Midpack
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It's dawned on me that I could pay less state tax if I held nothing at Ally, and had that cash in a Vanguard MMF (that we already own), where the Govt Obligations portion wouldn't be subject to state taxes and MMFs are paying higher interest as dividends. I keep about $50K at Ally for fast access, but access to our Vanguard VMFXX or VUSXX would be just as easy. I guess I've kept some cash at Ally in case we lost access to Vanguard for some reason, costs me less than $100 a year in state taxes.
I looked into holding my Ally cash in a MMF but IIRC that required an investment account and there were fees involved.
I looked into holding my Ally cash in a MMF but IIRC that required an investment account and there were fees involved.
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