Plan Highlights Veolia North America 401(k) Savings Plan for Collectively Bargained Employees (094189) This material has been designed to give you a general description of the main features of the Veolia North America 401(k) Savings Plan for Collectively Bargained Employees ( VNA Plan ). To find up-to-date information on your plan s features, log on to your account at vanguard.com /retirementplans, select the Plan Details dropdown menu, then select Plan Rules. If you hold multiple accounts with Vanguard, you may need to select Employer plans after logging on to vanguard.com/retirementplans. Note: Depending on your bargaining unit, you may not be eligible for all of the benefits described in this document and/or you may be eligible for benefits not described in this document. You should refer to your collective bargaining agreement, your Summary Plan Description, or contact Vanguard to determine which provisions of the VNA Plan apply to you. Let One Step do it for you The VNA Plan offers an easy way to save for your future. Thanks to the plan s One Step feature, you don t even have to sign up. For your convenience, One Step will automatically: Enroll you in the VNA Plan as soon as possible after your hire date and deduct 3% from your pay on a pre-tax basis. Increase your contribution rate by one percentage point each January (unless you choose a different month) until it reaches 6% of your pay to help you save more in the future. Invest your contributions in the Vanguard Target Retirement Trust II* with the target date closest to the year in which you will reach age 65.* *All investing is subject to risk, including the possible loss of the money you invest. Investments in Vanguard Target Retirement Trusts are subject to the risks of their underlying funds. The year in the trust name refers to the approximate year (the target date) when an investor in the trust would retire and leave the workforce. The trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in a Target Retirement Trust is not guaranteed at any time, including on or after the target date.
Saving and investing are great ways to achieve long-range financial goals. One Step helps you do both automatically. Be sure to name beneficiaries for your account. See the Beneficiaries section for instructions. Or make your own choices If you would like to make your own choices for your contribution percentage and/or investments or not participate in the plan at all you can do so. Just be sure to contact Vanguard as described below. Withdrawal of automatic enrollment contributions If you are automatically enrolled but did not want to be, you can withdraw all contributions (adjusted for any gains or losses) that have been made for you within 90 days of the first contribution by contacting Vanguard. This permissible withdrawal is not subject to any early withdrawal penalty and is included in your gross income in the year in which the withdrawal occurs. Any company matching contributions associated with the withdrawal will be forfeited. Connect with Vanguard Online. Log on to your account at vanguard.com/retirementplans for 24-hour access to information about your account and your investments. To receive information and notices from Vanguard by e-mail, sign up for e-delivery, a fast and secure way to receive your VNA Plan communications. Just log on to vanguard.com/retirementplans, click My Profile, and change your mailing preference. Not yet registered? Go to vanguard.com/retirementplans. You ll need your plan number, 094189. On your mobile device. After you ve registered for online account access, go to vanguard.com /bemobile to download the Vanguard app so you can access your account on the go. By phone. Call 800-523-1188 to reach Vanguard s 24-hour interactive VOICE Network. You ll need your Social Security number and a personal identification number (PIN) to use VOICE. To create a PIN, follow the prompts. Or you can speak with a Vanguard Participant Services associate Monday through Friday from 8:30 a.m. to 9 p.m., Eastern time. Provision Eligibility Enroll Beneficiaries Employee contributions Description You are eligible to participate on the first day you are employed with the company if you are age 18 or older. You will be enrolled automatically as soon as administratively possible after your hire date. Be sure to name beneficiaries for your account. After your enrollment, to name beneficiaries, follow these simple steps: 1. Log on to your account at vanguard.com/retirementplans. 2. Click My Profile. Note: If you have multiple accounts at Vanguard, you may need to select Employer plans first. 3. Click Beneficiaries. When you are automatically enrolled, your pre-tax contribution rate will be 3% of your eligible earnings. If you want to enroll at a different rate, you can contribute from 1% to 60% of your eligible earnings on a pre tax or a Roth 401(k) after-tax basis, or a combination of the two. The IRS also limits contributions. For current IRS limits, visit vanguard.com/contributionlimits.
