Fixed income refers to investment types that provide returns in the form of regular, fixed payments. Common examples include bonds, treasury bills, and certificates of deposit. Investors receive a predetermined interest rate over a specified period, making it a stable option for those seeking predictable income. This investment strategy is often favored by conservative investors, such as retirees, who prioritize capital preservation and steady cash flow. While fixed income investments typically offer lower returns compared to stocks, they are generally considered less risky, providing a buffer against market volatility.