401k Portfolio Recommendation & Advice
Here is my current 401k portfolio:
BFA LifePath Fund 2060 (45%),0.066%
Russell 1000 Growth Index Fund (20%), Expense Ratio 0.021%
BlackRock Russell 2000 Index Fund (5%), Expense Ratio 0.090%
BlackRock Russell 1000 Value Index Fund (20%), Expense Ratio 0.021%
BlackRock MSCI EAFE Index Fund (5%), Expense Ratio 0.110%
BlackRockFund (5%), Expense Ratio 0.110%
For context, I'm a 1st year IB analyst/EB, intending to stay in IB/PE in the long term and planning for a retirement age of 65+. I have no outstanding debt/obligations, no student loans, and my family is in a reasonably well financial condition. My goal is to (aggressively) maximize my expected returns over a 40+ year horizon while keeping expense ratios low.
Any thoughts on my current allocations? I chose to leave out the S&P500due to its relatively higher expense ratio (0.090%) plus I think I'm reasonably well-allocated in U.S. through Russell 1000 & BFA LifePath. I also wanted to over-allocate a bit towards mid/ for (potentially?) higher returns due to the small-cap risk premium. Also, I purposely chose not to go 100% on the BFA LifePath Fund as I want to maximize my %equities in the portfolio for the next 10+ years.
The BFA LifePath Fund is ~35% international, so my international exposure is 45%*35 + 5% + 5% = 25.75%.
Would appreciate any advice or recommendations!