First time poster...
30 yrs old, been 100% in equities since I started investing (4 years ago), and have built up a nice balance ($260k) between 401k ($80k), Roth IRA ($25k), and taxable ($155k). Everything in Vanguard.
Due to several years of high bonuses, I feel like my risk tolerance (and need to take risk) has decreased slightly so I want to move to an 80/20 allocation. My 401k offers the Vanguard Total Bond Market fund and the Value funds for Large, Mid, and Small cap stocks. Currently, the entire 401k balance is split between those 3 Value funds (with a small/mid tilt), with all of my other accounts holding a mix of Total Stock Market, Total International Stock Market, and International Small (VSS).
I've been debating whether to take all of my bond exposure in the 401k via the Total Bond fund or whether to spread some (or all) to my taxable account via Intermediate Tax Exempt. The reason for the debate is that I like the Value tilt and understand that there are tax advantages to holding Value funds in tax-advantaged space (though I don't know how much of one). Assuming I want to maintain a Value tilt in equities, any thoughts or considerations I should take into account in deciding whether to allocate bonds (Total/Tax-Exempt) between tax-advantaged and taxable (and correspondingly, Value funds as well)? Does the state tax on the Tax-Exempt make this a no-brainer?
Thanks for your time.