If your T bills are paying 2% and inflation is 10% you are losing 8% a year. And that doesn't even take into account taxes. So T bills are not risk free.
That's where I bills come in to play. The problem is you're limited to $10K per person a year. You can do an additional $5,000 If it comes directly out of your tax return. Current interest rate is 0 plus the CPI twice a year. Current guess for May is over 9% which is 4.5 per 6 months. If you were lucky enough to have bought a few years ago the fixed rate was 3 and you would get 12%. If inflation goes to 0 you get 0 never negative. So if a CPI is 1 it works out to 2%. Must keep a year for full rate and if sold under 5 years you lose 3 months.
