Help! My Portfolio Needs an Overhaul!

Dear Dr. Don,

I enjoy reading your articles on TheStreet.com and could use some advice. I'm 38, married with two kids, ages seven and three. I provide the sole income ($72K) for our family. I'm in the midst of trying to get my portfolio diversified and need some help.

I realize I'm sitting on a lot of cash. That cash position is largely due to an IRA rollover that I didn't know what to do with. My primary concerns are investing for retirement at 62, and being able to have a $50,000 annual income in today's dollars. I max out on my 401(k). Additionally, I make the maximum allowable contributions to Roth IRA accounts for my wife and I. ...