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Bob was still advocating Vanguard's GNMA *
on today's show. For those worried about value variations he's still recommending laddered CDs. FDIC insured, of course!

*Vanguard's GNMA fund has Fed backing and you can have a check book (min check $250) so as to have instant access to your money if you need it.

Or, if you have enough money

The Government National Mortgage Association (GNMA, also known as Ginnie Mae) is a U.S. government-owned corporation within the Department of Housing and Urban Development (HUD).

Ginnie Mae provides guarantees on mortgage-backed securities (MBS) backed by federally insured or guaranteed loans, mainly loans issued by the Federal Housing Administration, Department of Veterans Affairs, Rural Housing Service, and Office of Public and Indian Housing. Ginnie Mae securities are the only MBS that are guaranteed by the United States government.
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