When it comes to retirement planning, I'm a firm believer that simpler is better. Many advisors will recommend a platter of different fund and ETF choices that cover nearly all asset classes and risk levels. By the time it's all said and done, you've got a needlessly complex portfolio that's challenging for the layperson to manage as time passes and personal circumstances change.
What if you could find a fund that covers all the bases, has a long history of solid performance, comes priced cheap and keeps it nice and simple? The Vanguard Wellesley Income Fund (MUTF:VWINX) just might be what you're looking for.
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