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Personal Finance (Not Investing) • Fidelity as a one stop shop

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If you can get $100k in cash, even briefly, you can use FZDXX or one of the other premium MMF.
In a Fidelity IRA you can buy FZDXX for a minimum of $10k. Once you have FZDXX in your IRA you can transfer 100 shares (=$100) in kind of FZDXX into your taxable account. That counts as a distribution (no penalty if over age 59 1/2) and serves to put some FZDXX in your taxable account. Once it's in your taxable account you can buy more in your taxable account.

--vtMaps

Statistics: Posted by vtMaps — Sun Aug 18, 2024 5:19 pm — Replies 7083 — Views 1351170



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