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A retirement money market account is a money market account that you hold in a tax-advantaged retirement account, like a 401(k) or an IRA. You use it as an interest-bearing account to hold cash in ...
Ideally, we want three years’ worth of retirement income in cash or cash equivalent (cash value, annuity, money market etc.),” said Bryan Schod, CFP ®, CDFA ® with Luttner Financial Group, a ...
5 steps for managing your money in retirement. As you’re planning for your retirement, you’ll need to forge ahead as best you can. You won’t have the safety of a job to bolster your finances ...
Make sure your retirement investments are properly allocated. “We recommend making sure [retirees] have an appropriate allocation for their time frame or risk level,” said Kendall Meade, CFP ...
Money market funds – also known as money market mutual funds – are a saving and investing option offered by banks, brokerages and mutual fund companies. These funds are considered low-risk ...
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
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