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Long and short of it, the market stinks.* I've been early retired for several years and just don't want to spend my leisure time watching stocks go nowhere.
With a decent pension and covered medical insurance till Medicare kicks in, it looks like my withdrawal rate will be slightly below 2%.
But wait, currently TIPs yield 1.75% over inflation.* I realize that even the 30 year TIPs mature in 2028, but if I'm willing to take the risk that interest rates will drop in 23 years, what would be wrong with a retirement portfolio of 100% TIPs?
If inflation skyrockets, so will my rate of return.* If deflation hits, I'll still be guaranteed my principal and a little interest.
Please tell me what I'm missing.* (Just be kind about it.* The mother-in-law thinks I'm an idiot, just don't want to see confirmation on the internet.)
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