I have had my 401K in SNSXX (index Treasury Fund)due to concern last year of bank issues. Now I'm wondering if I should go back to the money market advantage fund SWVXX which pays a little better. It has $525K in it.
Also, Schwab has notified me of my 20K+ rmd for end of 2024 and that I don't have enough cash to pay from it. Wondering if I should stop reinvesting dividends and capital gains so that by the end of the year I may have enough cash to pay the RMD (which I don't need). I don't think the cash sitting from the dividends even pays any interest in Schwab.
If Schwab had an ETF similar to VBIAX which is 60/40 stock/bond at Vanguard, I would consider exchanging the ira into that.
Schwab charges for buying vanguard mutual funds but not for ETFs, but don't know of an ETF that is a great candidate for my 401K IRA which I'd like to keep fairly "safe".
Thanks for your thoughts and great advice.
Also, Schwab has notified me of my 20K+ rmd for end of 2024 and that I don't have enough cash to pay from it. Wondering if I should stop reinvesting dividends and capital gains so that by the end of the year I may have enough cash to pay the RMD (which I don't need). I don't think the cash sitting from the dividends even pays any interest in Schwab.
If Schwab had an ETF similar to VBIAX which is 60/40 stock/bond at Vanguard, I would consider exchanging the ira into that.
Schwab charges for buying vanguard mutual funds but not for ETFs, but don't know of an ETF that is a great candidate for my 401K IRA which I'd like to keep fairly "safe".
Thanks for your thoughts and great advice.
Statistics: Posted by Loon11 — Sat Jan 13, 2024 2:58 pm — Replies 2 — Views 191