Where Should You Keep Your Cash? Savings Accounts vs. Money Market Funds (FQF)

In today's Five Question Friday (FQF), we have another five great questions from viewers:

1. Why use a high-yield savings account when Vanguard's VMFXX pays more?
2. Is it better to invest Bonds in traditional 401k or Roth 401k?
3. How do you differentiate between a short-term correction and a prolonged Bear Market?
4. In retirement planning, what inflation rate should we use?
5. How can we educate our spouse about our finances?

Savings Accounts: https://www.allcards.com/savings-accounts/
Blue Binder Video: https://www.youtube.com/watch?v=MbJWil43HmU&ab_channel=RobBerger

0:00 - Intro
1:25 - Why use a high-yield savings account when Vanguard's VMFXX pays more?
7:58 - Is it better to invest Bonds in a traditional 401k or Roth 401k?
10:19 - How do you differentiate between a short-term correction and a prolonged Bear Market?
12:26 - In retirement planning, what inflation rate should we use?
20:48 - How can we educate our spouse about our finances?

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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