Author Topic: Cash in Fidelity IRA  (Read 1096 times)

blue_green_sparks

  • Bristles
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Cash in Fidelity IRA
« on: July 14, 2022, 04:18:33 PM »
The default cash option I have been using is the govt. money market fund "SPAXX" that is still earning a paltry 0.1% even though short-term treasuries are getting up there. Any suggestions for a super low risk fund to park my cash that is doing better than that?

Another Reader

  • Walrus Stache
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Re: Cash in Fidelity IRA
« Reply #1 on: July 14, 2022, 06:10:05 PM »
SPAXX was earning 0.99 percent last I checked a week ago.  If you have $100k, FZCXX pays 1.09.  Increasing the risk a bit to include some commercial paper, with $100k, you can earn 1.40 percent in FZDXX.

blue_green_sparks

  • Bristles
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Re: Cash in Fidelity IRA
« Reply #2 on: July 14, 2022, 08:29:06 PM »
Thanks AR,
I finally located the page with the short-term rates. As of 7/14:
1 Day   7 Day   30 Day
1.07%   1.05%   0.97%
That makes more sense after seeing that my Ally Bank account is earning 1.25% !

ChpBstrd

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Re: Cash in Fidelity IRA
« Reply #3 on: July 14, 2022, 09:18:36 PM »
Maybe just buy treasury notes. They're paying 2% annualized for one month duration, and 3% annualized for six months. Plus they're highly liquid and basically immune to most duration / interest rate risk.

blue_green_sparks

  • Bristles
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Re: Cash in Fidelity IRA
« Reply #4 on: July 15, 2022, 06:19:54 AM »
Maybe just buy treasury notes. They're paying 2% annualized for one month duration, and 3% annualized for six months. Plus they're highly liquid and basically immune to most duration / interest rate risk.
I'll think will. I have a bi-annual IRA withdrawal scheme so notes will work out nicely.

 

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