Scott Burns

Scott Burns by Scott Burns

September 21, 2014

When Fees Cost More Than Taxes

If the federal income tax did not exist, the insurance industry would beg to bring it back. I'm not kidding. Nothing sells financial products better than avoiding or deferring taxes. And it happens that the insurance industry has a lock on tax deferral through annuity contracts. Yes, it's... continue

September 11, 2014

Social Security: It's Not an All-or-None Thing

Q: My husband and I are in our late 40s. We are saving for retirement with the assumption that Social Security will be bankrupt by the time we retire. We are not planning on receiving anything. We don't feel we should rely on Social Security benefits to support ourselves. We hope to be happily surprised if we are... continue

September 07, 2014

Websites: 1 Billion and Counting

Also, the table referred to in the column text below is posted on our server with a filename of sb140907_chart.pdf. You can contact Patty Adams at padams@amuniversal.com for an emailed copy. No one rang a bell. And you may not have noticed. But sometime in late July the number of websites in the world may have... continue

September 04, 2014

How to Pay Nearly 2 Percent to Own an Index Fund

Q: My wife and I are 76 years old. We have no retirement fixed income other than Social Security. Our nice house is paid for. We have a nest egg of just under $1 million invested in three conservative portfolios of managed funds. The portfolios include domestic and some foreign equities, short-term corporate bonds and... continue

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