VTES
Vanguard Short-Term Tax-Exempt Bond ETF Shares
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Or VTEB or VTES as tax exempt funds.
VTEB or VTES instead of money market fund and you won’t have to pay federal income tax on the interest. Might save you 200-300k per year in federal income tax
VTES if you earn a good check, BSV if you're about to clock in at Wendy's
VTES if you want tax free for a portion of your portfolio to sit cash if your account is a taxable one.
Bonds might have some taxable income in a taxable account, but so do money market funds, short term treasury ETFs, etc. You could, if you really wanted, use municiple bond funds that are federal income tax exempt like VTES or VTEB, however their yields may be low enough, depending on your tax bracket, that you'd come out ahead just having regular treasury bills/notes and paying the tax on the income. I use mostly 2-5 year treasury notes in my taxable account for money I might need/want to use in the next handful of years.