Both Vanguard and Fidelity have a lot to learn when it comes to managing income in retirement, according to CNBC.

The news outlet cited Vanguard's recent struggles with its managed payout funds, which were recently merged into one portfolio, as well as Fido's troubles with its Income Replacement Fund series.

Read more in a href="http://www.cnbc.com/id/101163676">CNBC. 

Edited by: Tommy Fernandez


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