Treasury Bills–Safe?

Question: Given the national debt, the federal deficit, the bailouts, the war, the sliding stock market, etc., are T-bills still a safe place to put a retiree’s money?… Pat, Lakeville, MN

Answer: Yes. Treasury bills, notes and bonds are backed by the full faith and credit of the federal government. They are a default-free investment, a bedrock investment. Your money in Treasury bills is safe.