After this year’s mauling, you can finally get a steady stream of retirement income from Treasury inflation-protected securities, or TIPS
Illustration: Jarred Briggs
If you’ve been thinking that this year’s miserable returns on stocks and bonds have put a safe retirement out of reach, think again.
Thanks to the recent rout in bond prices, Treasury inflation-protected securities, or TIPS, have turned into a cheap form of insurance for the first time in more than a decade. Buying and holding them in your retirement portfolio can help assure you of a lifelong stream of income that won’t be devoured by the rising cost of living.
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