So my finances are in order, all retirement accounts and HSA's are maxed. Asset allocations are all set.
As we have some extra funds, my wife and I would like to begin stashing away money towards a down payment on our future retirement house (in a much warmer climate). We are thinking that within 5-7 years we'd like to access this cash. I am not overly risk adverse (I am 48, with is 50). Our AGI is around $120K.
I was starting to stash our extra cash in Vanguard STAR Fund (VGSTX). We have about $10K in that, another $10K ready to invest. Since I sold my non-mustachian hot rod, another $17K in the lurch too.
I read that because of the bond exposure VGSTX isn't really suitable for a taxable account. Do I really need to me overly concerned about that? If so, what other suggestions are available if I want a 50/50 or 60/40 stock/bond ratio? I understand the premise of the reasoning but rules are sometimes meant to be broken.
Ideas/Suggestions on a fund/funds are welcome....
Thanks!