Hello all .. my hubby and I have been earning to spend and we've recently switched over to saving to live! I'm currently looking at our 401K investments and wanted some feedback on the allocations.
My 401K - 330K (95% Stock, 5% Bonds)
Hubbys 401K - 150K (75% Stock, 25% Bonds)
I have an inherited SEP IRA that is 110K and entirely in bonds
So apprx 20% of our portfolio is in bonds.
We are in our late 40's and hoping to be FIRE in the next 5-7 years. My hubby's company will match 401K contributions 100% for the first 20% contributed. His 401K plan is with Vanguard and he has a ton of options. I do not have any bond fund but there are Retirement target funds where the allocation of assets is mostly bonds if the retirement target year is sooner rather than later.
I am a fairly risk tolerant person .. or I have been but my thinking was always that we were 20 years away from retirement! I realize that I have to adjust my thinking and our asset allocation as well.
Thoughts would be appreciated!
- L
