No offense to the hive mind, who seem well read and have interesting points, but do you not have a financial advisor?
Retirement funds are the kind of thing (IMHO) it's worth having a professional keep an eye on.
Generally not a bad idea, but that's one thing that I really like about Vanguard. They make diversification very easy through a huge range of funds and their educational materials are second to none. And, you also have the ability to use them for a more actively managed role.
I don't agree with them 100%, though. They've been, for a long time, pushing active management for my retirement account. So, just for grins and giggles I did their automatic "account review." And holy crap was I not happy.
My retirement through my previous employer includes a bunch of "core" funds that are Vanguard funds and any number of add on funds, one of which is the Dodge & Cox Stock fund.
D&C has been the single best wealth generator for me over 20 years of my 401k, far and above what anything else has done for me.
Well, Vanguard tagged my ownership of that fund (and yes, I have quite a bit of it) as a huge risk!
I also have a few other supplemental (non Vanguard) funds in my 401k, including some company stock.
Oddly enough, Vanguard tagged all of those as huge risks, as well.
Then they tried to hard sell me on active management with language that wasn't far off from "YOU'RE GOING TO LOSE ALL OF YOUR MONEY AND WILL HAVE TO EAT OUT OF GARBAGE CANS FOR THE REST OF YOUR LIFE!"
Yes, I'm getting a lot closer to retirement age, but I have a much higher risk tolerance than most people AND I fully intend to work well into my 70s. So I feel that I can afford to take bigger risks. That's not to say that I've not been moving some of my money into less risky investments -- I have been, but it's been a slow roll.
Needless to say, I didn't take Vanguard up on its offer...
Oh, I didn't even mention the price they wanted to charge... I THINK, but I'm not sure, at the time I looked into it a couple of years ago, it would have cost me somewhere between $300 and $500 a MONTH (it's done by percentage of your holdings, so it's a sliding scale) just for them to get rid of my biggest wealth generator and dump it all into Vanguard funds.
Holy hell I can do that myself.
Hard no thanks, Vanguard.