Where to Put Money for Future Home Purchase
One of my family's major financial goals is to save enough money in taxable accounts so that we can purchase a house with cash when I retire from the military (anywhere from 5-7 years depending on assignments). I currently have the majority of our "house fund" money in Vanguard's Wellesley Admiral Fund (VWIAX). I realize that many would likely advise against using this for a taxable account because it throws off a fair amount of taxes each year, but my goal is to strike a reasonable balance between growth and risk...I want to see the money grow, but I don't want to have huge swings with such a short time horizon before I expect to use the money. So, my questions is, if you were in my shoes where would you park the money given the information above?