"This Element is an excerpt from Higher Returns from Safe Investments: Using Bonds, Stocks, and Options to Generate Lifetime Income (ISBN: 9780137003358) by Marvin Appel. Bond mutual funds can be desirable if you want the yield you can get from longer-term bonds but want the freedom to access some or all of your investment in the nearer term. But beware--most bond funds are not worth your trouble, especially those that come with an up-front or back-end sales load or funds with high-expense share classes such as class C shares"--Resource description page
