Vanguard personal advisors help clients plan for the future, whether the client is still accumulating for retirement or retired. They help their clients lay out a plan for the future with an appropriate asset allocation in place.

Watch the full replay »

Other highlights from this webcast

Vanguard webcast library


Jonathan Cleborne: When you think about the differences for a portfolio for somebody who is further into retirement relative to how you’re thinking about somebody who’s preparing for retirement, how do you help somebody who’s in retirement get comfortable with these dynamics?

Kahlilah Dowe: Part of what we do in helping clients as they progress throughout their lives is getting them comfortable going from a place of “I’m accumulating assets, I’m saving, I’m investing when the market is going down,” to a place of “I need to sell assets from my portfolio, I need to focus more on preservation, and I’m not adding when the market is going down, and I may even have to sell assets.”

So part of it comes down to, and I think this goes back to the question around bonds, making sure you have the right asset allocation so you’re focusing on preserving what you’ve already accumulated, making sure that you have enough cash set aside in the portfolio so you’re not relying on the portfolio’s current market returns for living expenses.

But I think another part of what we do is just help clients see how we envision it playing out. Because I think that’s the challenge for investors. It’s difficult to look forward and see. I know I worked, and I got paid every two weeks. How do I envision myself getting income from the portfolio?

What we do is to lay out a plan for them to see—these are your income-oriented investments. This is how I expect to generate the income that you need from your portfolio. But it’s also helping them see that even though you’re retired, this is still a long-term portfolio. Right?

Jonathan Cleborne: Right.

Kahlilah Dowe: So we want to make sure we’re not focusing too much on the short term. If you retire at age 65, you may live for another 20, 30 years.

Important information

For more information about Vanguard funds or Vanguard ETFs, visit to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.

All investing is subject to risk, including the possible loss of the money you invest. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Diversification does not ensure a profit or protect against a loss.

This webcast is for educational purposes only and does not take into consideration your specific circumstances or other factors that may be important in making investment decisions. We recommend that you consult a tax or financial advisor about your individual situation.

Bond funds are subject to interest rate risk, which is the chance bond prices overall will decline because of rising interest rates, and credit risk, which is the chance a bond issuer will fail to pay interest and principal in a timely manner or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline.

Withdrawals from a Roth IRA are tax free if you are over age 59½ and have held the account for at least five years; withdrawals taken prior to age 59½ or five years may be subject to ordinary income tax or a 10% federal penalty tax, or both. (A separate five-year period applies for each conversion and begins on the first day of the year in which the conversion contribution is made).

Past performance is no guarantee of future results.

Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company.

© 2019 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor.