I am resubmitting my question hoping to get some input!
I just became aware of the existence of fixed income ETFs with defined target dates. Guggenheim Investments (see http://guggenheiminvestments.com/Products/etf/Profiles
) offers investment grade corporate as well as high yield corporate ETFs with defined target dates. Their use could be an ideal way to create short term bond ladders with diversification, something unavailable up to know unless large amounts of moneys are invested. It seems to me that these ETFs could be attractive for retired people who need steady monthly income stream, and if kept to maturity and there is no bond default, the investor is assured to get the money back, like a regular bond.
Has anyone considered these investment tools?