Scott Burns

Scott Burns by Scott Burns

December 21, 2014

A Giving Lesson From Charlie Mahoney

Charlie Mahoney was not a handsome man. At 60, he was short, bald, stooped and grizzled. The stoop came from back injuries as a jockey. A U-shaped scar on his scalp was further evidence of that career. His appearance wasn't improved by another career as a flyweight boxer. His ears wiggled from smashed cartilage. The... continue

December 18, 2014

Some Have Enough to Retire, Some Don't

Q: My question is very simple. I am 55 years old. I have a government job from which I can retire and have about a $4,000-a-month annuity. I also have a house payment of $1,600 (still owe 25-plus years), but no other major debt. And I have saved $450,000 in a 401(k) account. Can I retire based on this scenario? -- T.H.,... continue

December 14, 2014

Living Larger, but Avoiding Ruin

"I'll have a great retirement -- provided I die by Friday." For those who have little or no savings, that grim witticism pretty much sums it up. For the rest of us, retirement spending is a delicate dance. Uncertainties here (What kind of return will I get on my savings? Will inflation be... continue

December 04, 2014

If You're in the Thrift Savings Plan, Stay in It

Q: My question deals with transfers from the government's Thrift Savings Plan (or TSP) into other investments. The TSP seems to provide a no-lose investment strategy for retirement saving, with its conservative selections such as government bonds with guaranteed principal protection and seemingly low-cost... continue

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