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Dueling Money Market Funds
Old 06-29-2016, 11:14 AM   #1
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Dueling Money Market Funds

Just got a notice from my 401K holder that they will be changing from Vanguard Prime Money Market (VMMXX) to Vanguard Treasury Money Market (VUSXX). Any money I have in Prime will get moved to Treasury effective end of July.

If this were happening to you, would you have any concerns?

I didn't find much on this or the Bogleheads Forums to answer this. From Vanguard's site, the main differences I see are these:

Product Type: Treasury is Government, Prime is Retail
Expense Ratio: Treasury is .09%, Prime is .16%
Compound Yield: Treasury is .24%, Prime is .45%

Your thoughts welcome. Thanks in advance.
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Old 06-29-2016, 11:18 AM   #2
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No. There has been a change in money market fund requirements. There was a long thread here about a month ago.
breaking the buck and MM funds
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Old 06-29-2016, 03:55 PM   #3
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I could never understand why anyone would have 401k money in a MM fund.
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Old 06-29-2016, 04:07 PM   #4
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Quote:
Originally Posted by pb4uski View Post
I could never understand why anyone would have 401k money in a MM fund.
One possibility: No stable value option; vast majority of assets in retirement accounts; retiring in less than 2 years at age 55 with no pension.

Not my situation. But I could see doing it there.
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Old 06-29-2016, 04:28 PM   #5
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Yup, some people just like safety.
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Dueling Money Market Funds
Old 06-29-2016, 08:40 PM   #6
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Dueling Money Market Funds

Paying income tax someday to pull out cash though. No comprende.
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