this post was submitted on 25 Sep 2024
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TDF for house down payment (lemmy.world)
submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]
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Is a TDF a good choice for growing my money, in this case? I plan to use it for a house down payment and withdraw it in 5-7 years. I've been thinking of putting it in a 2030 or 2035 TDF. Should I go this route or just VTSAX and chill?

Background: USA, I will be saving in a taxable account, and I want to minimize my tax liability as much as possible.

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[–] [email protected] 2 points 1 month ago (1 children)

Yup, that's basically what I'd do. And instead of "tapering," I'd just sell and "freeze" the assets in CDs/treasury bills once you have a firm timeline less than 5 years. The extra year or so of potential gains isn't really worth the risk of a major correction just before buying.

[–] [email protected] 1 points 1 month ago

Makes sense!