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.

Why Save Money?

Nov 8, 2017
Images Money / Flickr.com https://tinyurl.com/y8rjh2s2

Why save money anyway?

I meet folks all the time who say “I’m never going to retire. My philosophy is to live for today and not save a bunch of money for a day I may never reach.”

When someone tells me that, I’m always tempted to respond - why stop there?

If you can simply will your way to work as long as you live, why not just will yourself to not get sick or die?

Not so simple, is it?

simplyrikkles / Flickr.com https://tinyurl.com/y9v96hdz

You are retired. You live comfortably. Sure, no one would say you are rich, but you have more than you need; and whatever assets you may have left once you are gone, you’d like to leave to your children. Maybe some to the grand kids.

Do folks like you…need a will?

Yes, I believe you do.

First, let me offer a very clear disclaimer. I am a financial planner, not an attorney. So anything I say is simply my understanding of the law and should not be considered legal advice. For legal advice, see an attorney.

Secondly, if you have wills, make sure they are valid.

Paul Townsend / Flickr.com https://tinyurl.com/y958pyo7

Many of the really smart people I knew in high school or college are now doctors. I can’t think of any single profession filled with more exceptionally bright individuals.

And yet, what if I told you doctors do no better with their money that the average Joe?

You be the judge.

LC_24 / Flickr.com https://tinyurl.com/y7c97822

For most of us, making decisions feels very difficult.

Making a decision means you are saying yes to one thing and no to a myriad of alternatives (sort of like getting married). Keeping the door open to the perception of unlimited choice usually ends up being unsatisfying … but it keeps the stress of making an actual decision at bay.

Making financial progress (or progress in any realm of life) is only going to happen if you grow in the skill of decision making. Here’s a process you can use to make a hard decision:

Julie Kertesz / Flickr.com https://tinyurl.com/y725bw7f

How many mutual funds do I need to own to be properly diversified?

A lot more than you think.

Sometimes we think about diversification in a very one dimensional sense. Maybe we need to diversify our thinking … about diversification.

First of all diversification is fancy language for not putting all your eggs in one basket. It is the art and science of embracing variety over specificity for the purpose of reducing the risk of significant loss.

Hamza Butt / Flickr.com https://tinyurl.com/y8zjkqpr

Last week we identified four bases you need to cover in your planning for retirement income: you need contentment for emotional health, a baseline budget for financial health, and a budget for both expected big stuff and unexpected bad stuff to make sure neither causes your financial house to collapse on your head.

Hamza Butt / Flickr.com https://tinyurl.com/y8zjkqpr

Have you ever read or heard that on average you’re going to need 70% of your working income in retirement.

Be careful when mixing averages and real life. If I put one foot in a bucket of ice and the other foot on a hot stove, on average, I’m comfortable. But in real life…

There are four things you need for a financially and emotionally (yes the two are linked) healthy retirement:

houston, i am the problem / Flickr.com https://tinyurl.com/ybmqehvm

If you find that you and your spouse argue a lot about money, the good news is that you aren’t unique. Approximately half of all divorces can be traced to money problems.

I am crazy in love with the woman I married thirty-two years ago. But, hooo-weee have we had some knock-down, drag-out fights. (OK, for the record, she has never knocked me down or dragged me out. That was just a figure of speech.)

DennisM2 / Flickr.com https://tinyurl.com/y84at5k3

I ran across an article some time back with the headline, “When a million isn’t enough: why bankers struggle.” The million wasn’t their savings – it was their annual income. And (fighting back sniffles here), it apparently isn’t enough.

“It’s really not that unusual to find Wall Street bankers who are close to declaring themselves bankrupt,” said Gary Goldstein, co-founder of U.S. search firm Whitney Partners. “Some people are really struggling.” And on and on the story went.

I know, I know…my heart is breaking too…

Financial Organization

Sep 7, 2017
Jen Kim / Flickr.com https://tinyurl.com/yc778sa7

Ever wonder where to start when that nagging feeling hits you that say, “I’ve GOT to get financially organized!”

Let’s not do this: straighten up all the unopened bank statements and investment account reports on your desk and call that financial organization.

That’s just making your mess look neater.

For something to be organized, it has be ordered, structured toward some purpose and well thought out. To do that, you’ve got to know what you have, where it is, why you have it and contact information for each separate service provider.

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