Managed Payout Funds Might Be Right for Some Retirees

They can prove useful as one piece of the retirement-spending puzzle as long as you understand the goal of a particular fund.

(Image credit: Copyright: Andrey Popov)

Managed payout mutual funds, which are designed to help retirees generate regular portfolio paychecks, are like the electric cars of the retirement industry: They seem so promising, and yet they've struggled to gain traction.

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Eleanor Laise
Senior Editor, Kiplinger's Retirement Report
Laise covers retirement issues ranging from income investing and pension plans to long-term care and estate planning. She joined Kiplinger in 2011 from the Wall Street Journal, where as a staff reporter she covered mutual funds, retirement plans and other personal finance topics. Laise was previously a senior writer at SmartMoney magazine. She started her journalism career at Bloomberg Personal Finance magazine and holds a BA in English from Columbia University.