Scott Burns

Scott Burns by Scott Burns

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

August 10, 2014

Social Security & Medicare: Getting Worse, but Out of Sight

Here today, gone tomorrow. Attention to the annual reports from the Social Security and Medicare Trustees disappeared overnight. They were released on July 28, and media reports noted the lack of exciting news. It appears that things are getting better, if you can believe it. (You can't.) Exhaustion of... continue

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