What is SPAXX?

Hello! I noticed in my IRA account there is a Fidelity Government Money Market Fund (SPAXX) and it’s paying monthly dividends. Should I go ahead and invest money here or should I just continue placing my money on my target-date index fund ? And what is SPAXX exactly?

Hi @IK15!

You should fully invest the money in your IRA, and not leave it in the money market fund! Check out the article below!

I hope this helps!


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Thank you so much for clarifying this!