4 Excellent Fixed Income Funds for Retirees

Does it seem as if you are one of the tepid bears in this market? You are not alone. Too many signals indicate that your peers ought to be humble in their investment approach over the next few years. Data suggests that, even now, consumers are far from ready and willing to spend at pre-recession levels. According to the Thomson Reuters/University of Michigan index of consumer sentiment, current levels of consumer confidence are far below the pre-recession figures in the five years leading up to the beginning of the latest recession in December 2007, and currently stand at 64.5 as of the New Year. In addition, the personal savings rate is generally ranging between 2 and 5 percent for the past 12 quarters, which is a far cry from the spendthrift consumption of the early and mid-2000s. More than half of the mortgages in the country are underwater. Forget about selling your home soon at a reasonable price: There are still seven months of supply of existing homes on the market as of December 2011. This is still above the four to five months supply in a healthy housing market. Not to mention, consumer goods is one of the worst-performing…