How can I make content appear beneath a fixed DIV element?

What you need is an extra spacing div (as far as I understood your question).

This div will be placed between the menu and content and be the same height as the menu div, paddings included.

HTML

<div id="fixed-menu">
    Navigation options or whatever.
</div>
<div class="spacer">
    &nbsp;
</div>
<div id="content">
    Content.
</div>

CSS

#fixed-menu
{
    position: fixed;
    width: 100%;
    height: 75px;
    background-color: #f00;
    padding: 10px;
}

.spacer
{
    width: 100%;
    height: 95px;
}

See my example here.

This works by offsetting the space that would have been occupied by the nav div, but as it has position: fixed; it has been taken out of the document flow.

The preferred method of achieving this effect is by using margin-top: 95px;/*your nav height*/ on your content wrapper.