Rather than put all our cash into Money Market funds, I'm putting a significant portion into T-Bills via our brokerage accounts. T-Bill have maturities of 1 year or less and are paying around 5%. T-Bills can be purchased on the secondary markets in increments of $1000. T-Bills are guaranteed by the U.S. Government. T-Bills are very liquid, and can be sold quickly if cash is needed. Finally, the bid/ask spreads are very small, so that selling before maturity doesn't incur a penalty.
This is not financial advice. Please consult a professional advisor.
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