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I am in the same situation. One thing to consider is your tax bracket. I am transferring out of a growth fund into a muni bond fund with a yield of 5.17% (which is approximately equivalent to 6.5 - 7% yield on a taxable fund). I will have to pay taxes on my pretransfer gains, but will not have to pay taxes on any gains when I liquidate for down payment. I may be all wrong on this, but it seems to make sense to a simple mind like mine. I'd appreciate any other thoughts, since I'm making the transfer in the next couple of days.
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