Background - I’m 36, currently making around $61k a year after a recent nice raise. Might sound crazy but my financial goal is to retire with my husband at 62 if I can financially make it work. I currently have $24k in a cash balance pension from my current employer. And my retirement (which I’m sure like many others hasn’t been doing too much the last 6 months) is currently just under $111k ($21k of that is in a Roth 401k). I had adjusted my contribution percentages a while ago and not really sure if I like how I currently have them and was hoping for some insight. I currently have been doing:
60% large cap
10% international
10% small cap
10% mid cap
10% high yield bond
I had increased my large cap, which I was hoping would help since that’s usually the biggest growth potential (but also loses bigger) and I added the bonds, hoping maybe that would balance each other out. But I don’t know if I should not even worry about the bonds since I’m not planning on retiring for at least 20 years? If I were to get rid of that, should I put that 10% in the other 4 or should I add a little extra to international since it seems like that’s been doing a little better this year than everything else? Just curious thoughts from other people who understand all of this a little better.
Side note question - should I continue investing in my Roth 401(k)? I’m currently investing 16% + a 4% match for a total of 20%. 12% of that is going into my Roth. I think my husband and my tax rate will change next year though so we will no longer be in the 12% bracket so not sure if I should continue as I’m doing or change that as well?