My wife and I are in our mid-40s. Together we've got about $325K saved for retirement. Not great, I know. But I need advice on how to make my asset allocation more efficient.
I've got about $200K in my Thrift Savings Plan (TSP) curently allocated pretty evenly among the F fund (govt., corporate and mortgage-backed bonds - matches performance of the Barclays Capital U.S. Aggregate Bond Index), the C fund (large and medium US companies - mimics S&P 500), the S fund (small and medium US companies - mimics Dow Jones US Completion TSM Index), and the I fund (stocks from 21 developed countries - mimics Morgan Stanley Capital International EAFE Index).
I also have some money in Roth and Rollover IRAs at Fidelity, invested in Fidelity Contra Fund, Dodge & Cox Intl. Stock Fund, and Royce Value Plus Service Class (RYVPX).
My wife has a Roth IRA and SEP IRA invested in T Rowe Price Mid Cap Value Fund, Vanguard 500 Index Fund, Oppenheimer Main Street Class A (MSIGX), Oppenheimer Discovery Class A (OPOCX) and Oppenheimer Global FD Class A (OPPAX).
First, should I look to consolidate and reduce fees by rolling over my IRAs into my TSP? Second, should I keep any of the mutual funds I listed above, or just move the money into index funds across the board?