More funds to make your money last. August 31, 2008 Several other top players in the retirement-income market offer funds, each with its own spin.Charles Schwab Products: Three Monthly Income funds. Underlying Investments: Schwab and Laudus stock and bond funds. Goals: Moderate Payout (SWJRX): 3% to 4% annual payout, with highest growth potential. Enhanced Payout (SWKRX): 4% to 5% annually with moderate growth potential. Maximum Payout (SWLRX): 5% to 6% annually with lowest growth potential. Expenses: 0.73% annually (Maximum Payout fund) to 0.88% annually (Moderate Payout fund). Expense ratios include fees of underlying funds. Schwab is waiving management fees beyond those of the underlying funds through February 2009. Minimum Investment: $100 Term: Begun March 2008, they run indefinitely. Bottom line: Similar to Vanguard products, but more expensive. RELATED LINKS New Ways to Tap Savings An Income to Last a Lifetime Investments That Pay You Every Month DWS Investments Product: LifeCompass Income (INCAX) fund Underlying Investments: Stock index funds, zero-coupon bonds, short-term instruments. Goal: To make regular, semiannual distributions that add up to an 8.25% yield based on the fund's initial $10 net asset value. A warranty from Merrill Lynch protects the distributions and insures that investors get at least $1.75 per share or the fund's NAV at the end of the fund's life, whichever is higher. However, if the fund has to use the warranty to make a distribution before 2017, the fund ends with a final payout. Expenses: The warranty helps make this an expensive fund -- 1.87% annually. Minimum Investment: $1,000. Term: Begun December 2007, it expires in 2017, unless it has to tap the warranty to pay distributions before the fund expires. Bottom line: Complicated and pricey. Russell Products: Three funds: 2017 Retirement Distribution (RRDAX), 2017 Accelerated Distribution (RADAX) and 2027 Extended Distribution (REIAX). Underlying Investments: Stock, bond and real estate portfolios managed by a variety of top fund companies, including Marsico and Wellington. Goals: To make annual distri-butions of 6% (Extended), 7% (Retirement) and 10% (Accelerated). Expenses: Class A shares charge a 5.75% load, and annual expenses run 1.23% to 1.34% annually. Minimum Investment: N/A Term: Begun December 2007, the products expire in the year named, at which time they hope to return "a portion of the capital initially invested." Bottom line: Cherry-picking top fund managers should make for good returns, but the funds are expensive. High sales fees make them inappropriate for do-it-yourself investors.