Written by Madeline Hume for M* March 2, 2020
Mentioned: Vanguard Managed Payout Investor (VPGDX)
A version of this article appeared in the January 2020 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website.
"During the twilight of the 2000s, several fund companies launched retirement-income funds with the promise of a stable stream of income for retirees. The goal was to ease the transition between a retirement saver’s accumulation years and their spending years of early retirement: Asset managers designed the funds to be an instrument of compromise for retirees who sought predictable income, but didn’t want to give up control of their assets to an annuity. They also offered market appreciation in addition to income, diversifying across stocks and bonds."
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