Hey Bogleheads,
I'm currently a college student, and am looking to maximize my gains on a short time horizon. Currently, I have maxed my Vanguard ROTH IRA (VXUS + VTI) and have about $20K sitting in a HYSA with Marcus by Goldman Sachs to account for post-graduation moving expenses (I estimate I'll need about $30K to get comfortably set up).
My graduation date is May 2027, and I am planning on saving another $20K by then. I am also considering pursuing a Fulbright Scholarship or other post-grad travel program which would delay major moving expenses by 1-2 years. With this in mind:
1. Should I move my money from a HYSA to a CD, Treasury Bond, etc. considering the uncertainty of my time horizon? And if so, how do I choose between these options?
2. Should I move the entirety of my HYSA or just a piece? Currently, I'm thinking of this money as a pooled emergency fund and prep for major life event. Right now though, I don't have any living expenses, have insurance, and have family that could support me if some major unexpected medical bill came up or something similar, so I'm not sure if it makes sense to have an emergency fund sitting in a lower-interest-rate account.
3. Are there any relevant tax implications in making this decision? I don't have any other investments than my ROTH and HYSA, and am hoping to hire an accountant to do my taxes this year, but want to make sure I'm not shooting myself in the foot with this decision.
Thanks in advance! I've been a long-time lurker, and am excited to get some feedback from this community.