TIPS protect your investment from inflation. They pay interest twice a year with no default risk, although they have price volatility. Read More: https://www.thebalance.com/how-do-tips-work-417128?utm_source=emailshare&utm_medium=social&utm_campaign=shareurlbuttons

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Source: https://sincityfinancier.wordpress.com/2021/07/20/shared-from-thebalance-com-how-do-tips-treasury-inflation-protected-securities-work/