Hi there,
This is my first post to MMM! I've been learning a lot from the forums and the blog, so thank you to those of you who take the time to help each other out.
My wife has been putting into a 403b at her work for a few years, and we originally just stuck it all into Target retirement funds. However, looking more closely, many of the funds that make up the Target Fund have high fees, very poor performance (such as PCRIX), and/or way too much in just cash/money markets. There are a dozen or so options for choosing specific funds, some of which are Vanguard funds.
For my own IRA, I only have Vanguard's Total Stock Market Index so far. There is no such option in my wife's account. Is the following mix reasonably diversified? And, are the first three Vanguard funds combined similar in comparison to Vanguard's Total Stock Market fund?
Stocks:
Large Cap (Vanguard S&P500 index VFIAX) 40%
Mid Cap (Vanguard Mid Cap VMGRX) 15%
Small Cap (Vanguard Explorer VEXRX) 15%
Foreign Large Cap (American Funds EuroPacific Growth RERGX) 10%
Vanguard Healthcare (VGHCX) 5%
Bonds:
Global Bonds (MWTIX) 15%
We are still quite young, so I don't think we mind having a high stocks allocation. Thank you for any advice!