Question by Blue: Is investing in TIPS wise for a retired person at this time?
Although I have a diversified portfolio, social security and a pension, I see my total investments plunging. Where can I invest for financial security? I “thought” I had a good long term plan.
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TIPS is a good idea for any portfolio, especially for a retired person. Your guarantee to match inflation.
If you still have a large stock portfolio, it might be good to sell some calls (aka covered calls) to generate some monthly profit.
as a retired person with a diversified portfolio you have at least 55% of your assets in bonds, maybe 35% in equities and 10% in cash..
TIPS are ok for a portion of your bond portfolio.