"Before anything else, let’s do the numbers: money market funds yield around 4%."
What? The Vanguard Prime Money Market Fund (VMMXX) is yielding about 0.13% right now, and I think that's fairly typical.
What? The Vanguard Prime Money Market Fund (VMMXX) is yielding about 0.13% right now, and I think that's fairly typical.
Incidentally, my savings account in Australia is still paying 4.6%.
Definitely not 4%. That was in 2005.