MO-RN wrote:Our current AA is almost 100% equities.
100% equities at your age (at any age really) is not good. A general rule of thumb is to hold your age in bonds. As you age, your portfolio becomes less volatile.
MO-RN wrote:Given our income ($150K/year) and our projected retirement age (62 years), should we be saving more?
Hard to answer. How much do you want to have by age 62?
MO-RN wrote:Is our allocation too aggressive?
Yes. You need bonds.
MO-RN wrote:Is there a preferred model portfolio?
Yes. Here's an example of some http://www.bogleheads.org/wiki/Lazy_Por ... portfolios
FWIW, my wife and I are 35 and have nearly the same sized nest egg. Our portfolio is 35% bond funds (TIPS and Total Bond Market Index) and 65% stocks (of which, 70% is US total stock market index and 30% international index fund). When stuff gets out of whack, we rebalance, forcing us to buy low and sell high.