Vanguard Research recently released a whitepaper titled Vanguard’s Principles for Retirement Income (direct PDF link) and I was surprised to find it rather substantial – almost a short book on retirement income planning that provides valuable insight into their (growing!) financial advisory services. The focus is clearly about creating a sustainable income from your portfolio, not the usual stuff about growing your portfolio.
Focusing on income rather than account balances can lead to clearer decision-making in retirement.
Without a defined income plan, investors may spend too cautiously or risk drawing down their assets too quickly. With an income-focused framework, you can better understand how to turn your savings into spending by having a clearer view of:
– How much you can withdraw over time.
– How long your assets may need to last.
– How different risks can affect outcomes.
As a start, you have you...
English (US)