I also have 18,000 in short term CD's and 5,000 in liquid cash. I have a 80,000 fixed rate mortage,I have no credit card debt and my car is paid off. I have self directed myself and everything I have for retirement is in agressive funds/company stock which I willingly did knowing the risks. You don't sound all that aggressive to me, what with $23,000 in cash equivalents. Why not just use some of your cash to buy a Roth for the present, or even for the next few years? Once you reduce the cash a bit, then it makes sense to reduce the 401K to 5%, but if you are getting a really good price on the company stock, why mess with a good deal? You know that you will have to pay taxes on the amount you take for the Roth, I am sure.What are your "aggressive" funds? At your age and your state of preparedness, you shouldn't have to roll the dice. Just solid investments should put you in a very good position come retirement.How long do you have to hold the company stock? I have never been one to put too many eggs into one basket. The same thing that could affect your job could also affect the stock. With almost 50% of your assets in a single stock, you need to diversify, if possible.
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