TIPS ON TIPS
April 2007
What are the choices for boosting real after-tax yields for wealthy investors?
By James Picerno
Inflation is an equal opportunity risk, harassing everyone
regardless of race, creed, color or portfolio size. Yes, the threat can
be neutralized to a degree with Treasury Inflation-Protected Securities,
or TIPS. But it’s an imperfect defense. TIPS may be many
things, but tax-friendly isn’t one of them.