Scott Burns

Scott Burns by Scott Burns

August 24, 2014

The Five Secrets to 'Happy Money'

The nearest Starbucks to my house is 15 miles away. It is in the town of Bee Cave, Texas, which also happens to be the location of the West Pole. If you are thinking of visiting one of the poles, try the West Pole first. Unlike the North or South poles, shopping is close by. No special clothing required. Indeed, if you... continue

August 21, 2014

Closed-End Muni Funds Open You Up to Risk

Q: How about municipal bond funds rather than individual bonds? Do they make sense? I have money in a closed-end muni fund (MAV) that's paying over 7 percent. The interest income comes in at the end of the month, every month. I know that can't go on forever, and I would imagine when interest rates go up I will... continue

August 17, 2014

Retirement Crisis a Manufactured Emergency

I've lost count of the surveys telling us that all Americans will suffer deprivation when they retire. I'm sure you have, too. A recent Harris Poll found that 74 percent of Americans worried about retirement. The National Retirement Risk Index now indicates that 53 percent of Americans are "at risk." ... continue

August 14, 2014

Exchange-Traded Funds a Boon for Small IRA Accounts

Q: I have a small IRA that I have in certificates of deposit at a local credit union. The interest rates are low low and I am willing to move the funds. But I need advice about where and how. I love your idea of low-cost investing. Are there funds that will take my small contributions of $500 at a time? The total balance... continue

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