Provision Employee contributions (continued) Company matching contributions Rollovers Vesting Investment options Advice services Managing your account Loans Description If you contributed to a previous employer s plan this year, be aware that the annual IRS limit applies to the sum of your contributions to all employer plans for this year. You should monitor your contributions to ensure that your total contributions for this year do not exceed the annual IRS limit. If you are age 50 or older, or will turn 50 by year s end, and you contribute the maximum allowed, you may make catch-up contributions. Catch-up contributions allow you to save above the normal IRS annual limit on a pre-tax or Roth basis. To help you save more, One Step automatically increases your pre-tax payroll contribution rate by one percentage point annually in January or whatever month you choose. These annual increases will continue until your contributions reach 6%, or the annual IRS limit, whichever is less. You can change or stop your automatic annual contribution increases at vanguard.com /retirementplans or by speaking with a Vanguard Participant Services associate at 800-523-1188. You cannot access this service through VOICE. For every $1 you contribute of the first 1% of your eligible compensation, Veolia will contribute $1 to your account; and for every $1 you contribute of the next 5% of your eligible compensation, Veolia will contribute $0.50 to your account. Don t miss out on what s essentially free money consider saving at least 6% of your pay to receive the full match from Veolia! Call Vanguard if you d like to roll over money into the VNA Plan from a former employer s eligible plan or a qualifying IRA. Vesting refers to your right of ownership to the money in your account. You are always 100% vested in your own contributions and their earnings. You become vested in Veolia s matching contributions after two years of service. For information about the funds available through the VNA Plan, please go to https://retirementplans.vanguard.com/vgapp/pe/faces/pubfundchart?site=veolia/4625. No matter what your retirement investing needs are, Vanguard s advice, education, and all-in-one investment options can help. We can even do most of the work for you. Once you re enrolled, follow these steps to view your VNA Plan s advice, education, and all-in-one investment options online: 1. Log on to your account at vanguard.com/retirementplans. 2. On your homepage, click the Review my performance tab and select Get help planning for retirement. 3. Select Let Vanguard Help or Do It Yourself and review your options. Note: If you have multiple accounts at Vanguard, you may need to select Employer plans after you log on. If you have multiple employer plan accounts, select the plan you d like to view. You can take the following actions anytime by logging on to vanguard.com/retirementplans or calling Vanguard at 800-523-1188: Stop or change your payroll deductions. Change how your contributions are invested. Move money between funds. Request loans or withdrawals. Although the VNA Plan is designed for long-term savings, you can borrow from your account. Keep in mind that your paycheck would be reduced to repay the loan with interest, and that you could owe taxes and a 10% federal penalty if you fail to repay on time or if you leave Veolia before your loan is paid in full.
Provision Loans (continued) In-service withdrawals* Distributions* Description Here are the loan provisions: Minimum amount: $1,000. Maximum amount: 50% of your vested account balance up to $50,000 (or less if you have had an outstanding loan in the past 12 months). Maximum outstanding loans: one. Repayment: up to five years for a general purpose loan; up to ten years for a loan taken to purchase a principal residence. Origination fee (per loan): $50 when applying online or through VOICE; $100 when applying by phone with personal assistance from a Vanguard associate. Maintenance fee (per year): $25. You generally may not withdraw money from your account while still employed, except under certain circumstances as described below: Age 59½ withdrawals. Once you reach age 59½, you can make withdrawals from your entire vested account balance. Hardship withdrawals. You can withdraw money from your account for a serious financial hardship, including: Purchase of a principal residence. Unreimbursed medical expenses. Tuition and fees for postsecondary education. Prevention of eviction or mortgage foreclosure. Burial or funeral expenses for a parent, spouse, child, dependent, or primary beneficiary. Certain expenses for repairing your principal residence if the expenses qualify as a casualty deduction. Before making a hardship withdrawal, you must exhaust other options, including loans. You cannot contribute to your account for six months after the withdrawal. Rollover withdrawals. You can withdraw all or part of any money that you rolled over from another plan. 90-day withdrawal window. You can withdraw all of your automatic enrollment contributions within 90 days of the first such contribution without penalty. You are eligible to receive your vested account balance upon retirement, termination of employment, or total and permanent disability. *Tax implications: You will be responsible for paying any federal, state, local, or foreign taxes on a distribution or withdrawal from pre-tax accounts. A distribution or withdrawal of Roth 401(k) earnings is usually also taxable unless the initial Roth contribution was made more than five years ago and you are at least age 59½. Early withdrawals may be subject to a 10% federal penalty tax. To the extent required by law, Vanguard will make the appropriate withholding for tax purposes. Connect with Vanguard vanguard.com/retirementplans > 800-523-1188 Vanguard Target Retirement Trusts are not mutual funds. They are collective trusts available only to tax-qualified plans and their eligible participants. Investment objectives, risks, charges, expenses, and other important information should be considered carefully before investing. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a subsidiary of The Vanguard Group, Inc. Advice is provided by Vanguard Advisers, Inc., a federally registered investment advisor. Eligibility restrictions may apply. Participant Education P.O. Box 2900 Valley Forge, PA 19482-2900 2014 The Vanguard Group, Inc. All rights reserved. UBBBJGMF 122014
How to choose investments for your retirement
You have a lot of great investment options in your retirement plan. Find out how to choose among them with this brochure. To put your plan into action, visit vanguard.com/retirementplans or call 800-523-1188... because your retirement matters.
