Invest cash (60% of portfolio) in Money Market funds or buy short term T bills?

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nyc212
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Invest cash (60% of portfolio) in Money Market funds or buy short term T bills?

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Spouse is currently employed (age 74), so income tax rate is highest bracket and we prefer growth stocks instead of interest/dividends, but we are 60% risk off in this market.

To date, we have always invested our cash in Money Market funds, have never purchased T bills.

However, currently, Schwab Money Market funds are paying just under 4%. SNAXX = $3.96%, SWVXX = 3.81% while 6 month T bills are paying 4.65%.

Should we shift our several million dollars of MM funds to 6 month T bills?

Of what considerations, other than the T bills will need to be rolled over, should we be aware?

Are there any particular pros and cons for buying T bills in taxable v. retirement accounts?
nyc212
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