Lazy Portfolio?

[Skooby]

Hello.

I just want to see what you all think of this:

So...I already fully fund my Roth IRA with T Rowe Price 2040 Retirement Fund. I know the expense ratio is high (0.75%). I started it when I first got into investing and at that time T Rowe Price would let you start with just $50 a month. I now fully fund it with $500 a month for the first 10 months. I have been thinking about changing it...to what? I don't know. But I do like the fact that they are actively managed so I may keep it.

But I do want to start a 'lazy portfolio' with ETFs in addition to my Roth. I will probably open an account with TD Ameritrade to take advantage of their commission free ETFs. Here's what I'm thinking:

Vanguard Total Stock Market ETF (VTI); Expense ratio: 0.05%
Vanguard MSCI EAFE ETF Shares (VEA); Expense ratio: 0.09%
Vanguard REIT ETF (VNQ); Expense ratio: 0.12%
iShares Core Total U.S. Bond Market ETF (AGG); Expense ratio: 0.08%

I'm going to invest in $4,000.00 increments with the asset allocation as follows:

40% Total Stock Market ETF (VTI)
28% iShares Core Total U.S. Bond Market ETF (AGG)
24% Vanguard MSCI EAFE ETF Shares (VEA)
8% Vanguard REIT ETF (VNQ)

So what do you guys think about the allocation and the lazy portfolio picks? I have been thinking about adding an emerging markets ETF to it.

[DJFlare99]

If this is held outside of tax-advantaged account, you may want to rethink bonds and REITs if you want to minimize taxes.

Ideally, hold your income producing assets inside tax-advantaged accounts and buy and hold equities outside

[Bichon Frise]

you only have one portfolio. At least you should. Everything you have should be considered as a whole. And then you dump certain things into various buckets to "optimize" taxes.