Quitting the Large-Cap Growth Habit
Dr. Don,
A recent self-evaluation of my retirement portfolio indicates that I'm way too inclined to invest in large-cap growth stocks and funds. I've been rebalancing to some extent and need additional advice on how to finish the task.
Both my wife and I are 37 years of age and we have two children (ages 8 & 5). Our annual combined gross income is approximately $115,000, and we have monthly mortgage & car payments totaling $1,600. I contribute the maximum to my company 401(k) (which matches 100% on the first 6%) and to a Roth IRA. My wife contributes only to the Roth. We have opened Uniform Transfers to Minors Act (UTMA) accounts for both children and contribute about $1,000 annually to those accounts. I have an above-average risk tolerance and a desire to retire at age 62. ...
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