Yellowjacket
Dryer sheet wannabe
Here is my situation and I am looking for advice.
I am 43 years old with a wife and three kids. Retirement portfolio $500k in 401k.
25% S&P 500
25% Russell 1000
20% US Small Cap
20% MSCI EAFE foreign large cap
10% Barclays US aggregate bond index fund.
Contributing $30k/year with a small pension $1000k/month in retirement. College funding is on track and we have very little personal debt. Will be debt free in less than 10 years. In general my tolerance to risk very high. (I don't panic with market fluctuations.). I would like to retire at 57 once the youngest child is out of college.
Option 1: Keep current AA. If it over performs retire at 55 if it under performs retire at 60.
Option 2: Increase bond allocation to reduce risk and also reduce potential reward.
Questioning how aggressive I should be with my AA.
I am 43 years old with a wife and three kids. Retirement portfolio $500k in 401k.
25% S&P 500
25% Russell 1000
20% US Small Cap
20% MSCI EAFE foreign large cap
10% Barclays US aggregate bond index fund.
Contributing $30k/year with a small pension $1000k/month in retirement. College funding is on track and we have very little personal debt. Will be debt free in less than 10 years. In general my tolerance to risk very high. (I don't panic with market fluctuations.). I would like to retire at 57 once the youngest child is out of college.
Option 1: Keep current AA. If it over performs retire at 55 if it under performs retire at 60.
Option 2: Increase bond allocation to reduce risk and also reduce potential reward.
Questioning how aggressive I should be with my AA.