A set amount of income that doesn’t change, and that you can always rely on. The most common type of fixed income is a bond (corporate or government). Fixed income durations vary. For example, for US government fixed income, called Treasuries, the shortest is a bill (under a year); then a note (1-10 years); and finally a bond (10+ years). (See also: Bond)« Back to Glossary Index
A simple 12-step plan to leap over the wealth gap once and for all.