Melissa Age: 33 My retirement plan offers so many funds. How do I pick the right ones? There s a way to choose among your retirement plan s investments. It starts with one question... What kind of investor are you? Investing sounds like a foreign language to me. I wouldn t mind getting a little help. Turn to page 4. I ve been investing for years now, and I enjoy it. I can do it myself. Turn to page 8.
Let Vanguard help Choose an all-in-one fund If you d like some help with investing, consider an all-in-one fund. The managers of all-in-one funds combine stock and bond funds to offer a well-diversified portfolio in a single investment. So rather than building your own portfolio from scratch, you re choosing one that s already been constructed by professional money managers. All-in-one funds offer convenience and efficiency. All-in-one funds often offer broad diversification in a single investment: U.S. stocks. U.S. Treasury bonds. U.S. corporate bonds. International stocks. International bonds. How mutual funds work Mutual funds pool money from many investors to buy stocks, bonds, or other investments. They provide investors with professional money management and can offer broad exposure to the market. 4
Target-date funds are the most popular type of all-in-one funds in retirement plans today. * Like other all-in-one funds, target-date funds offer a broadly diversified portfolio in a single investment. But these funds add another important benefit: As the target date approaches, the fund s managers gradually reduce risk by shifting the fund s emphasis from more aggressive investments to more conservative ones. *Source: How America Saves 2014, A report on Vanguard 2013 defined contribution plan data. Target date* Pre-retirement Retirement 100% Young Transition Early Late 80 Portfolio allocation 60 40 20 0% 45+ 25 0 7+ Years to target date Years beyond target date Stocks U.S. stocks 60% International stocks 40% Bonds U.S. nominal bonds 70% International nominal bonds 30% Short-term TIPS 0 24% of total fixed income Source: Vanguard. *Target date is the year stated in the fund name and assumes retirement at age 65. 5
How to select a target-date fund The year in the fund s name is the approximate year when an investor in the fund would retire and leave the workforce. So if you wanted to retire in 2035, for example, you could consider investing in the 2035 target-date fund. However, you aren t required to choose the fund closest to your expected retirement year. If you d prefer a more aggressive investment mix, you might choose a later target date, say 2040. Or, if you re a more conservative investor, you could choose a fund with an earlier target date, such as 2030. Although target-date funds can help investors assemble and manage a broadly diversified retirement portfolio, it s important to recognize that there are still risks. Diversification does not ensure a profit or protect against a loss. A target-date fund is subject to the risks of the funds it invests in. Its returns are not guaranteed at any time, including on or after the target date. Investing in one does not ensure that you will have enough income in retirement. Stock funds can lose value if the stock market falls. Bond funds can lose value too, such as when interest rates rise or if the bond issuer has difficulty paying its obligation. Bond funds can also lose value when their returns don t keep pace with the rate of inflation. 6
Julia Age: 28 I will never feel comfortable investing in the stock market. I m going to keep my money safe. The reason to invest your savings There s no question that when you invest, you can lose money. The markets can drop sharply, and you can lose both your earnings and the money you invested. Or you might not make much progress for years at a time. So why invest in stocks at all? One good reason is that retirement is so expensive that few of us can afford it by saving alone. To afford a lengthy retirement, we also need investment returns. So people who avoid the risk of stock or bond investing might encounter a bigger risk instead that they can t afford to retire.
