If you are interested in owning Treasury Inflation Protected Securities (TIPS), the Treasury is supposed to make an official announcement today of a 9/2/2010 auction of TIPS having a ten year maturity. If you are within 1-10 years of retirement, this would be an excellent way to add to your portfolio of guaranteed, inflation adjusted assets.
< I will by purchasing some of these ten year TIPS inside my 401(k) plan. Buying TIPS at auction is the best way to obtain a more predictable and fair price, compared to the secondary market.
For more on why I am doing this, go back and read my post on creating a plan for guaranteed retirement income.
Here is the link to the Treasury Auction announcement page.
Do any of you own or plan to buy TIPS at auction or on the secondary market?