Vanguard's Managed Payout Mutual Funds - A Primer

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).] Recently when we wrote about "Three Good Habits of Successful Retirees," we saw that it was important for retirees to grow their investments. To keep one's real purchasing power intact over time it is necessary to beat inflation by earning a return rate above it. And this holds true for a retiree's