No. of Recommendations: 0
SPAXX -- Fidelity® Government Money Market Fund currently pays 4.00%
You're right. Just looked, and mom's inherited IRA is in SPAXX. I'll be liquidating that relatively quickly**. What cash I have also is in SPAXX (though most of my assets with FIDO are invested in equity funds). If I have a viable alternative to SPAXX, I may have to do something about that.
**I had 10 years, two years ago. I won't be affected by IRMAA, but I need to balance ACA eligibility and future Social Security taxes. So my plan is to have that account gone before I turn 64 (just over two years). Eventually I will have to distribute my own retirement accounts, but nothing I can do about that. That's almost 10 years away.
