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.

PicturesFromWords / Flickr.com http://tinyurl.com/j98q28j

Everybody wants to go to Heaven, but nobody wants to die to get there.

Here is a self-discovery conversation I often have with people: suppose you are 35 years old and need $1 million to retire at age 65. So you’ve got 30 years. You figure you can save $10,000 a year and let’s just say your financial crystal ball says you could earn 5% per year on the money.

At the end of 30 years, you’ll have almost $700,000.

“But that’s not enough,” you observe. “I need a million to retire.”

OK – so what shall we change in this equation?

Gregory Roberts / Flickr.com http://tinyurl.com/hdaocon

Let me tell you the story of the Pyle brothers.

They did nearly everything alike. They married twin sisters, lived next door to one another and invested exactly in exactly the same things. As a result, they each reached retirement age with a…pile of money.

Big R. Pyle didn’t much think about life’s risks. He shunned insurance, drove without a seatbelt and actually went swimming before his mother’s not-for-30 minutes-after-dinner rule was up.

Few things cost more than unexamined assumptions.

Never is this more true than when parents begin thinking about sending their first child to college.

Where will Junior go to college? And why? And who is driving this decision?

I remember a meeting with two parents who wanted to send their child to their alma mater, which was now a very expensive private school much more expensive than when they went. They would have had to borrow the money, so I simply asked them, Why are you doing this?

Gregory Roberts / Flickr.com http://tinyurl.com/hdaocon

Last week we asked the question concerning financial goal setting and financial planning: “Is bigger really better?”

It didn’t take long to realize that just because you have a big number (i.e., a large amount of money at retirement time), it does not necessarily follow that everything is fine. We saw that bigger doesn’t always mean better.

Gregory Roberts / Flickr.com http://tinyurl.com/hdaocon

When you were a kid, did you ever imagine retiring with $1,000,000?

You’d be set! But if you are anywhere near retirement age now, you know $1,000,000 doesn’t necessarily make you as secure as you once thought it would. So what’s the solution?

Most people could answer in a single word: more.

The traditional approach to financial planning can be summarized in three words: bigger is better.

David Goehring / Flickr.com http://tinyurl.com/j7m2hj5

Have you see those ads from the nice folks who want to buy your pension for cash? Who couldn’t use an extra six figures worth of money? But…how do you tell if that is a good deal?

Well, this would be a great time to be very, very careful. That guy who says he wants to buy your pension may be Mr. Potter knocking at your front door.

Clayton Scott / Flickr.com http://tinyurl.com/jbmplh8

A certain amount of financial stress is fact of life in our modern world.

As my wife used to tell our teenagers on a nearly daily basis – what you are feeling is 98.6 – very normal.

But sometimes it all seems to come down around you – suddenly: a job loss, an illness, an unexpected emergency, a foolish purchase you wish you’d not made…however you got here, you now have more demands financially than dollars you can find.

So how do you handle those seasons of life when your financial circumstances threaten to overwhelm you?

Budget or Bust

Jul 27, 2016
Trevor Bashnick / Flickr.com

You’re selling your house and downsizing…or, upsizing. Either way, you’ve found the newest home of your dreams. Except that it will require a bit of…updating as they say.

As you wander through the new house, you’re making lists of carpets, cabinets and carports that will have to undergo some renovation.

Unless you’ve got more money than the Republican presidential nominee, you’d better do some serious planning before one thread of that ugly shag carpet gets ripped up.

Ken Walton / Flickr.com

If you’re one of those souls who get out of bed each day and can’t wait to get to work – good for you!

But even if you feel like you enjoy your work so much you can never imagine stopping – don’t for one second think that gives you a pass on responsibly planning your financial future.

Why?

Because there is a world of difference between “get to” and “got to.”

Right now you “get to” go to work. That’s as much a reflection of your attitude as it is of your circumstances.

Darrell Miller / https://creativecommons.org/licenses/by-nc/2.0/

Whenever you say yes to one thing, you are saying no to something else.

Suppose you are thinking about buying a small lake house. The price seems pretty good, but something is bothering you. You still have some other credit card debt you haven’t paid off yet. The angel on your shoulder says take care of the debt, but the devil whispers that you’ve got to pull the trigger on this kind of thing quickly or someone else may buy it.

How do we know what’s right?

Well, we could agree to meet again in twenty years and then we would both know what the right decision was.

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