We have held other Vanguard Tax-Managed funds (Growth and Growth & Income) for years. We bought them when we had some extra cash and didn't want to increase our concentration in our other taxable accounts, plus the idea of getting some decent appreciation with minimal tax impact was appealing. They have done OK and definitely manage things to throw off minimal capital gains and dividend distributions, which is where the tax-managed aspect is nice.
In an IRA, that doesn't really matter. So I'd pick whatever fund meets your needs for your asset allocation regardless of tax-managed or not.
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"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
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ER'd Oct. 2010 at 53. Life is good.
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