A little more information would be helpful. How much do you need to withdraw from your retirement savings to meet your monthly expenses? Is all of your savings in deferred accounts (401k) or is at least some of it in a Roth or a taxable account. This makes a difference which respect to where to invest for the best combination of return and tax efficiency.
Regardless of your answers, you have a quite agressive asset allocation for your age. Most advisors would not recomend more than a 50% equity allocation and some would advise only 40% or less based on the "age in bonds" rule of thumb.
With an advisor costing 2%, that would entirely wipe out any bond returns in our current interest rate environment. There is no need to hire an advisor to tell you to put your money in total bond market, or intermediate or short term treasuries, or TIPs. Do you have a good bond option in your 401k?
Is there a stable value option in your 401k that pays perhaps 3% - that would be a viable alternative.
Lastly, welcome neighbor. I'm only a couple zip codes way. There is a fairly active Bogleheads group in the Twin Cities and their quarterly meeting is tomorrow in Oakdale.
You are welcome to bring your questions to the meeting and get input from a number of intelligent, unbiased investors. If you can't make it tomorrow, we meet quarterly.
Here is the meeting blurb:
assuming the snow melts enough to travel on the roads and get us out of our igloos... we'll meet!
Hello, MN Bogleheads!
The "Main" MN Bogleheads group is meeting on Saturday, May 4, from 12:00-2:00, at the Oakdale Library. directions: http://goo.gl/maps/PAmaK
Oakdale Branch Library, 1010 Heron Avenue North, Oakdale, MN 55128
NOTE: this starts at noon, not our usual 10:00!
See the attached agenda.
Future mtg schedule: 1st Saturday every 3 months:
Please RSVP so we can plan in advance for how best to set up chairs in the library room, etc.
We hope you can make it!
MN BH ST (MN Boglehead Steering Team)
Visit us at http://www.Bogleheads.org