It's not easy for retirees to create budgets when payments from income-oriented investments like bond funds and REITs change over the course of the year with interest rates and stock market swings, and that's why the ING Global Target Payment Fund provides a better alternative, says portfolio manager Paul Zemsky. The highly diversified fund currently pays $.045 per share per month, or 6% a year. An investor holding 10,000 shares receives $450 a month, plus potential capital appreciation.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Video

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

This Could Be the Summer of Hard Seltzer

This Could Be the Summer of Hard Seltzer