Q: The government announced they will guarantee money market mutual fund deposits now after the Reserve Primary Fund “broke the buck.” What does that mean for people with money in money market mutual funds today?

A: We feel fairly confident that most mutual fund companies won't leave money market investors hanging in the wind. These funds are supposed to protect your money and always be worth $1 per share. If their fund does "break a buck," most companies are likely to ride to the rescue with an infusion of cash to maintain the fund's safety. And, now that The Treasury Department announced it will guarantee money market mutual fund deposits with $50 billion from the Exchange Stabilization fund, at least temporarily, every firm that participates in the program should have access to enough cash to do just that.

If you have cash invested in a money market fund, make sure it is one issued by a very large company, such as Vanguard or Fidelity. There's no question they will be able to infuse cash if necessary, which gives your a little extra peace of mind.

Get more details in Is Your Money Market Fund Safe Now?

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