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Author: Bobcatkitty Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19553  
Subject: Vanguard Managed Payout Funds Date: 6/28/2011 8:04 AM
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I came across these recently while looking around the Vanguard website.

The symbols for them: VPDFX, VPDGX VPGFX.

They seems to be a "crossover" between annunities and regular mutual funds. The difference is that depending on which fund you choose, you receive a monthly payout, or can choose to reinvest the interest/dividend payments. We don't need the income, but would like this money to grow.

From the research I found, they were started in 2008, and I've read some very positive reviews and some that really blasted this idea.

We have some CDs coming due in between Aug. and January (goodbye Pen Fed and the 6.25%). This means we're looking at alternatives.

Any thoughts on these or are we just better off buying some Vanguard funds and staying away from these hybrids?
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