Fidelity Income Replacement Funds are designed to provide regular monthly payments that seek to keep pace with inflation. The portfolios invest in 15 other Fidelity funds.

Vanguard Managed Payout Funds automatically generate regular monthly payments that are set each year. An investment committee will make asset allocation decisions. Broader asset allocations that may even include commodity futures are planned for better returns.

Like any mutual funds, there are no guarantees on returns and payouts. But, unlike annuities, these funds let you keep your money and sell shares without penalties.

I don't know how much better these will be over the target retirement funds that both Fidelity and Vanguard already offer.

 

Submitted: Jun 19, 2008    Views: 200    Comments: 0    Likes: 1   


View Article: http://money.cnn.com/2008/06/06/pf/funds/retirement_income_funds.fo...


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