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Vanguard Managed Payout Fund (VPGDX)

Including Financial Independence and Retiring Early (FIRE)
Gilgongo
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Vanguard Managed Payout Fund (VPGDX)

#282761

Postby Gilgongo » February 6th, 2020, 3:46 pm

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.
Last edited by Gilgongo on February 6th, 2020, 3:53 pm, edited 1 time in total.

Alaric
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Re: Vanguard Managed Payout Fund (VPGDX)

#282762

Postby Alaric » February 6th, 2020, 3:52 pm

Gilgongo wrote:I've just discovered this, and wonder what people here think of it?


It's a US fund of funds, investing within the Vanguard range.

Gilgongo
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Re: Vanguard Managed Payout Fund (VPGDX)

#282765

Postby Gilgongo » February 6th, 2020, 3:57 pm

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

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Re: Vanguard Managed Payout Fund (VPGDX)

#282780

Postby Alaric » February 6th, 2020, 5:05 pm

Gilgongo wrote:Seems there are others. Didn't know this was a thing.


US market though. Not necessarily available or appropriate to the UK investor.

Gilgongo
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Re: Vanguard Managed Payout Fund (VPGDX)

#282945

Postby Gilgongo » February 7th, 2020, 11:11 am

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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