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-acco... Blue Binder Video:    • The Blue Binder: How to Prepare Your Finan...   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? Join the Newsletter. It's Free: https://robberger.com/newsletter/?utm... Financial tools I use: I track all of my investments, performance, fees, and asset allocation with Empower. It's Free: https://robberger.com/empower My retirement plan comes from New Retirement, the most robust retirement planner available at a reasonable cost: https://robberger.com/new-retirement I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free: https://robberger.com/capitalize My budgeting tool of choice is Tiller. It downloads all your banking data to Excel or Google Sheets: https://robberger.com/tiller We save and invest our credit card rewards. Here are some of my favorite credit cards: https://www.allcards.com/best-credit-... My Book (Retire Before Mom and Dad): https://amzn.to/4d9qbhA #retirement #investing #robberger 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) LET'S CONNECT Youtube:    / @rob_berger   Facebook:   / financialfreedomguy   Twitter:   / robert_a_berger   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. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.