Re: Tax Season 2012: Work No Longer Pays
I kind of realized that, but I think the reason for that is because of mainly how quickly the money transfers (M1 supply vs. M2 supply). It's your preference. I do keep most of my savings in M2, but have a little bit in M1 in case something goes seriously wrong. Also one thing to remember about the money market and savings (at least the online ones, not sure if the rules apply to credit unions as well) is that you're only allowed 6 withdrawals a month for free before the federal government makes you pay $10 a transaction. I'm surprised there isn't a deduction for that, similar to CD withdraw penalties.
Originally posted by Bob Gray
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