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It's Time for a Financial Checkup

It's good to get in the habit of assessing your investment mix once a year. After all, planning for retirement doesn't stop once you've chosen your 401(k) plan investments for the Consolidated Edison Thrift Savings Plan. Financial circumstances and goals can change, and strong or weak markets can push your investment program off course.

Studies have shown that maintaining the right mix that is, focusing on how you combine the basic asset classes is more important than trying to guess which fund is the best or predict the right time to buy or sell. In fact, experts agree it's one of the key factors in determining investment results.

Whether you are a novice or experienced investor, four simple steps can help you create and maintain the right mix of investments:

1. Identify your goals and time frame. Once you know why you're saving (in this case, for retirement), you'll be able to determine your time horizon.
2. Complete the Investor Questionnaire. The questionnaire will lead you to a suggested investment mix based on your risk tolerance, goals, and time frame. Complete the Investor Questionnaire online at or call Vanguard Participant Services for a paper version.
3. Decide on your investments. Select your funds in proportion to your suggested investment mix.
4. Take charge of your savings. Look at your investment strategy annually to make sure it's still working for you.

The Doctor Is In

Vanguard can help you keep up to date on investing for retirement and prepare for a secure financial future. Vanguard offers:
  • Online access. Visit to learn more about mutual fund investing, including which funds are right for you; manage your retirement plan portfolio from home; increase your knowledge about investing and personal finance; and calculate how much money you'll need for retirement.* These and other services are just a mouse click away 24 hours a day, seven days a week.
  • Help by telephone. Call 1-800-523-1188 and use the 24-hour automated VOICE Network to conduct transactions, get detailed fund information, and more.** Or speak with a Vanguard Participant Services associate Monday through Friday from 8:30 a.m. to 9 p.m., Eastern time, for help with transactions and answers to your questions.
  • Financial counseling services. If you have a complex financial situation and need the expertise and guidance of a professional, Vanguard Personal Financial Planning Service can do a one-time investment, retirement, or estate-planning analysis for a nominal fee. Call 1-800-523-1188 for more information.
Remember: Planning for retirement doesn't stop once you've chosen your investments. Regular monitoring and prudent allocation changes (made only when needed) can increase your chance of meeting your financial goals.

For more information about any fund, including investment objectives, risks, charges, and expenses, call The Vanguard Group at 1-800-523-1188 to obtain a prospectus. The prospectus contains this and other important information about the fund. Consider and read the prospectus information carefully before you invest. You can also download Vanguard fund prospectuses at

*You can register for immediate, secure online account access at You will be asked to use your appropriate plan number 090404, 090041, or 090042. (Plan numbers can be found on your statements. If you are in more than one plan, you need use only one number to register.) Call Vanguard at 1-800-523-1188 for assistance.

**You will need your personal identification number (PIN) to use VOICE. If you don't have a PIN, call Vanguard at 1-800-523-1188.

Vanguard Personal Financial Planning Service is provided by Vanguard Advisers, Inc., a registered investment advisor. Vanguard Asset Management Services are provided by Vanguard National Trust Company, which is a federally chartered trust company operated under the supervision of the Office of the Comptroller of the Currency.

Vanguard and VOICE are trademarks of The Vanguard Group, Inc. All other marks are the exclusive property of their respective owners. © 2004 The Vanguard Group, Inc. All rights reserved. Used with permission.