Money Market Funds Are Great… Until Tax Time

Investors flooded into money market funds this year in an environment of persistent uncertainty. High money market mutual fund yields linked to Fed fund rates generated significant income this year, and a potentially significant tax bill next year for investors. The 5% and higher yields on low-risk, short-term money market funds proved attractive, and lucrative [...] The post Money Market Funds Are Great… Until Tax Time appeared first on ETF Trends .