Hoping to get a critique of my current asset allocation. As background: I'm 45 and have been saving aggressively to retire early. I have a pretty high risk tolerance and have been 100% equities throughout most of my accumulation phase. Early last year, seeing that I was approaching a point where I felt comfortable retiring, I shifted to the following asset allocation hoping to de-risk a bit and focus more on income as I transitioned into retirement:
* 50% global equity (VT)
* 10% US small-cap value (AVUV)
* 5% Intl small-cap value (AVDV)
* 10% preferred shares (PFFD)
* 10% REITs (VNQ)
* 10% global bonds (BNDW)
* 5% money market
Late last year I started (belatedly, in retrospect) looking at actual execution on my retirement plan and realized I wasn't actually positioned to execute yet. I'm sitting in 99% tax-advantaged and had vague plans to use some combination of a Roth ladder and 72(t) to get the money out, but the mechanics of that don't work just yet. I've decided to cut back work for a couple of years while I get a Roth ladder started, just covering expenses without adding additional capital to the portfolio. In the meantime though, I'm not sure my income focused asset allocation makes sense. What would you do in my situation?