New Ways to Tap Savings: Retirement-income funds let you convert your kitty into steady income

摘要

THAT NEST EGG YOU BUILT steadily through your working years is ready to hatch. And just in time, investment companies are introducing funds to help you make the money last through your retirement years. Will these retirement-income funds deliver? That depends on your expectations. If you want the benefits of a broad portfolio and modest but steady payouts, then the answer is probably yes. If you want surefire income, the answer is no. Says Luis Fleites, director of retirement research for consulting firm Financial Research: "People will see a target return of 5% and take it as a guarantee, when it isn't."