Adding one or more of these investment types to a portfolio may help
an investor meet monthly expenses, or plan for longer term goals like saving for college or retirement.
Vanguard Managed Payout Fund is primarily intended for retirees and other
investors who would like to receive
monthly payments to
meet expenses, who are able to tolerate the inherent risks of the fund itself, and who want to retain access to their investments to
meet unexpected
expenses or to use them for estate planning purposes.