I need to invest apprx. 1.5 million in retirement income bearing instruments. Am I better off in a state muni bond fund or in funds like Wesseley/Wellington,Target income fund or should I diversify among them. I am trying to secure a safe return ($55,000) and some inflation protection. I'm not adverse to earning more if there are better investments. I've manged to make some money over my career but I'm not sure on investing it.