Author Ivie Burns

Putting Financial New – Good or Bad – In Context

While it may be difficult to discuss, don’t put off selecting someone to oversee your medical and financial affairs. Additionally, knowing that arrangements have already been taken care of may reduce the stress on your loved ones during trying times. Here are some questions to consider when meeting with an advisor or attorney about planning Read More

Behind the Sticker Shock: The Real Cost of College

The numbers are enough to rattle the bank accounts of even financially comfortable families. Ivy League bastion Harvard College is charging $58,607 for the 2014-2015 academic year. That figure, which is 3.9% higher than the $56,407 price tag for the previous year, includes tuition, room and board and fees. Yale announced similar cost increases –a 4% Read More

Social Security and Medicare: What the Future Holds

Will you be able to count on Social Security and Medicare when you retire? This article looks at the latest Trustees’ Reports, and considers likely future scenarios to fund the two programs.   Social Security benefits currently represent approximately 37% of the aggregate total income of Americans aged 65 and older, according to the Social Read More

Social Security and Retirement: What a Surviving Spouse Needs to Know

The Basics of Spousal Benefits   As the surviving widow or widower of someone who had participated in Social Security, you are likely to be entitled to benefits on your spouse’s account. This would be true whether or not you’ve earned any benefits based on your own work history.   Here are some common scenarios: Read More

Putting a Perspective on Inflation

The term “inflation” figures importantly in discussions of finance and investment. But many kinds of numbers may be bandied about, and they don’t all mean the same thing. Here’s an overview of the principle measures of inflation: The Consumer Price Index (CPI) measures the changes in price for fixed baskets of common consumer goods and is Read More

Are You Being Financially Bullied?

Descriptor Financial bullies come in all shapes and sizes: husbands who insist on control of their wives’ money; wives who control finances by manipulating the purse strings; domestic partners who insist on making all financial decisions. In fact, bullying is common behavior. A 2013 survey conducted by Credit Karma found that one-in-10 respondents classified their Read More

What Today’s Workers Can Expect From Social Security Tomorrow

Did you know that the age at which many workers will qualify for full Social Security benefits has risen to 67 from 65? If that’s news to you, you’re not alone: The majority of workers are still in the dark about Social Security eligibility requirements and many expect to qualify for benefits payments sooner than Read More

Children and Money: Lessons in Self-Control

We all know that money doesn’t grow on trees, but do your children really know how to manage it? Making the connection between saving first and spending later makes possible a lifetime of responsible money management. You can emphasize this connection by following a plan of age-appropriate techniques designed to emphasize the importance of controlling Read More

Transition Checklist — Life Events That Could Alter Your Investment Plan

The potential for change is one of the few constants in life. Whether your circumstances evolve unexpectedly or as the result of careful planning, you may have to alter your investment strategy. The following are transitional events that may present opportunities or savings obstacles: Changing jobs — If you change jobs or get promoted and receive Read More

Need More Money?

A common question financial planners hear from clients is, “How can I save more than I’m saving now?” Fortunately, there are several ways you can accomplish that goal with a bit of professional help. Consider the following: Monitor expenses. Lowering your expenses by a modest amount such as 1% could allow you to boost your savings Read More