Birchtree
Well-known member
The Vanguard Group plans to launch three mutual funds designed to give retirees regular monthly payments while preserving their assets and allowing them to remain invested.
Vanguard filed with the SEC commission last week to launch: Managed Payout Real Growth, Managed Payout Moderate Growth and Managed Payout Capital Preservation. The new funds will appeal to individual who are seeking a regular income stream in retirement, but who also want to retain access to their accounts to meet unexpected expenses or, potentially, for estate-planning purposes. Each of the funds is essentially a fund of funds, which will invest primarily in other Vanguard funds, including domestic and international stock index funds, bond and REIT-index funds, and inflation protected securities and money market instruments. The new Vanguard funds will carry an estimated expense ratio of 0.34%.
Vanguard filed with the SEC commission last week to launch: Managed Payout Real Growth, Managed Payout Moderate Growth and Managed Payout Capital Preservation. The new funds will appeal to individual who are seeking a regular income stream in retirement, but who also want to retain access to their accounts to meet unexpected expenses or, potentially, for estate-planning purposes. Each of the funds is essentially a fund of funds, which will invest primarily in other Vanguard funds, including domestic and international stock index funds, bond and REIT-index funds, and inflation protected securities and money market instruments. The new Vanguard funds will carry an estimated expense ratio of 0.34%.
