I'm retired, and so is my spouse. I spent my career in computers & software; she, in health care and pharma. We were pretty much in mutual funds in our IRAs/401-K, and got hosed in the great recession sell-off. Started buying dividend stocks, and got hosed again by DOW, Phizer, BOA, GE dividend cuts and the great BP debacle. Also learned about "high dividend foreign stocks" with German nuclear utilities, French telecom, and Veolia. Got a little smarter (maybe) with MLPs, REITs, bonds I would hold to maturity if they didn't get called. Still holding Joel Tillinghast and Will Danoff funds, which I harvest when they are up 20%. Bought a bit of Doubleline and Pimco which are throwing off monthly income. The funds are the only assets that represent more than 2% of our holding.