No. of Recommendations: 2
"My suggestion would be the Vanguard short term tax exempt fund, which is just about as safe as a mm (because of the short term), just as liquid, and has a better yield."

This is a valid suggestion. However, at the actual yield for last couple of months, we're talking about an $83 return on $30,000 for a month. Tax free that beats current money market rates. However, if the fund fee drops a couple of cents (which it easily might), you'd end up a little less after taxes than the money market.

It's not a big risk, but is it really worth the hassle, since the best you can do is make an extra $30- $40 (after taxes)? You can skip one dinner out and save that much.
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