I'm 49 and plan to RE late next year. I'm comfortable with my portfolio and pension numbers and now reviewing my allocations. I feel like I should probably reallocate, but don't really want to given how well the stock market is performing. So looking for some perspectives/feedback/input. Here's my current accounts/allocations:
401k (~$600,000): 84% in Growth, 16% in Balanced (ongoing contributions are at 53%/47%)
Mutual Fund ($221,000): 86% Large Cap, 14% Balanced (ongoing contributions are at 56%/44%)
VG Total Stock Market Index ($16,000): 100% Stocks (ongoing contributions 100% stocks)
Roth IRA ($10,000): 'Growth' (no ongoing contributions)
Traditional IRA ($23,000): 'Aggressive Growth' (no ongoing contributions)
I understand the rule of thumb for asset allocation is 110 minus your age so that probably means I should reallocate those bigger accounts to a 60/40 split. But again, hate to lose out on the stock market gains. Perhaps I could compromise at a 70/30 or 75/25 split.
I don't feel particularly savvy in my approach which has basically been to save a bunch and let it ride, so really would appreciate any input on how to approach managing these funds moving forward.
Thanks!