Scott Burns

Scott Burns by Scott Burns

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

November 30, 2014

A Home-Based Investment That Works for Many

The first home I bought cost far more than I could afford. Worse, it needed renovation from top to bottom. In spite of that, owning it was a comfortable experience. The monthly expense of living there was stable for the 20 years it was home. How could that be possible? Simple. It was a lovely... continue

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