My wife and I have an IRA with T. Rowe Price. It is divided up into stocks, bonds and money markets. So?

About 70% in money markets, 20% in stocks (international and domestic) and 10% bond funds. We are in are late forties and early fifties. Roughly 80k. Does this sound like a good mix? Any feedback will be helpful. Thanking you all in advance.

I really think you are too conservative. You probably made 7 to 8% on your in the past year. If you would have had your money in the 2025 fund you would be up 17%.
If you are in doubt the 2025 is a very good choice.
My money would be as follows:
10% GNMA
30% international equity index
20% growth stock
35% Total market index
5% in Health science.
My choices are a bit aggressive but I would have been up 23% or so.

That's what you pay T Rowe PRice to tell you. Seriously now, how many people on here are qualified to tell you this? Secondly, if this is the best place for YOU to turn to for advice, how did YOU ever amass enough money to have investments?

Sounds about right to me. Conservative enough with the money markets, but diverse in the stocks.

Thats too conservative....increase portion in Stock fund..

Yes, you got a pretty good division. I'm 59 and have 40% stock and 60% money market and have been making 22-26% yearly in two IRA accounts (one mine, one his). This is not the only retirement assets we have, so I can afford to take some risks. The less you can take risk, the less you should have in individual stocks.

My wife and I also have IRA's with T.Rowe. We are in our early 60's. First, I really do like the company, and have been with them for 30+ yrs. I stay well diversified by selecting my own funds within their offerings. And through diversifying, I try to minimize my risk. Certainly, reward is proportional to risk. I like big returns, so I take big risks. Internationals are doing very well today. Your fund with 70% in money markets is much too conservative for me. I would not be happy with that mix. But if you are happy with the returns and sleep well at night, then that means a lot. But if you could take more risk, you could see much better returns. And at your ages, I would be willing to take more.

1. At your age, you need to have more than 80K.
2. I think 70% in money markets is too high. Of the various investments you mention, money markets have the lowest return on average. (However, they never have a negative return, which the others sometimes have.)

depends on how old you are - Only 20% in stocks won't do much for you in the long run

Even conservatively I would place some more in stocks, and right now non-US, which are performing 4X US. Any 10 contiguous years the S&P is in double digits. Anthony, my wife and I are similar ages to you and your wife. We're invested fully in FLATX(LA), FHKCX(China), FSEAX(SEAsia) and FICDX(Canada). As US market goes so goes the non-US, only bigger moves, so not for the faint of heart during corrections. We were in US and non-US commercial REITs but got out early this year. I know it's not common to be fully invested, but I have to tell you we've never been happier or more successfull, averaging over +40%/yr since latter half of '90's in tech, then energy, except in 2001-2003 we were in single digits mostly on the sidelines like your portfolio. Because of inflation(calculate it however you want to), rising medical costs, rising taxes, etc...we believe you should try to make as much money as you can when you can with relatively low risk, let the market trends guide you. When bull markets start we look for the leaders and when they confirm we keep adding to those positions; when bear markets ensue we move to bonds/cash. No one can time the market, but you can get confirmed bull markets and bear markets, then react.

Everyone is different, different in temperment, ideas, how to divide assets, etc. If this is what you and T. Rowe Price decided on, then so be it.
However, at this point, with 70% in money mkts, you are only getting a whopping 3-4% on your money. And another 10% in bonds probably yielding the same, you should, in my opinion, have more exposure to stocks. If you are hesitant, consider stocks yielding a good dividend, such as Verizon, AT&T, Bank of America, Exxon, Altria. You get paid 4-5% while waiting for capital appreciation. As you get older, then you become more conservative.
Ask your broker.