National Tax-Exempt Money Market Fund

(redirected from Tax Free Money Market Funds)

National Tax-Exempt Money Market Fund

A mutual fund that invests predominantly or exclusively in municipal bonds with maturities of less than one year. Tax-exempt money market funds are intended to provide a return at little risk (compared to other investments) that is nonetheless better than the risk-free rate of return. Because it invests in municipal bonds, dividends from the fund are tax-free at the federal level (though they may be subject to state tax unless all bonds in the fund are issued in the state where the holder resides).
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January 1993 JAN JAN 1994 1993 % % Expectation for market in next year Total Rise 62 63 Total Fall 7 17 Stay the Same 30 17 Portfolio Allocation Stocks/Equities 56 50 Bonds 17 23 Cash 27 28 Impact of Clinton Administration One Year From Now Better Off 28 19 Worse Off 24 22 About The Same 44 57 Tax Reduction Vehicles Municipal Bonds 29 30 Employee Sponsored Plans (401K) 31 35 IRA's 37 29 Keoghs 7 6 Interest Deduction on Residential Property 29 27 Tax Free Money Market Funds 25 -- DK/Refused/None 18 17 BACKGROUND INFORMATION QUICK & REILLY, INC.