I'm new here, so I will apologize in advance if I am missing obvious things when asking about the Vanguard Managed Payout Fund.
The wife and two Financial Advisors have pointed me toward various Annuities to create an income stream to supplement our two Social Security pensions.
To my rookie way of looking at this, doesn't the Vanguard Managed Payout Fund do the same thing as an annuity, except that the Vanguard fund is an investment vehicle.
I see that the VMPF has an expense ratio of .40 or so.... I've read that the annuities are usually triple that....
I think I read that the Vanguard Target Date retirement funds all end up in these payout funds a certain number of years after maturity... not sure
Please teach me on this...
Thanks in advance,
JerryinPA
The wife and two Financial Advisors have pointed me toward various Annuities to create an income stream to supplement our two Social Security pensions.
To my rookie way of looking at this, doesn't the Vanguard Managed Payout Fund do the same thing as an annuity, except that the Vanguard fund is an investment vehicle.
I see that the VMPF has an expense ratio of .40 or so.... I've read that the annuities are usually triple that....
I think I read that the Vanguard Target Date retirement funds all end up in these payout funds a certain number of years after maturity... not sure
Please teach me on this...
Thanks in advance,
JerryinPA