From: "Jon" 
Newsgroups: misc.invest.financial-plan
Subject: 401k Question from newbie
Date: Thu, 9 Feb 2006 13:43:30 -0600
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Hi folks, despite the fact that some of the discussions are a bit over
this newbie's head I really enjoy this forum and appreciate the sharing
of knowledge.  I have a couple of questions:

1)  I am wondering if I should adjust my 401k allocation.  I am 36,
contributing 12% of my pay, and using a "growth"-type model.
Unfortunately I am a latecomer to saving for retirement, with only $27k
in my account thus far (although I do plan to increase this witholding
closer to 20% and just set up a Roth IRA).  Here are my allocations:

   45% AF GROWTH OF AMER R5
   25% FID DIVERSIFIED INTL
   17% FIDELITY MIP II CL 3
   8% DODGE & COX INCOME
   2% COMPANY STOCK FUND
   1.5% TRP SM CAP STOCK
   1.5% SPARTAN US EQ INDEX

As I probably won't retire for at least another 30 years, should I
should be more aggressive with these?  I think I could be pretty
tolerant of fluctuations in the market, although having said that...

2)  ...would it be smart to periodically tweak my allocations in
response to said market fluctuations?  IOW, if an aggressive 401k
strategy is taking a hit, go more conservative, and vice versa?

Thanks in advance for any wisdom anyone can share on this!
--Jon