Do it yourself Build your own investment portfolio If you enjoy investing, you may want to assemble your own portfolio, combining several funds to create your own unique blend. Step one: Choose an asset allocation Research shows that your asset mix how you spread your money across stocks, bonds, and cash has a greater effect on long-term returns than your choice of investments. Vanguard will suggest an investment mix for you if you take our Investor Questionnaire, which you can find online at vanguard.com/investor. You can accept the suggested asset allocation or choose a mix that is more conservative or aggressive than the one suggested. Why invest in stocks? Stocks represent a share of ownership in a company. So when that company does well, its shares gain value. Stocks have historically had the highest investment returns, but also the highest risk of loss. Why invest in bonds? Bonds are IOUs from governments or companies. In the past, bonds have had more moderate gains and losses than stocks. Bonds receive interest payments that can help make up for market losses. Remember that past performance is no guarantee of future results. 8
Step two: Select your investments Once you ve chosen an asset allocation, you can shop for individual funds to match the investment mix that you ve selected. Generally, you will have three types of investments to choose from: Broad-based index funds. Specialized index funds. Actively managed funds. Broad-based index funds. For the foundation of your portfolio, consider broadly diversified index funds that invest in a wide cross-section of the U.S. stock or bond markets. These funds may own thousands of different securities, diminishing the chance that one bad stock would greatly reduce your retirement account value. However, diversification does not ensure a profit or protect against loss during broad market turndowns. Specialized index funds. If you would like to further diversify your portfolio, consider adding some specialized funds. For example, some investors may want to add international stock or bond funds. Just keep in mind that there are additional risks when you invest overseas. Political upheaval or financial troubles could reduce the value of stocks and bonds from a foreign country or region. Or a country s currency could fall against the dollar, reducing the value of investments from that country. Consider limiting your investment in international stocks to 20% to 40% of your total portfolio. Actively managed funds. Active managers rely on research, market forecasts, and their own judgment and experience in selecting which securities to buy and sell. Remember that actively managed funds cost more to own, on average, than index funds. Because costs are subtracted from a fund s returns, higher costs tend to reduce an investor s overall returns. 9
Jack Age: 27 I ve chosen my funds. Does that mean I m done? Just as your car might require an annual inspection, so should your retirement investments. If your asset allocation has drifted more than five percentage points from your intended mix, consider restoring it by either: Contributing more to the lagging category until your balance is restored. Moving money into the lagging category to restore your investment balance more quickly.* *Generally, investment sales within your plan are not taxable. Before you sell shares in an investment outside your plan, consult a tax advisor to make sure you understand the tax implications. 10
Learn more You can find your retirement plan s investment choices online. Just log on to your account at vanguard.com/retirementplans. Or call a Vanguard Participant Services associate at 800-523-1188 Monday through Friday between 8:30 a.m. and 9 p.m., Eastern time. Not registered? You can sign up for secure online account access at vanguard.com/register. Just follow the prompts. You will need your plan number, which you can find on your quarterly account statement. 11
Connect with Vanguard > vanguard.com/retirementplans All investing is subject to risk, including the possible loss of the money you invest. While U.S. Treasury or government agency securities provide substantial protection against credit risk, they do not protect investors against price changes due to changing interest rates. Unlike stocks and bonds, U.S. Treasury bills are guaranteed as to the timely payment of principal and interest. For more information about any fund, including investment objectives, risks, charges, and expenses, you can download Vanguard fund prospectuses at vanguard.com. The prospectus contains this and other important information about the fund; read and consider the prospectus information carefully before you invest. You can also write Vanguard at P.O. Box 2900, Valley Forge, PA 19482-2900. Institutional Investor Group P.O. Box 2900 Valley Forge, PA 19482-2900 2015 The Vanguard Group Inc. All rights reserved. Vanguard Marketing Corporation, Distributor of the Vanguard Funds. BBBBFGXV 052015
Take control of your future The time is now
1 Participating in your employer-sponsored retirement plan is one of the best ways to save for your future. 3 And the time to save more is now. 2
