund in the taxable account?

On
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I’ve noticed I’m getting dividends monthly on money that’s sitting in my SPAXX settlement fund of my taxable account and it’s starting to add up.

The money is there to use when I buy securities but I haven’t in a while.

Does the cash management fund give a higher interest rate?

Will I still have to pay taxes on the dividends I receive there?

Advice appreciated



Submitted June 03, 2018 at 09:32AM by fat-stanley https://ift.tt/2Jpgj8s
financial budgetFinancial Planningfinancial planning processmoney saving ideas
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