There are three reasons "I" would not be comfortable with your allocation (repeating some of what has been said).
1) Assuming you are a ways off from retirement and given you are behind in savings, your bond/fixed income percentage is probably higher than should be if you trust historic data and if you can handle market volatility. For myself, I'd go with 80% equities then start slowly transitioning to my retirement allocation when I got to within 10 years of retirement, but this is a complex and controversial topic. Still, from where I'm sitting, 80% equities fits within your risk tolerance of a "motorcycle with helmet". Also, it is an exceptionally poor time to be in intermediate or long-term bond funds given interest rates can only go up (but 99% of the time you should ignore near-term market happenings).
2) I can't tell what the rational is for your particular allocation, but I'd be aiming for broader diversification adding REITS, emerging markets, and significantly more international in general (there is solid research for doing this). Remember, no one knows which asset classes will do best next year.
3) Your expense ratios are too high. You are paying over twice as much as you should if you want to be a savvy index investor. Over time this will add up to tens of thousands of dollars. The only way to fix this is to change funds.
Considering the above, the below is just one very quick pass using Vanguard funds. The point is not any specific allocation, but lower expenses, broader diversification, and accepting more market volatility (with less bonds) to boost your return to meet savings goals.
20% VFSTX -- Vanguard Short-Term Investment Grade Bond Fund
10% VGSIX -- Vanguard REIT Index
6% VIVAX -- Vanguard Value Index ($3000 minimum required)
6% VISVX -- Vanguard Small Cap Value Index ($3000 minimum required)
6% NAESX -- Small-Cap Index ($3000 minimum required)
6% VTRIX -- Vanguard International Value Index ($3000 minimum required)
18% VGTSX -- Vanguard Total International
28% VTSMX -- Total Stock Market
As a separate topic, the forum was trying to explain to you that your adviser's interests are not aligned with yours (allowing you into high-expense funds is already a result). No matter how great a guy your adviser may be, experience shows (over, and over, and over) this is a very bad arrangement to be in. If you feel you owe your adviser something, send him a "thank you" gift, but it is hard to argue with a recommendation to avoid advisers whose interests conflict with your own.