Byron Moore, CFP® and Mike Jones

Wisdom on Wealth

When should I begin taking my Social Security?

By Byron Moore, posted August 21, 2017
Originally published in the News Star and the Shreveport Times on Sunday, August 20, 2017.
 

SSA money_dm.jpgQ:  When should I begin taking my Social Security?

A: If you’ll tell me how long you’re going to live, I can give you a perfect answer to that question.

For everyone else, we’re going to have to make an informed guess.

Budget tools?

By Byron Moore, posted August 14, 2017
Originally published in the News Star and the Shreveport Times on Sunday, August 13, 2017.
 

budget app_sm.jpgQ:  I know I should get on a budget. What’s the best app for that?

A: You say you know you should get on a budget.

But why do you say that?

After all, budgeting can be a pain. You already know that, or you’d already be on one. So why should anyone go to all the trouble of getting on a budget?

A budget is a spending plan. It may be simple enough to write on the back of an envelope. Or it may be so complicated that it fills up an electronic spreadsheet.

Podcast - More than one way to rob a bank... Cypress & The Fed (3:37)

By Byron Moore, posted August 10, 2017

The following segment first aired on KEDM 90.3.

The Cypriot and US governments both make money by taking it from depositors. One is just smoother about it than the other.

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Pre-paying my mortgage – wise financial move?

By Byron Moore, posted August 7, 2017
Originally published in the News Star and the Shreveport Times on Sunday, August 6, 2017.
 

Mortgage and savings_sm.jpgQ:  Should I be pre-paying my mortgage?

A: Why would you want to do that?

That’s not a definite “no.” But I do not consider “mortgage acceleration” a one size fits all piece of financial advice everyone should follow.

Podcast - Debt among the young and old (2:33)

By Byron Moore, posted August 3, 2017

The following segment first aired on KEDM 90.3.

Helping the young person in your life stay on the right side of debt is one of the most significant life lessons you can pass on to them.

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Care giving for the elderly

By Byron Moore, posted July 31, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 30, 2017.
 

elder care_sm.jpgQ:  My husband and I are still relatively healthy, but we’ve told each other we don’t want to spend any of our days in a nursing home. It seems like it would be cheaper to just care for one another at home. Is that right? Which costs more – getting care at home or care in a nursing home?

A: That depends on whether you are counting just dollars, or whether time, energy and health are among the costs you are considering.

Podcast - Insurance Poor (3:19)

By Byron Moore, posted July 27, 2017

The following segment first aired on KEDM 90.3.

Feeling insurance poor? But if you really think about it, the payment of your insurance premiums is what keeps you out of poverty.

Click below to hear more...

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Check your assumptions at the altar

By Byron Moore, posted July 24, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 23, 2017.
 

Marriage and money_credit card_sm.jpgQ: I am getting married soon. As part of our pre-marriage counseling, my fiancé and I prepared a budget, talked about debt and things like that. What else do we need to be thinking about when it comes to being financially prepared for marriage?

A: Assumptions and expectations.

Imagine a couple on their honeymoon and they go out to a nice dinner. At the end of dinner, the husband pulls out some cash to pay the bill.

Podcast - Five Wants of Retirement (3:41)

By Byron Moore, posted July 20, 2017

The following segment first aired on KEDM 90.3.

The ultimate goal of retirement planning is to make work optional. The five “wants” discussed in this week's podcast are common to anyone who desires this kind of financial freedom in retirement. 

Click below to hear more...

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Embarrassed to ask for help

By Byron Moore, posted July 17, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 10, 2017.
 

Courage_sm.jpgQ: I am very embarrassed by my financial situation. I know I need help, but I’m just too humiliated to let anyone else see the mess I’ve made. Every time I pick up the phone to call someone I hang up. What do you suggest?

A: I love your honesty.

If you’ve never seen the 2011 film We Bought a Zoo, you’re in for a treat when you do. Matt Damon plays a young widowed father of two. In one scene, he is giving his young son advice on the utterly confusing and intimidating topic of females.

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