Byron Moore

Byron is a Certified Financial Planner and Managing Director of the Planning Group at Argent Advisors, Inc.

Byron has been in the financial services industry since 1982 and a Certified Financial Planner® practitioner since 1991. His financial columns have appeared in three North Louisiana Newspapers since 1993. His Money Matters television segment aired weekly on KNOE TV's Good Morning Ark La Miss from 1995 through 2010.

With 30 years of experience in the financial services industry, Byron designs and implements financial plans that seek to protect, grow and enhance the enjoyment of his clients' wealth.

In addition to financial planning, Byron provides asset management services. Insurance services are offered through the affiliate Argent Insurance Services. Trust services are offered through the affiliate Argent Trust.

Byron and his wife Melinda have four children. They are why he smiles a lot.

401(K) 2012 / Flickr.com https://tinyurl.com/y82mdaws

Annuities may be a useful tool in your retirement income toolkit. But they are no substitute for a plan.

An annuity is guaranteed money in your mailbox every month.

 

The most common way to get that check coming your way is to make a contract with an insurance company (that’s what’s happening when you buy an annuity). You may either give them a lump sum of money (for example, $100,000) or you may make a series of payments to them (such as $1,000 per month).

Getting back to normal

Jul 25, 2018
Ren Kuo / Flickr.com https://tinyurl.com/yb9a5cqa

When are things going to get back to normal?

Funny, isn’t it - things are always getting back to normal. But they are rarely normal. What’s that all about?

In math, they call this reversion to the mean. A simpler way to express this might be “the more things change, the more things stay the same.”

Christos Tsoumplekas / Flickr.com https://tinyurl.com/yb3qazpm

Fear is a funny thing – it often tricks us into exchanging one perceived problem for a much larger one.

I don’t know too many folks who break into a cold sweat when they get into a car to drive a few hours. But let that same person board an airplane, and they are much more likely to experience a heightened sense of fear, even dread.

 

The National Safety Council estimates your lifetime odds of dying in a car accident at about 1 in 100. For air travel, the lifetime odds are about 1 in 200,000.

Investment Zen / Flickr.com https://tinyurl.com/y7lb7lmq

Is it a good idea to pay off your home mortgage loan early?

I find there is an economic answer to that question and an emotional answer to that question.

 

Which is right? That depends on who YOU are…

Well, I’m glad I could clear that up…

Thomas Hawk / Flickr.com https://tinyurl.com/ybxf26ls

Happy fourth of July. I’m looking forward to this day! A break in the middle of the week so we can celebrate America’s birthday – 242 years old, to be exact.

And while you lounge in your lawn chair or splash your feet in the water, waiting for those burgers to cook to juicy char-broiled perfection, it might a good time to ponder this question …is the dream…the American Dream … still alive?

The true American Dream? Yes, I’d say it is now alive more than ever.

Path to Money Maturity

Jun 27, 2018
Tiz / Flickr.com https://tinyurl.com/y9vsgoof

I could summarize a question (often asked in the form of a complaint) that I get over and over again – how do I instill money maturity in my children?

Based on what I’ve seen so far, the only perfect kids are grandkids. And I’m pretty sure no one has come up with a failsafe plan for how to raise those.

But I do believe if you at least know what you want, you know where to focus your efforts. So here’s my two cents on the path to maturity in life. And the ripple effect of this maturity will not only be felt financially, but also in every other area of life.

Becky McCray / Flickr.com https://tinyurl.com/ybmdhf5w

Last week I suggested that no small business can be really successful until it is ready to be sold.

 

A sale requires a willing buyer with sufficient resources to buy the business. And most of the time, both the buyer and the resources to buy must be developed by the current business owner, or the business won’t get sold at all. The owner will simply close the door and leave lots and lots of potential wealth in the trash heap of items he said he would “get around to doing one day when I have the time.”

Pacific Fishery Management Counci / Flickr.com https://tinyurl.com/y7ch5t85;

There are a lot of ways to judge the success (or lack thereof) of a small business: how much stuff they sell, their profits, number of employees, years in business or any combination of these things. Each of these factors is important (perhaps irreplaceably so).

 

eedwardmorrison / FLICKR.COM https://tinyurl.com/yaye4kq8

In order for priorities to be profitable, they must first be planned and then be practiced.

John Maxwell writes, “There are two things that are most difficult to get people to do: to think and to do things in order of importance.” Maxwell says this is the difference between a pro and an amateur.

So, step one is the thinking part – you’ve got to put together an actionable plan that gets you where you want to go as efficiently as possible. Here are the priority areas (as I see them) for any well-rounded financial plan.

401(K) 2012 / FLICKR.COM https://tinyurl.com/ybloffdx

When it comes to spending, are you in control or out of control?

Well if you tilt towards the out of control camp, you’ve got a lot of company. But the good news is…you can change.

But it won’t be easy. And you likely can’t do it alone.

Some people look at themselves in the mirror and see someone who is out of control, impulsive and just plain messed up when it comes to spending habits.

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