But it was supposed to be 1/15ish originally and I think close to 1/1 out of the bag.
They're still fiddling with the ER's, content, and the prospectus.
I think the 5% version almost became a 4% version, but never saw anything concrete on that and it seems they're sticking with 5%.
An interesting observation from one of the peanut galleries was that while the 5 and 7% versions are the most discussed, the 3% might be the best of the three. After 4-5 years of capital appreciation, the 3% might pay a higher amount against the original principal value than the 5%, and after 10-12 years, it might outpace the 7% in terms of actual dollar payout. Obviously a lot more volatility/loss risk with it, but it wouldnt have to cough out a big percentage during early year investments that coincided with huge down years...the classic ER albatross of having a major downturn in the early years of retirement...an ER can decide to not take as much from their investments and control spending, but these funds will spit the money out regardless.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.