Postby Country_Bookie » July 18th, 2020, 12:38 pm
Those are 2 separate products that are not comparative. Tax incentive savings plans should be used to invest your before tax income, as this helps you reduce the monthly taxes you pay. However it's a long term plan and you have to pay back those taxes to the govt if you break it before age 50.
A money market fund is a mutual fund invested in mostly short term assets and therefore is very liquid. Mutual funds are a good place to save your after tax funds. Most financial planners recommend having 3 months salary saved in cash for any emergencies you may encounter before you start making long term investments like stocks etc.