Money market for emergency fund

[jp03]

Originally Posted by k374

it's a savings account and 33% is my marginal rate (24% Fed + 9.3% CA state)... California income taxes are astronomical, the 9.3% rate starts at $52,000 in income.

oh ok..you are adding both.....but again not to be ignorant but if you sold a gain on a stock how is it different>?

[k374]

thanks for all the responses, will be moving all my cash holdings from my savings into VMSXX. At this time I don't want to invest in anything related to California. California is a bankrupt entity so always nervous of dealing with it.