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Hi Fishes,
My Joining date was on 5th Dec, but didn't the onboarding mail, On 2nd Dec I was my BGC scheduled and they asked for my degree certificate, On 5th Dec 2022 I got the link from verification team where I uploaded my address proof.
But will they still onboard me, as my joining date is already passed, My recruiter is not responding my mails. Pls let me know
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Nothing you can do about federal taxes but Tbills would be best for tax purposes if your state has an income tax. If you don’t want to deal with buying Tbills, a fund that holds primarily treasuries would be an option. A mmf like VUSXX if you have a brokerage at Vanguard or somewhere that carries it or an ETF like SGOV would work
At fidelity it’s FZFXX
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You could do muni bonds but I don't think you are going to like the rate. Buying tbills directly is what I do for money I know I'll need later this year.
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Vanguard has federal and state tax free funds. You can get funds that are tax free at either or both state and federal. However the return basically mirrors the rate of taxable funds after tax effect at the highest tax rate. In other words, even at the highest tax rate you just come out even compared to using a taxable funds. You might make get .2% more with T-Bills (3.7%) but you have some rate risk there as they will have some term. There’s also ultra short term investment grade bond funds like VUSB that are paying over 4.25% but have a 12-18 month average term and are fully taxable and aren’t guaranteed by the federal government. Right now rates are most likely not to change for the rest of the year, unless you are in a highest tax bracket in a high tax state, an ultra short term corporate bond might have the highest return for you.
SGOV, no state taxes if you’re in a high income tax state
Fidelity offers 3 and 6 month CDs with FDIC.