My Wealth distribution

[disneysteve]

disneysteve
About 20% of gross income (both mine and my wife) we are saving.
We max out on 401k every year + we max out on after tax 401k each year (66K this year)

As far as asset allocation, 90% of the non retirement and 90% of retirement portfolio are in stocks.. Have remaining 10% in bonds

I see nothing wrong with any of that. As LAL said, you're saving adequately and seem to have a diversified portfolio (although you haven't said exactly how everything is invested other than the company stock). If you're comfortable with a 90/10 asset allocation, that's fine too.

[srblanco7]

I respectfully disagree. The rule of thumb is to not have more than 10% in any ONE stock because of the lack of diversification and higher risk that comes with it. If that one stock does poorly it drags down your whole portfolio.

There's nothing at all wrong with having a lot more than 10% in stocks as long as you are adequately diversified. Plenty of people have 60, 70, even 90+% in stocks. Most of us here probably use mutual funds and ETFs but lots of people own individual stocks. If you have the funds to diversify, you can build your own portfolio just fine. Years ago, that was cost prohibitive for most average people because commissions were very high, but now many brokerages are zero commission so it's easy to spread your money around over a few dozen stocks (or more). There are even ways to buy fractional shares of high priced stocks to include those in your holdings.

You are, of course, correct. A fair amount of time on Bogleheads website and listening to Dave Ramsey skews my thinking.