- Kent Smetters: I Bonds protect against inflation and are backed by US Treasury
- I Bonds are probably the safest "base layer" of retirement investment possible, Smetters says
Kent Smetters, a former deputy assistant secretary for the US Treasury, is a professor at the University of Pennsylvania's Wharton School, a faculty research fellow at the National Bureau of Economic Research and the faculty director of the Penn Wharton Budget Model. The opinions expressed in this commentary are his.
(CNN)Here's an important tip for year-end financial planning: Getting started now will allow you to secure a safe source of savings as well as tax benefits for the current year. But you might want to hurry because the clock is ticking if you want to invest before the end of the calendar year.