$SCHW: After 12 years of trying, Vanguard is throwing in the towel on a moonshot.

Date: Friday, February 28th, 2020

Stock(s) mentioned:

Source: Barron’s (https://www.barrons.com)

Summary: The $6.2 trillion fund manager announced Friday that it was effectively killing the income feature of Vanguard Managed Payout. The fund, with $1.9 billion in assets, will stop making monthly distributions after its last payout in May, making an annual distribution instead.

Full article address: https://on.barrons.com/32DQ2tX

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