How to Manage Your Asset Allocation

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All money directed at one goal, like retirement, should be managed as one asset allocation. We are aiming for an 80-20 stock to bond ratio in our portfolio. Unfortunately, though, my only bond option in my employer accounts from my 401k and 457b is metropolitan West's total return bond fund or MWTRX. Would you recommend transitioning the majority if not all of the 401k to that fund despite the relative high expense ratio? Or would you recommend using the taxable account for bonds knowing that it will be lower cost, but maybe not quite as tax-efficient? My 401k does have lower cost funds available for stocks such as VTI.

Today we are answering your questions off the speak pipe. Many of those questions are in regards to asset location. We talk about weighing tax efficiency against higher returns in your accounts and Dr. Dahle reminds you not to let the tax tail wag the investment dog. We answer questions about high yielding ETFs, QLACs, 457s, non qualified deferred compensation plans, and bonds with high fees.

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