<prompt> Human: Parents are in their late 60s and getting ready to retire. Are there any corporate or municipal bonds that are relatively safe that offer these type of returns are is that wishful thinking? Their current investment adviser charges 2 per year so they would need to make a return of at least 5 to get them where they need for income during retirement. edit: he is not a fiduciary, I did have them watch Jon Oliver Sorry for the basicNOOB questions.Thanks!  <response>: Vanguard Managed Payout Fund, for example, attempts to payout 4 per year while preserving or increasing the value of the portfolio. No guarantees.Something like that would be a simple solution. Would not require 2 per year to the financial adviser. 