I've just discovered this, and wonder what people here think of it?
I note they say it's "intended to supplement your other sources of retirement income" but they don't elaborate, presumably because they can't guarantee a 4% payout over time. Intriguing though...
https://investor.vanguard.com/mutual-fu ... file/VPGDX
Doesn't look like you can buy it in the UK, mind you.
Vanguard Managed Payout Fund (VPGDX)
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- Lemon Slice
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Vanguard Managed Payout Fund (VPGDX)
Last edited by Gilgongo on February 6th, 2020, 3:53 pm, edited 1 time in total.
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- Lemon Half
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Re: Vanguard Managed Payout Fund (VPGDX)
It's a US fund of funds, investing within the Vanguard range.Gilgongo wrote:I've just discovered this, and wonder what people here think of it?
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- Lemon Slice
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Re: Vanguard Managed Payout Fund (VPGDX)
Yes, but at half the TER compared to doing it yourself.
Seems there are others. Didn't know this was a thing.
https://www.thebalance.com/retirement-i ... ws-2388688
Seems there are others. Didn't know this was a thing.
https://www.thebalance.com/retirement-i ... ws-2388688
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- Lemon Half
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- Joined: November 5th, 2016, 9:05 am
Re: Vanguard Managed Payout Fund (VPGDX)
US market though. Not necessarily available or appropriate to the UK investor.Gilgongo wrote: Seems there are others. Didn't know this was a thing.
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- Lemon Slice
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Re: Vanguard Managed Payout Fund (VPGDX)
I'm surprised I hadn't seen this kind of thing mentioned before though. On the face of it, it makes sense as an investment product targeted at those who want to minimise the faff of managing draw down and asset allocations by (presumably) leaving that to an algorithm. At least, the charges imply there's no active management going on. Like a sort of third asset class: stocks, bonds, cash, "robo income".
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