Byron Moore, CFP® and Mike Jones

Wisdom on Wealth

Podcast - Why past performance does not predict future results (2:21)

By Byron Moore, posted April 12, 2018

The following segment first aired on KEDM 90.3.

How a money manager's investments performed last year may not necessarily be indicative of how she will do this year.

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Financially sick, well or fit?

By Byron Moore, posted April 9, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 8, 2018.
 

overweight running_sm.jpgQuestion: I know that I am financially sick. I am not sure how to start a budget. My credit score is a total mess. I cannot even figure out how I got here. How do I get well?

Answer: When you’re driving, it’s a good idea to keep your eyes looking forward, with occasional glances into the rearview mirror to see where you’ve come from.

Podcast - And what will you do if you catch that car? (2:35)

By Byron Moore, posted April 5, 2018

The following segment first aired on KEDM 90.3.

Before you start the chase, it’s wise to know what you’ll do if (or when) you achieve your goal.

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Facing facts is hard; denying them is harder

By Byron Moore, posted April 4, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 1, 2018.
 

Couple communicating about money_sm.jpgQuestion: My wife and I do not communicate well about money. I think she is too sensitive and she would probably say I am hard-headed. Every time one of us brings it up we usually fight. So we keep putting off dealing with it. We’ve got too much debt and we aren’t making any progress towards retirement. How do people like us deal with this?

Answer: How do “people like us” usually deal with these kinds of issues? They usually don’t.

They put it off until the problem is bigger and more difficult to resolve.

But that is a horrible strategy, especially when a solution is so simple to come by.

Podcast - The power of hope (2:51)

By Byron Moore, posted March 29, 2018

The following segment first aired on KEDM 90.3.

You don’t need another lecture about what you've done wrong financially. And you don’t need a magazine article taped to the mirror about 401K catch-up provisions.

You need hope.

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Why did you do that? Understanding our financial decision making

By Byron Moore, posted March 26, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 25, 2018.
 

decision making - thinking_sm.jpgQuestion: I have seen my own parents and some of my friends do some things financially and otherwise that just seem obviously dumb. Or at least shortsighted. The example I’m thinking of when they buy things with a credit card that will then charge them 18% for the privilege. But it could be any number of things. Why do you think people make these kinds foolish financial decisions?

Answer: Economists like to say people are rational.

Whenever I read that, I think, “Sure are…sometimes. But other times, they are fearful, other times resentful, other times prideful and once in a while, just plain dumb.”

Podcast - Hoarding versus spending (2:41)

By Byron Moore, posted March 22, 2018

The following segment first aired on KEDM 90.3.

The money you work so hard for ought to be divided carefully between your present self, your future self and those you love.

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Understanding financial side effects

By Byron Moore, posted March 19, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 18, 2018.
 

side effects_sm.jpgQuestion: Do you pay taxes on money you make when it’s in a mutual fund?

Answer: Generally speaking, yes.

I’m pretty sure every program on network television is currently being funded by drug company commercials.

What is the biggest unknown about retirement?

By Byron Moore, posted March 12, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 11, 2018.
 

red carpet_sm.jpgQuestion: I’m not the kind of person who likes surprises. In your experience, what is the biggest surprise facing most retirees and what can I do to get ready for it now?

Answer: Wow. That could be a long list.

Like the Oscars, an announcer might read from a cue card, “And the nominees for Biggest Surprise in Retirement are…” (drum roll, please)…

Podcast - Seeking income in a low interest world (3:35)

By Byron Moore, posted March 8, 2018

The following segment first aired on KEDM 90.3.

The low-interest rates engineered by the Fed to stimulate the economy have cost savers and fixed income investors mightily.

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