Part of the balanced ETF portfolio we use is the iShares Barclays TIP. Here is an article from Kiplinger.com on TIPs:
"Worried about inflation? You should be. True, the recession and the listless economic recovery have kept a lid on prices for the past couple of years. But Uncle Sam's profligate deficits and easy-money policy will likely stoke higher prices down the road.
When inflation starts to bubble up, Treasury inflation-protected securities can turn down the heat on your portfolio."
Source: Kiplinger
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