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- For the 401(k), my employer will match 100% up to 4%. I had planned to contribute 6%. The extra 2% was a bit arbitrary, would anyone recommend only 4%, 5%, or higher?

The rule of thumb around here is up to employer match and then stop. Money is tied up, fewer choices, etc., etc. That 2% can go for things like an emergency fund (3-6 months living expenses), paying off mortgage/credit cards/other debt, or plan old brokerage account.

... my proposed allocation is as follows:...

If you look at what those funds invest in, there will be some overlap between the 500 Index and Low Priced Stock and would guess some overlap between Low Priced Stock and Small Cap. You could easily mimic the target dated fund by 35% Total Market Index, 35% International Index, and 30% Total Bond Fund, or some percentage variation. Rebalance quarterly/annually.

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