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Author: blearynet Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35339  
Subject: savings in T-bills ? Date: 8/11/2006 6:39 PM
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As residents in a high-tax state (CA), can you think of any reason why it would be stupid or short-sighted to put the majority of our cash, currently held in money market accounts, into 6 month T bills instead? We would, of course, leave sufficient funds in a money market account for a year's worth of living expenses in case of emergency. Since T bills are exempt from state taxes, this seems like a win. Also, the rate of return seems better than putting it in a state-specific tax exempt money market fund.

Am I missing something here?? Thanks in advance.
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