The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard Extends a Helping Hand to Retirees Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 28, 2005

Vanguard Extends a Helping Hand to Retirees

by: Sean Hanna, Editor in Chief

The Vanguard Group is rolling out its retirement income planning service to customers through its Website. The service, on which the 401kWire.com first reported in May, is seen as a shot back at a similar service unveiled by Fidelity last year.

Many fund firms with prominent retirement businesses see helping customers manage the drawdown of their assets through their retirement years as a last frontier for growth. By becoming the advisor to those investors, the firm would theoretically be able to exercise control over the investor's entire asset base and retain the assets it has garnered from the client.

Vanguard insiders had been hoping to roll out the complete product in 2006.

The service announced today includes a number of tools available through Vanguard.com that assist near-retirees and retirees with their end stage retirement planning. Vanguard CIO Tim Buckley said that the tools are intended to address withdrawal strategies, plan distribution options, Social Security, and health care.

"The new tools and content on our website address these key issues," said Buckley. "They'll guide retirees and near-retirees with important financial decisions regarding their retirement years."

The four tools include a required minimum distributions calculator, a calculator that shows how investment costs affect retirement spending, and a calculator that helps investors determine how much they can withdraw from their accounts without jeopardizing their retirement income. Vanguard also is offering a tool that helps investors select a withdrawal method from their IRA or DC plan account.

Vanguard is also publishing brochures that explain issues that retirees may face concerning Social Security, health care, retirement plan distribution, and income annuities. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use