12/31/2007: 'Payout Funds' a New Way to Invest After You Retire (The Christian Science Monitor)
Excerpt: "In October, Fidelity Investments unveiled a series of 11 funds called Income Replacement Funds. Each of these funds has an end date, ranging in two-year increments, currently from 2016 to 2036, and a payout strategy designed to allow participants to take regular monthly withdrawals until no money is left. In January, Fidelity expects to unveil three additional such funds, with end dates of 2038, 2040, and 2042."
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