Turn 401(k)s into Bond Ladders
Franklin Templeton SVP Drew Carrington says his firm's Defined Maturity Funds, which work like bond ladders, could provide retirement income for 401(k) participants, and could be paired with qualified...
Payout Mutual Funds
Vanguard reboots a managed income fund
Instead of monthly payments, the Vanguard Managed Allocation Fund will aim for annual payments. A highly diversified fund-of-funds, it will have a 0.32% expense ratio.
T. Rowe Price Reopens the Market for Payout Funds
Managed payout funds haven't gotten much traction in the last decade. But T. Rowe Price hopes that its target-date fund/payout fund hybrid, the Retirement Income 2020 Fund, will help...