No doubt, you have a lot going on. So it s understandable if saving more for retirement isn t on your mind right now. But here s why it probably should be. Retirement can be expensive. And to afford the lifestyle you want, you need a plan. The good news is that saving for retirement doesn t have to be complicated. The key is to determine how much you ll need and then make sure you re saving enough. Saving more now could mean the difference between reaching your savings goal and falling short. How much will my retirement cost? Such a straightforward question. Unfortunately, determining how much money you ll need in retirement isn t an exact science. However, many experts suggest you ll need 75% to 85% of your current annual income to live comfortably. To get a rough idea of how much you ll spend, take your current income and multiply it by 85% (0.85). Then multiply that number by 20 years. Of course, you won t know how long you ll live in retirement, but 20 years is a good starting point. Why save more in my plan? Whether you are 5 years away from retirement or 40, saving in your employer s plan is a smart idea. Think about some of the benefits the plan offers: Saving in the plan is a piece of cake. Some of your pay automatically goes into your plan account every payday. Your automatic contributions to the plan can be made pre-tax, so your money can start working for you before the government taxes it. Plus, money in your plan account can continue to grow tax-free until you withdraw it in retirement. Ready to start saving more? Log on to vanguard.com/retirementplans or call 800-523-1188. Nailing down an exact dollar amount to save for retirement can be difficult, but there s no question that retirement can come with a hefty price tag. That s why it s important to save as much as you can now. 3
Christina Age: 23 I m young. I want to enjoy life. Saving more for retirement just isn t a priority for me right now. Celebrate graduation Land first full-time job Start saving for my retirement Adopt a Cocker Spaniel Get married Move into my first home Begin repaying my student loan Rent and furnish an apartment Welcome a new baby Buy a family car Celebrate graduation Land first full-time job Start saving for my retirement Adopt a Cocker Spaniel Get married Move into my first home Sign up for yoga class Increase my retirement contributions Visit Yosemite National Park 4 Begin repaying my student loan Rent and furnish an apartment Welcome a new baby Buy a family car Open a college savings account Take a beach vacation Continue my education
The time is now to take advantage of compounding The power of compounding When you ve just landed your first job, saving for retirement is probably the last thing on your mind. So why start saving now? In one word: compounding. Compounding refers to the snowball effect that happens when your investment earnings have the chance to generate even more earnings. These earnings can generate more earnings and so on. The results of compounding can be dramatic over long time periods, and this can really help grow your nest egg.* Still not convinced? Take a look at the chart to the right. Investment earnings Amount saved $44,143 20 Years saving $94,870 The benefit of saving early When you re young, it s easy to fall into an it can wait until later mindset about saving for retirement. But if you can boost your savings now, you ll give your money plenty of time to grow and you can avoid worrying at the end of your career because you haven t saved enough. *All investing is subject to risk, including the possible loss of the money you invest. Note: Example assumes saving $100 per month, a 6% rate of return, and a beginning balance of $0. This hypothetical illustration does not represent the return on any particular investment. The final account balance does not reflect any taxes or penalties that may be due upon distribution. Withdrawals before age 591/2 are subject to a 10% federal penalty tax unless an exception applies. 30 Starting early can make a substantial difference mostly because of how much earnings compound. Pay for unexpected plumbing problem Make catch-up contributions Pay for my daughter s wedding Plan best friend s 60th birthday Take up kayaking Enjoy retirement! Replace car Remodel the kitchen Help parents with expenses Pay off mortgage Spoil my grandchild 5
1 Frederick Age: 41 I m saving for my retirement. But I have way too many bills right now to think about putting away more for my future. Sign up for yoga class Increase my retirement contributions Visit Yosemite National Park Pay for unexpected plumbing problem Open a college savings account Take a beach vacation Continue my education Replace car Celebrate graduation Land first full-time job Start saving for my retirement Adopt a Cocker Spaniel Get married Move into my first home Sign up for yoga class Increase my retirement contributions Visit Yosemite National Park 6 Begin repaying my student loan Rent and furnish an apartment Welcome a new baby Buy a family car Open a college savings account Take a beach vacation Continue my education
The time is now to avoid getting sidetracked At this stage of your life, you may be more focused on how you ll pay for a child s college education or buying a new car than your retirement. Saving for multiple goals is part of life, but there are good reasons why retirement should remain high on your priority list. Saving for multiple goals Putting money aside for a child s college education is very important. Just remember that scholarships and financial aid can help with college costs. And there are low-interest loans. Need a new car? Again, you could get a low-interest loan. But you won t be able to finance your retirement that way. How much should I save? Consider saving 12% to 15% of your pay each year for retirement, including any contributions your employer might make. If you re well below this amount and you can get on track now, that s great. If you can t afford to make a big change, make a small one. Even an increase of one or two percentage points can make a big difference in how much money you ll have when you retire. Plus, you can always increase your savings rate again later. It may cost less than you think When you take taxes into account, it can cost less than you might expect to save more for your retirement. If you save on a pre-tax basis, every dollar you save through the plan comes out of your paycheck before federal income taxes are withheld. This most likely will mean an immediate tax break of at least 10% of the amount you set aside for your retirement.* *Exact amount of tax savings depends on your tax bracket. Pay for unexpected plumbing problem Make catch-up contributions Pay for my daughter s wedding Plan best friend s 60th birthday Take up kayaking Enjoy retirement! Replace car Remodel the kitchen Help parents with expenses Pay off mortgage Spoil my grandchild 7
