Greetings,

I'm 23 years old and have an inherited IRA held at TIAA-CREF. From this account I receive a relatively small required minimum distribution annually. I'm looking for an allocation that will provide moderate growth, but because some money is coming out annually, I don't want to be fully invested in a market index fund.

I am considering the following allocation, rebalanced annually:

40% - Equity Index (US)
15% - Global Equity
15% - Real Estate
20% - Bond Market
10% - Inflation-Linked Bond

My investment choices can be found at: http://www.tiaa-cref.org/performance/retirement/index.html#crefvariableannuities under the annuity headings.

Basically, my question is if this seems to be a reasonable allocation or if I'm doing something foolish here. Any advice or opinions would be most appreciated.

Also, I'd consider moving the account (if that's even possible) to another broker if there are significantly better investment choices available elsewhere.

Thanks,
~X