You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.
Unfortunately, there is no silver bullet that will allow you to invest, keep pace with inflation, and realize “little or no risk.” However, one option that you might consider incorporating in your portfolio are U.S. Government Treasury Inflation Protected Securities (TIPS). They are government bonds designed to protect against inflation. The bond principal increases with inflation – or decreases -- as measured by the Consumer Price Index. The interest is then paid on the higher – or lower – principal, thus providing protection in an inflationary environment. You can buy these bonds directly from the U.S. Treasury or through a mutual fund that focuses on TIPS.
If you’re game for a bigger helping of risk, a diversified portfolio that includes the above-mentioned TIPS plus commodities, stocks, bonds and some guaranteed investments (such as CDs or fixed annuities) may be your best bet.