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3 Best Mutual Funds for Stingy Retirees

Don't get lured into paying steep fees for your funds

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Vanguard Target Retirement Income Fund

ETF, portfolio, stocks, chart, planningTicker: VTINX
Morningstar Rating: 4 Stars
Minimum Investment: $1,000
Expenses: 0.16% ($16 for every $10,000 invested)
Load: None
Yield: 1.98%

Performance Summary: VTINX’s three-year total return of 6.4% outperformed the retirement income mutual fund category by 0.3 percentage point, according to data from Morningstar.

Notes: The most conservative of Vanguard’s target retirement funds, VTINX automatically rebalances to maintain a steady asset allocation of 65% bonds, 30% stocks and 5% short-term reserves by investing in five other Vanguard index funds. Unlike a managed payout fund, VTINX allows you to set an automatic withdrawal schedule to set your own payout amount.

Article printed from InvestorPlace Media, http://investorplace.com/2013/10/best-mutual-funds/.

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