Greetings all! Been lurking for awhile and really appreciate all of the good information here.
Quick question: I have maxed out all tax advantaged accounts (my SEP-IRA, wife's 401k, etc.) and want to start setting aside an account to build up a nice down payment for a house.
Since I will be using these funds within the next 5-10 years, will it hurt to put the funds into a taxable account at Vanguard so that the money will "work" for me? If so, what funds would you invest in? 75% Total stock market and 25% muni bonds? Should I just leave it in a 1% savings account?
Thanks in advance!
Quick question: I have maxed out all tax advantaged accounts (my SEP-IRA, wife's 401k, etc.) and want to start setting aside an account to build up a nice down payment for a house.
Since I will be using these funds within the next 5-10 years, will it hurt to put the funds into a taxable account at Vanguard so that the money will "work" for me? If so, what funds would you invest in? 75% Total stock market and 25% muni bonds? Should I just leave it in a 1% savings account?
Thanks in advance!
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