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That's not something you see every day. Methinks there's a sense of panic in the air......as there should be when promoting a meme stock with zero (or even negative) fundamentals.DJT has filed instructions on how to prevent shorting of the stock.
2 steps are common and typical - move stock to the cash side (from the margin side), discontinue securities lending program.
2 other steps mentioned may have fees - moving stock to the transfer agent or bank.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000114036124020401/ny20026576x5_8k.htm
Can VUSXX be used as settlement fund at Vanguard?VUSXX has virtually the same yield as VMFXX (this has been true for several months), and is mostly state tax exempt.
In a moderate (5%) to high (10%) income tax state, the fund can save 20-40 basis points in taxes (assuming the fund is 80% invested in Treasuries and yields stay above 5%). It may not be worth shopping different institutions to gain a few basis points, but moving from VMFXX to VUSXX can be done overnight and doesn't involve multiple institutions.
https://investor.vanguard.com/investment-products/money-markets#mm-rates
Of course this only makes sense in a taxable account.
I struggle a bit with how much money I want to hold in a Brokerage MM fund. None of it is insured, so you have to basically trust that the brokerage investors will do an excellent job of how to keep the MM money as safe as possible, without government insurance for protection. The great majority of my brokerage investments are in an IRA, and in general I choose to only hold an amount in my MM that equals the RMD amount for that year. Everybody has their system they believe in, but for now, I prefer the safety FDIC insurance of my CDs, even though I might get "a few tenths of a percent" more in that MM.I am redeeming cds as they mature and moving the cash to my VG MM fund, 5.27%. If cds start paying better than the MM, I may invest again at my cu. I only buy cds at my credit union. It has always paid a good rate. I will not shop around for a few tenths of a percent.
As you wrote in the cited link, "So, this new 590-B dated 3/25/21 makes things clear."There was indeed confusion in early-2021 and there were revised versions of IRS Publication 590-B [
https://www.irs.gov/pub/irs-drop/n-24-35.pdfSome individuals who are owners of inherited IRAs ... [misunderstood] the new 10-year rule. ... Specifically, [they] expected that the [new] 10-year rule would operate like the [old] 5-year rule. [They though that] there would not be any RMD due for a calendar year until the last year of the 5- or 10-year period following the ... death of the eligible ... beneficiary. ...
[B]eneficiaries of individuals who died in 2020 explained that they did not take an RMD in 2021 and were unsure of whether they would be required to take an RMD in 2022. [They] asserted that ... the Treasury Department and the IRS should provide transition relief for failure to take distributions that are RMDs due in 2021 or 2022
Your link provided doesn't even mention MOVE, so it's unclear what you tested and why it "isn't accurate"?Unfortunately Move isn't accurate and can't tell you when to get out in a timely manner and why I don't look at it.
Link
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