Read this on why holding cash is bad for long term portfolio growth. (Edit: you can disregard their salespitch to invest with Betterment)https://www.betterment.com/resources/investment-strategy/the-real-cost-of-cash-drag/Then read this on why holding bonds in a taxable account is not optimal (still doable, but not the best option).https://www.bogleheads.org/wiki/Tax-efficient_fund_placementhttp://www.schwab.com/public/schwab/nn/articles/The-Importance-of-Tax-Efficient-Investing
Thanks for the input. The debate on where to put bonds is interesting. Would you recommend a single bond fund or splitting into multiple bond funds? Like a mix of short, long, muni, tips. I would like to keep the portfolio simple.