New Retirement Plans Vie For Senior Attention

Is there a better way to manage retirement funds?

The Wall Street Journal is reporting that a number of mutual funds have now begun to enter the retirement finances arena. According to the paper, Fidelity Investments has started 11 Income Replacement Funds while the Vanguard Group says it will offer several Managed Payout funds.”Both companies have paired investment portfolios with monthly withdrawal plans,” says the paper. “They’ve also replaced the traditional focus on guaranteed income with payment streams that could vary from year to year — a novel idea, and one that may give retirees more spending power.”As always with financial management plans it pays to look at your specific needs and to consider what approach might be best for you. For instance, is there a guaranteed payout? Is your principal at risk? What are the fees and charges for using a given program? How will payments be treated for tax purposes? Will Social Security payments be impacted?

This entry was posted on Monday, October 15th, 2007 at 1:37 pm and is filed under Reverse Mortgage . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.