Originally Posted by jazz4cash
Wow. They KNOW what the last three years are? They're good! Seriously how does that work. Is it a target date fund?
No it's a managed payout fund VPGDX http://obliviousinvestor.com/a-look-...d-payout-fund/
The strategy of the Vanguard Managed Payout Fund sits between these two — with a level of spending that does vary based on portfolio performance, but that is “smoothed” by basing the withdrawal on the average share price over multiple years. (Specifically, the fund sets a monthly distribution in January of each year, based on 4% of the fund’s average share price over the last three years.)