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VANGUARD INTRODUCES PC-BASED RETIREMENT PLANNER

 VALLEY FORGE, Pa., Aug. 26 -- The Vanguard Group of Investment Companies today introduced an innovative software package -- The Vanguard Retirement Planner(SM) -- to help investors answer the question: "How much should I be saving for retirement?"
 The new IBM-compatible software enables retirement-minded investors to integrate their current savings programs (e.g., personal savings, Social Security, company pension, etc.) with several key variables (e.g., investment returns, inflation, life expectancy, etc.) to ascertain whether they are likely to meet their financial goals. The program may also be used by individuals nearing retirement as an aid to summarize their current retirement benefits and savings in relation to their anticipated needs.
 "Vanguard's new software turns a personal computer into a powerful financial planning tool," said Vanguard Senior Vice President Jeremy G. Duffield. "For investors seeking to determine or refine their savings goals quickly and easily, The Vanguard Retirement Planner is ideal."
 The user-friendly Vanguard Retirement Planner offers informative, on-line tutorials to help novice computer users or those unfamiliar with retirement planning concepts. A comprehensive user's guide is also included in the package and toll-free telephone support will be provided by Vanguard.
 The Vanguard Retirement Planner is offered on either a 3-1/2 or 5-1/4 disk. The software can be installed on any IBM-compatible personal computer with at least 512K RAM, 1 megabyte of free hard disk memory, and DOS version 3.0 or higher. A VGA or XGA monitor is required. An Apple version of the software is not currently offered.
 The Vanguard Retirement Planner is available for $15 (plus $2.50 for shipping and handling). Investors may order the program by telephone with a major credit card by calling toll-free 1-800-876-1840 (24 hours a day, seven days a week). The Vanguard Group of Investment Companies, headquartered in Valley Forge, has net assets of some $119 billion and manages 76 investment portfolios owned by more than 4 million individual and institutional investors.
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 /CONTACT: John Woerth of Vanguard, 215-669-6224/


CO: The Vanguard Group of Investment Companies ST: Pennsylvania IN: FIN SU: PDT

MK -- PH007 -- 6592 08/27/93 11:49 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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