Mutual Funds To Invest In

Fixed Income Funds

These types of funds typically are designed to produce some recurring income, which means it will make regular cash distributions retirees can then use to pay mortgages, car payments, and other bills. An income fund is typically made up of a variety of different kinds of bonds, which can include municipal, United States Treasury, or corporate bonds. Although bonds do not usually have the highest returns of all investments, they are again a very safe a reliable investment that can help smooth out some volatility of a more aggressive investment portfolio. Although bonds have lower returns historically, there is some diversity among different bonds. Typically, the longer a particular bond takes to mature, the higher the return on your investment. So, if you don't need to access the money for a few years, some longer-term bonds can be a safe investment with relatively good returns.

Continue reading to learn the details about a slightly riskier investment, but one offering higher returns.