Scott Burns

Scott Burns by Scott Burns

February 01, 2015

The New Cash

Economist David Ranson asks a question we all want answered. What can we use as an alternative to cash? Listen to his answer. The question comes up because it is punishing to hold the instruments that investors call cash or cash equivalents -- Treasury bills, money in savings accounts and bank certificates of... continue

January 29, 2015

Worried About Rising Interest Rates? Consider a Ladder

Q: I am 70 years old and retired. I have seen many recommendations to shorten up on bond duration as a way to protect against rising interest rates. But with federally insured three-, four- and five-year certificate of deposit yields now at 1.5, 1.9 and 2.2 percent, wouldn't a simple CD ladder be a better choice? ... continue

January 25, 2015

Introducing the Disgruntled Retiree Index

Allow me to introduce a new economic indicator. It doesn't come from a government agency, nor is it the creation of a right- or left-leaning think tank. In a land of indices and measures, there is so little attention to this problem that I had to create the measure myself. I call it the Disgruntled... continue

January 22, 2015

Will Nursing Care Take All Your Money? Maybe Not

Q: I'd like your opinion for sheltering our money. I'm 67 and my wife is 62. I retired at 55; she retired at 50. We both have pensions that are adequate. I'm collecting Social Security. Our IRAs total $875,000 and we have yet to withdraw any money from them. In both local and high-interest checking, we have... continue

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