My wife and I would like to do a substantial home renovation in 4 to 7 years time. We love our house and neighborhood, so would prefer this to moving.
Knowing this, and knowing I'd still max my 401k, should we be saving in a 5 yearish investment (there are some Vanguard funds that do this)?
Would it make sense to not have additional investments while we save for this? Not sure of the balance.
How did you do it if you have? Thanks!
You can put the money anywhere you would like. More risk is ok, just know you may not be able to do the renos when you want if you have any risk of losing capital.