At some point before the winter of 2018-2019, we need to buy a piece of equipment, either a UTV or tractor, for the ranch. With implements, like a plow, we're probably looking at 10-20k. What do you think...do I pull it out of our taxable VTSAX and/or VTIAX now and stash it in the Ally savings account or wait until we are ready to buy?
Other factors to consider:
We reduced hours and income at work in July, so I don't think the 20k will look like extra income compared to last year, taxwise (I haven't run the numbers, though).
We have a CD ladder with one year's expenses and 8k of that will be available in August.
The local tractor dealership usually has 0% financing for its major brand...the green and yellow one...but do we want to take on a monthly payment? We have no debt currently.
I have been scouting for deals on used, but they are really scarce. If anyone has any tips on this front, let me know!