Brace yourselves for some really naïve questions here. I sat down this morning and went through the funds in my 401k-something I never do. But I believe it was last year they went away with the Vanguard Target Retirement Funds. Below is what I'm currently invested in. I am trying to understand what my AA should be? 60:40 (I'm 39 years old)? Based on the below, I'm currently 97% stocks correct?
Should I do away with any particular funds altogether due to the fees? If so, which ones? Should I go by a certain threshold (i.e., any fund above 0.05%)?
Lastly, I see that my employer has State Street Target Retirement Funds available. Since I am pretty hands off with investments and like to "set it and forget it", should I consider moving everything into one of these funds instead? The ER on the State Street Target Retirement fund is 0.10% compared to Vanguard's 0.14% (again, which is no longer an option through my employer). I haven't done any research on the performance of State Street's funds versus Vanguard's yet though. I really appreciate any insight here.
Stock: 1% (Company stock: 0.00% ER)
International: 33% (Vanguard Institutional Total International Stock Index Trust: 0.06% ER)
Mid/Small U.S. Equity: 28%
*12% is in Diamond Hill Small-Mid Cap Fund [DHMYX]: 0.81% ER
*16% is in Vanguard Extended Market Index Fund: 0.04% ER
Large U.S. Equity: 35% (Vanguard Institutional 500 Index Trust: 0.01% ER)
Balanced: 2%
*1% is in GMO Global Asset Allocation [GATRX]: 0.61% ER
*1% is in PIMCO All Asset Fund [PAAIX]: 1.005% ER
Bond: 1% (JPMorgan Core Bond Fund [JCBUX]): 0.35% ER
Capital Preservation: 1% (Short Term Investment Fund: 0.12% ER)