asset allocation 51 retired

[zoro]

Current asset allocation

Cash          15.3%
Stocks        56.3% (26%US 30.3% Foreign mainly UK and Japan)
I Bonds       2.93%
Pension annuity 9.5%
Rental Property  15.8%

I dont get the pension for another 14 years.
Would you recco. upping the stock for someone my age?
Thanks in advance

[Freedomin5]

It depends.

What’s your risk tolerance? What is your current annual expense? Do you have a 2-3 year cash cushion that can help you weather the ups and downs of the stock market so you don’t have to touch your stocks in a down year?

If your dividends, rents, annuity, and bond payouts are more than sufficient to cover your living expenses, then sure, increase your exposure to stocks, if you have a higher risk tolerance. Consider a reverse glide path.

[Villanelle]

I agree with Freedom.  It depends.  Personally, I'd be at a higher stock allocation.

Is that Pension inflation-adjusted, or just a straight up $-figure annuity?  Are you still working?  For about how much longer? Why do you have so much cash? 

[JAYSLOL]

There’s a lot of variables, what does the rental property cash flow? What’s your total NW and the income you are withdrawing from it, and what do your expenses total?  Why so much cash?  Are you holding it while you look at picking up more rental property, or just burning through it instead of withdrawing from investments?  Or?  Almost need a full case study to get any useful advice

[MustacheAndaHalf]

Stocks        56.3% (26%US 30.3% Foreign mainly UK and Japan)

Between them, Japan (5%) and UK (4%) are only 9% of the world's stock market cap.  I would lower that allocation in a tax effcient manner, and diversify it.  I like ETFs, and in particular either Vanguard Total International (VXUS) or iShares Total International (IXUS).  The "ex-US" means without U.S. stocks.  Here is a "total world" ETF showing the weights of each country:
https://etfdb.com/etf/VT/#charts

Giving a hypothetical, let's say someone is single and earned $30,000 last year in taxable income (after deductions).  That leaves them $11,675 in the 0% long-term capital gains tax bracket.  If they have $20,000 worth of stock with a $10,000 gain, they can sell that stock and pay no tax on it (assuming it has been held over a year).
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates#2022-capital-gains-tax-rates-1032099269

My advice would be to diversify the international stocks into the entire world with IXUS instead of holding specific Japan and UK stocks.