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

You should not have a problem in a CMA with using FDRXX or other auto-liquidating MMFs. I think the issue arises when one uses the Cash Manager feature to pull funds from one account to another.

FDRXX and SPAXX have about the same yield. I assume FDRXX may be better if you have state and/or local taxes since part of FDRXX may be state/local tax exempt.

What state are you in and what are your state and local tax rates?

Thanks for the response.

I'm in Texas so there is no state tax.

I envision a world where I have cash in my CMA, all my bills and credit cards are on autopay. All I ever have to do is make sure I have plenty in FDRXX and the rest is on autopilot. The simplicity sounds amazing.

Why not just make SPAXX your core and not have to manually buy?

Statistics: Posted by BUBear29 — Tue Sep 10, 2024 11:23 pm — Replies 7170 — Views 1380131