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.

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