Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
Author: TheTortoise One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: Re: Managing retirement savings? Date: 3/21/2013 5:13 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement