I have an employer sponsored 457(b) plan through Voya. Since I started this job (April 2013) I've had my deferred compensation going entirely into their target date 2045 retirement fund with an ER of 0.44%.
I plan on leaving this job within 19 years (15 years prior to the target date) and may use some of this fund to support my FIRE plans until my pension kicks in somewhere around 2045.
I'm considering changing from the target date fund to three different funds all with similar expense ratios (+/- 0.02% of the target date fund): SSgA Russell All Cap Index; SSgA Global Equity ex US Index; SSgA US Bond Index. My intended balance for this at the moment (28 years old, again leaving in <19 years) would be 50%, 40%, 10%, respectively.
My thought behind this is, 1) I'm not sure given my other investment and forthcoming pension that the reduced volatility of the target fund is necessary for me (I feel like I'd rather adjust allocations on my schedule as it's non-traditional) and 2) I am supplementing this account with taxable investments through Vanguard (currently only VTI but only had the Vanguard account for a couple weeks).
So questions:
1) Is this a reasonable allocation balance
2) Is there any reason I should not do this that is foreseeable?
3) Anything I'm missing/need more info?
Thanks guys!