5 Retirement Income Funds Seniors Should Know

Should seniors use index funds—or pay an active manager to select investments and manage retirement income? In Video 2 of the Wealth Horizons retirement-investment series, we examine five actively managed mutual funds that retirees may want to research: • Vanguard Wellesley Income Fund—VWINX or VWIAX • Vanguard Wellington Fund—VWELX or VWENX • Vanguard Equity-Income Fund—VEIPX or VEIRX • Dodge & Cox Balanced Fund—DODBX • Dodge & Cox Income Fund—DODIX For each fund, we explain three potential reasons to consider it, the job it might perform in a retirement portfolio, its expenses and its important risks. You will also learn: • The difference between Wellesley and Wellington • Why balanced funds already contain stocks and bonds • When an equity-income fund is not a complete retirement portfolio • How an actively managed bond fund differs from insured cash • Why buying several balanced funds may create unnecessary overlap • Two possible structures: one balanced fund or separate stock and bond funds • Illustrative allocation ranges for retirees in their 60s, 70s and 80s ▶ VIDEO 1 of 3 PART SERIES: https://youtu.be/WYMojQYAp_Q ▶ VIDEO 3 OF 3 PART SERIES: [INSERT VIDEO 3 LINK WHEN PUBLISHED] CHAPTERS 00:00 Active retirement-income funds 01:26 Vanguard Wellesley Income 02:41 Vanguard Wellington 03:51 Vanguard Equity-Income 04:55 Dodge & Cox Balanced 06:20 Dodge & Cox Income 07:19 One balanced fund or build your own? 08:16 Illustrative allocations by retirement stage 09:20 What to compare before investing FUND INFORMATION Vanguard Wellesley Income Admiral—VWIAX: https://investor.vanguard.com/investment-products/mutual-funds/profile/vwiax Vanguard Wellesley Income Investor—VWINX: https://investor.vanguard.com/investment-products/mutual-funds/profile/vwinx Vanguard Wellington Investor—VWELX: https://investor.vanguard.com/investment-products/mutual-funds/profile/vwelx Vanguard Equity-Income Investor—VEIPX: https://investor.vanguard.com/investment-products/mutual-