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Author: CABob Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Vanguard Managed Payout Funds Date: 6/28/2011 11:46 PM
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If you are not looking for current income for expenses I don't think these funds are intended or would be good for you.
Admittedly I don't fully understand them, but, they seem to be saying if you invest in this fund we will pay you a certain percentage as income ... unless the investment performs poorly and we have to cut the payout.
I have not heard any positive reviews except what Vanguard provides so if there are some I would like to hear about them.
They are fairly new and really don't have much of a history.

Bob
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