Sorry to reply so late.
We did a consult with a CFP (we like to get some expert input once in awhile), and were happy to get confirmation that we are on track to reach our goals. He did not have any problem with the conservative nature of our investments.
We have not shifted any of our retirement funds yet, but what we are seriously considering is moving some or all of the funds that are in Vanguard's Wellsley Income Fund to the Target Retirement 2005 Fund. This would be a shift to a slightly more conservative & more diversified portfolio. (Haven't been able to pull the trigger yet tho. Wellsley has been good to us. I keep asking myself "if it ain't broke do you really want to try to fix it?" Not very rational, I know. I must remind myself to stop looking back at the past and look forward to the future and our retirement.)
Agreed about owning individual TIPS. That is what I have owned and will continue to own. The only thing I don't like is that I can't set up an IRA in my TreasuryDirect account. (The Target Retirement 2005 Fund is about 18% TIPS, so if we make that move we'll be adding a TIPS fund indirectly.)
And just had to add about rate chasing: yes, I absolutely take the time to do it! Anyone who is serious about taking charge of their own personal finances has to be willing to put some time in to it, right?
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