Thanks for sharing your thoughts Joe.

I agree that most people should have a few months’ expenses, or at least a few thousand dollars in ultra-safe, fully liquid assets such as (relatively) high-yield savings accounts.

However, In some cases, as I describe in the article, you may not need much money in such accounts.

I do agree that you can use the types of bonds you mention, including TIPS, to keep up with inflation. However, as I wrote elsewhere, you’ll probably have to pay taxes on keeping up with inflation, which could result in your still losing buying power. Also, there is some interest-rate risk in that almost any bonds will lose value if and when rates go up.