Let’s take a closer look at the benefits that money market funds offer over alternative investments.
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Check out the different types of money market funds here
Some money market funds with low expenses include:
These funds have a minimum investment of $3,000 in a qualified IRA, but the expense ratio ranges from 0.09% to 0.18%, which is much lower than the respective category averages.
By comparison, the Schwab Government Money Fund (SNVXX) has no minimums or transaction fees, but charges a net expense ratio of 0.32%, making it more expensive to own.
Follow our Money Market Funds Section to learn about money market funds.
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