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<<<You would even cut out the 15% I put into the Bond Index Fund????? >>>

Yes, for two reasons. One, over time equities do better than bonds. Time being greater than 10 years and since we're talking retirement, I'm assuming greater than 10 years. Two, bonds (and bond funds) can be and are just as volitile as equities. Given that, re-read reason one.

I am assuming that you've got the basic steps coverd, i.e., you have an emergency fund of cash. That would be 3-6 months worth of living expenses. And you are eliminating debt, especially credit cards. These things need to be taken care of before we debate investing.

As a footnote. When you get closer to retirement, that's when you start taking some money out of equities and put into cash, about 5 years worth. Decreases volatility and it lets you know how much you have to spend.

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