An article I recently published on Seeking Alpha regarding the Vanguard Wellesley Income Fund (MUTF:VWINX) generated a lot of conversation. One of the common themes in the comment thread is how the fund would fit into a retirement portfolio.
One individual commented on how he had recently rolled his workplace retirement plan into a 50/50 combination of Wellesley and Vanguard Wellington (MUTF:VWELX) and that led into the following broader retirement-related question…
Question: Just curious, I am close to retirement and was thinking of doing exactly the same thing. I think I could withdraw 4% a year without diminishing the principal, do you do anything like that? I have about 300k to invest with, so looking to withdraw 1K a month.
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