Want More Reliable Retirement Income? This Vanguard ETF Could Be Worth a Look.
Yahoo Finance ·
Growing wealth for retirement can be a challenge. But once you reach retirement age and are ready to start tapping your savings , your goal may shift from growing wealth to preserving wealth while maintaining a steady income. Social Security can help to some degree. But you may need additional income out of your portfolio to supplement those monthly checks. You may also want to limit your exposure to the stock market at that stage of life. Bonds are a great tool for producing steady income. And they don't tend to carry nearly the same level of risk as stocks. You could invest in bonds individually for retirement. But a better bet may be to invest in a whole bunch of high-quality bonds at the same time. And one fund makes that easy.
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