Lawrence of Suburbia
Recycles dryer sheets
Heya all ...
Haven't been on here for awhile, but figured this might just the place for this enquiry (Google didn't help.)
This is about Vanguard Wellesley Admiral, but applies to all balanced funds, I suppose. How much do balanced fund yields vary over time? The reason I ask is - I'm looking for a simple, core income fund for my taxable account (about half my total - and very modest - portfolio.) I considered the Vanguard Managed Payout Fund (a fat 3.5% yield) but, the fact it gives out principal along with the dividend to make that 3.5% made me queasy.
Currently, VWIAX's yield on my savings (along with S.S., in about three years) would actually give me nearly enough to pay the bills, allowing me to quit the wage-slavery and annoy the public with my guitar for extra $ (and, let's face it, kicks.)
Those of you retired and living off VWIAX (or other balanced funds) yields, how "reliable" are they? I know that Wellesley's bonds will get killed if interest rates ever revert to the mean, but still. Wellesley is currently almost 3%, not bad.
Thanks,
Aurens
Haven't been on here for awhile, but figured this might just the place for this enquiry (Google didn't help.)
This is about Vanguard Wellesley Admiral, but applies to all balanced funds, I suppose. How much do balanced fund yields vary over time? The reason I ask is - I'm looking for a simple, core income fund for my taxable account (about half my total - and very modest - portfolio.) I considered the Vanguard Managed Payout Fund (a fat 3.5% yield) but, the fact it gives out principal along with the dividend to make that 3.5% made me queasy.
Currently, VWIAX's yield on my savings (along with S.S., in about three years) would actually give me nearly enough to pay the bills, allowing me to quit the wage-slavery and annoy the public with my guitar for extra $ (and, let's face it, kicks.)
Those of you retired and living off VWIAX (or other balanced funds) yields, how "reliable" are they? I know that Wellesley's bonds will get killed if interest rates ever revert to the mean, but still. Wellesley is currently almost 3%, not bad.
Thanks,
Aurens
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