[jively]

I agree that the REIT allocation is high. I like 10% of the stock portion be in REITs. REITs are stocks, not fixed income, even though they have a higher yield.

I don't like High-yield (junk) bonds at all. Along a DFA-type philosophy, the only reason for fixed income is to reduce the risk of the entire portfolio. If you want higher returns, have a higher allocation to stocks and a lower allocation to bonds. Thus, fixed income should be short- or intermediate-term and high quality. The premiums you get for term (long bonds) and credit quality (junk) are not high enough to justify the risk.

So, instead of the junk bond fund, use Short-Term Bond Index fund. (But for 5% it really doesn't make that much difference.)

Everything else is pretty good.

-Tom