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URL:  http://boards.fool.com/i-am-considering-moving-the-457-plan-money-to-a-30600964.aspx

Subject:  Re: Managing retirement savings? Date:  3/21/2013  5:13 PM
Author:  TheTortoise Number:  18305 of 19027

I am considering moving the 457 plan money to a whole term life insurance policy and moving the money from the savings account to gold. Are these smart decisions? What do you think is my best course of action?


Hi jadeandrio,

I wholeheartedly agree with the posters in this thread who think the investment possibilities you mentioned for your retirement nest egg are a bad idea. I have another suggestion you might want to consider.

I think most here would agree that Vanguard is an investment company which can generally be trusted. They offer a family of retirement funds for people who know very little about investing called Target Retirement Funds, including a specific fund for those already retired -- the Vanguard Target Retirement Income Fund.

You would buy just one fund -- and Vanguard would take over the investment decisions for you.

Within the fund, Vanguard would allocate your money among a number of index funds containing U.S. and international stocks, bonds, U.S. Treasury inflation-protected securities, and cash. The most conservative allocation is for those already in retirement -- with the goal of controlling risk so you can sleep at night.

And Vanguard is famous for having very low expenses.

https://personal.vanguard.com/us/funds/vanguard/TargetRetire...

Morningstar gives this fund its highest rating -- 5-star.

http://quotes.morningstar.com/fund/vtinx/f?pgid=hetopquote&a...


P.S. I don ‘t own this fund--or any mutual fund--because I enjoy doing my own investing. But it sure is a lot of work ... like having a part-time job.
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