55 Susan Age: 55 I wish I d saved more when I was younger. Now it feels like I ll never be able to retire. Make catch-up contributions Pay for my daughter s wedding Plan best friend s 60th birthday Take up kayaking Enjoy retirement! Remodel the kitchen Help parents with expenses Pay off mortgage Spoil my grandchild Celebrate graduation Land first full-time job Start saving for my retirement Adopt a Cocker Spaniel Get married Move into my first home Sign up for yoga class Increase my retirement contributions Visit Yosemite National Park 8 Begin repaying my student loan Rent and furnish an apartment Welcome a new baby Buy a family car Open a college savings account Take a beach vacation Continue my education
The time is now to catch up on retirement Once you re within ten years or so of when you d like to retire, you may realize you haven t saved enough to live the life you want. If that sounds like you, now is the time to kick your savings into overdrive. Annual contribution limits The good news is that there s almost no limit to how much you can save for your retirement. As far as saving in your employer s plan, the IRS does put an annual limit on how much you can contribute. In 2015, the limit is $18,000. Want to save more? Guess what? You can, provided you re age 50 or older and your plan allows catch-up contributions. For 2015, the IRS will let you contribute an additional $6,000 to your plan account. That would bring the grand total to $24,000 for how much you can save in the plan in 2015. Ways to save even more If you d like to save even more, you can contribute to an IRA or a nonretirement account. To learn about all the ways Vanguard can help you reach your savings goals, check out the What We Offer section of investor.vanguard.com. There s no denying that catching up on retirement savings can be challenging. But if you make a stronger commitment to saving, you might be surprised at how much you can accumulate in 15, 10, or even 5 years. Pay for unexpected plumbing problem Make catch-up contributions Pay for my daughter s wedding Plan best friend s 60th birthday Take up kayaking Enjoy retirement! Replace car Remodel the kitchen Help parents with expenses Pay off mortgage Spoil my grandchild 9
now The time to save more is The time to save more is now Increase your savings rate today for a more comfortable tomorrow. Log on to vanguard.com/retirementplans or call 800-523-1188 and take control of your financial future. Find the answers you re looking for Vanguard s MoneyWhys education and news center is a great place to turn when you have questions about investing. Want to see how saving more will affect your pay? Curious how much monthly income you ll need in retirement? Get answers to these and other questions, crunch your numbers, watch videos, and more at vanguard.com/moneywhys.
Ways to cut expenses Packing your lunch, brewing coffee at home, taking a more modest vacation these can all be great ways to trim expenses, provided they don t make you feel as if you re depriving yourself. If that sounds like too much sacrificing for you, or if you re already doing those things, here are some painless ways to find more money for retirement: Save your raise. If you get a raise at work, put that extra money in your retirement plan account. This boosts your savings without reducing your take-home pay. Find a lower credit card rate. If you don t always pay off your credit card balance each month, make sure your card has a relatively low interest rate. You can switch credit card companies or call the phone number on your existing credit card and ask whether you qualify for a lower rate. Adjust your tax withholding. If you get a tax refund, you re lending money interest free to Uncle Sam. Consider increasing the number of withholding allowances on your Form W-4 to have less money withheld. Refinance your mortgage. A lower rate could mean paying thousands of dollars less in interest over the life of your loan. Just make sure you ll recover the closing costs within the time you plan to stay in your home. Shop around for insurance. You need car and other types of insurance, but you don t want to pay too much. Costs can vary quite a bit from one insurance company to another, so do some research. 11
Institutional Investor Group P.O. Box 2900 Valley Forge, PA 19482-2900 About Vanguard Vanguard, one of the world s largest global investment management companies, is a very different kind of investment firm. We re owned by the Vanguard family of mutual funds. The Vanguard funds, in turn, are owned by their shareholders. This unique mutual structure is what aligns the interests of Vanguard with those of our clients. Connect with Vanguard vanguard.com/retirementplans > 800-523-1188 2015 The Vanguard Group, Inc. All rights reserved. 30600-94 012015