I hear more talk about the recession coming, which seems long overdue. I'm prepared, I keep reminding DW that it will come, it's not a matter of if but when. We've been investing since 2000, so seen some ups and downs and have just stayed the course, and will continue to stay the course of consistent low cost index fund investing. We're pretty much in 100% stocks though, minus 6 months or so of emergency savings. We have my TSP, Roth IRA, her 401k and post-tax investments then emergency funds (that's the only part that's just in a 2% money market at Capital One). The plan is to keep working for at least another 19 years at which point I'll have 30 years in the gov't and can retire at 58 w/full benefits. I heard a few say that they consider their pension as the "bond" part of their retirement. So is there any reason to not have 100% in stocks? I realize I'll take a bigger hit during a recession, but if I won't need the money for another 20 years. Even at that point, earning 7%/year we'll have more than double the money we would need to retire, so through retirement, is there any reason to not just let it ride forever?
If you are asking yourself, we could probably technically retire in 10 years, but at that point our 2nd of 3 boys will be in college and we enjoy working for the most part and keeping busy. That may change, but for now the plan is to keep working. Any reason to not let it ride at 100% stocks? Or should I be re-thinking asset allocation and change it up and put some money in bonds? Any advice is much appreciated!