| | Fixed income? Baaaah!March 27, 2009 - Jody MurphyFixed income. Oh how I LOATHE that term. I can't tell you how many times I have cringed and bit my lip when some retiree mentions they are living on a fixed income. I got news for ya ... I too am on a fixed income. In fact, most people I know are on a fixed income. Do these people know what a fixed income actually is? To me, it is regulated income a person receives at the end of each pay period. Just like the retirees, my income is fixed. My check is the same every two weeks. So is my wife's. I would argue retirees have a less fixed income than I do. Being retired and collecting social security and retirement benefits, they could still go out and work part-time.. thereby adjusting the so-called fixed income. Article CommentsNo comments posted for this article. Post a Comment | |