Looking for a sanity check on my 403(b) allocation and whether simplifying to a 2–3 fund index portfolio makes sense. I’m thinking I would switch to VSMPX (70%) and VTPSX (30%). I know that I probably can’t change the Tiaa traditional easily.
CURRENT ALLOCATION:
US Stocks (~46%)
- 24.33% Vanguard Institutional Index Fund (S&P 500) – VIIIX
- 11.34% Nuveen Quant Small Cap Equity – TISEX
- 2.91% Vanguard Mid Cap Index – VMCPX
- 4.76% Nuveen Core Equity (active blend) – TIGRX
- 2.71% Nuveen Large Cap Growth Index – TILIX
International Stocks (~26.7%)
- 16.72% Nuveen International Equity Index – TCIEX
- 10.01% Vanguard Emerging Markets Index – VEMRX
Global / Misc Equity (~4%)
- 4.01% CREF Global Equities – QCGLIX
Real Estate (~12.1%)
- 9.08% TIAA Real Estate Account
- 3.04% Nuveen Real Estate Securities Fund
Bonds (~4%)
- 3.99% CREF Core Bond – QCBMIX
Guaranteed / Stable Value (~7%)
- 7.10% TIAA Traditional Annuity
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QUESTION:
Would you simplify this 403(b) into a 2–3 fund portfolio (US total market + international + maybe bonds), or is there value in keeping the current diversification (real estate + TIAA Traditional + multiple equity funds)? I’m not sure if I should change to a boggleheads approach or just stick with my vendors recommendations.
Time horizon: ~2055 retirement
Risk tolerance: fairly aggressive but want something I can stick with long-term