Hello everybody, I stumbled upon this site about a month ago and found this site to be very resourceful so I decided to join. First I'd like to thank everybody here for their very informational and sometimes comical posts. I apologize in advance if some of my posts does not make sense. I consider myself a newbie with all these financial and investing stuff.
Some info on myself and wife:
-Both are 35 and have about $100k combined in our 401k style plan at current employers.
-Both have a company pension with about $70k combined.
-No children yet but planning in the near future.
-Hope to retire by 55 y/o (I know I've got a long way and lots more to save)
-Currently contributing about 15% of our incomes to 401k.
As of now, both of our 401k allocations are 100% stocks. (mutual funds) 40% large cap, 25% mid cap, 25% small cap, and 10% international. We are both very risk tolerant and have a long way to go. However, recently I stumbled onto an article stating that every portfolio should have some kind of bond fund and if you don't you are not diversified enough.
So my question is, am I diversified enough? Should I reallocate to 80% stocks and 20% bonds or something of that mixed. Like I said, we are both very risk tolerant and would like the best return for our money. Any suggestions would be greatly appreciated!! Thanks again!!
Btw, our options in our 401k is only those funds I mentioned, and a bond fund, and an inflation protection fund.