Byron Moore, CFP® and Mike Jones

Wisdom on Wealth

Podcast - Disability Income Insurance–a Cost Benefit Analysis

By Byron Moore, posted October 21st, 2014

The following segment first aired on KEDM 90.3 on August 20, 2014

I once worked with a 40-something engineer who asked me to help him to do a cost-benefit analysis of whether or not he should buy disability income insurance. Disability insurance cost benefit analysis.jpg

     
 

Passing along family wealth wisely, part 2

By Byron Moore, posted October 20th, 2014

The following column was published in The News Star on Saturday, October 18, 2014.

Question: We are nearing retirement and it seems we’ll have more than enough. We want to begin passing some of our wealth to our adult children while we are young enough to see them use and enjoy it. But we do have some concerns about one of the marriages. And we don’t want to give them so much now that we end up being a burden to them later. How do we find the right balance?

Answer: As I stated last week, the secret to finding balance is having a plan.

Podcast - How Alzheimer’s Affects Retirement

By Byron Moore, posted October 16th, 2014

The following segment first aired on KEDM 90.3 on August 13, 2014

Any number of things could cause you or your spouse to become incapable of handling your own medical or financial affairs.

How alzheimers affects retirement.jpg

     
 

Diversify your diversification

By Byron Moore, posted October 16th, 2014

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

Answer: A lot more than you think.

Investment Insights: 3rd quarter, 2014 review

By Mike Jones, posted October 16th, 2014

Just because you hear something often enough and loud enough doesn't make it true.

Sound bites about the investment environment proffered by the media - even the financial media - may not be a solid foundation for investment decision making.

Passing along family wealth wisely, part 1

By Byron Moore, posted October 13th, 2014

The following column was published in The News Star on Saturday, October 11, 2014.

Question: We are nearing retirement and it seems we’ll have more than enough. We want to begin passing some of our wealth to our adult children while we are young enough to see them use and enjoy it. But we do have some concerns about one of the marriages. And we don’t want to give them so much now that we end up being a burden to them later. How do we find the right balance?

Answer: The secret to finding balance is having a plan.

Podcast - Overcorrection

By Byron Moore, posted October 6th, 2014

The following segment first aired on KEDM 90.3 on July 30, 2014

Overcorrection can be worse than the problem you were seeking to correct! Too often, investors who have been surprised by ugly markets don’t so much invest as react. Andy usually their reactions are very costly.

Overcorrection.jpg

     
 

Risk tolerance changes with assets and age

By Byron Moore, posted October 6th, 2014

The following column was published in The News Star on Saturday, October 4, 2014.

Question: I was making an investment with my guy and he got me to fill out something called a risk tolerance questionnaire. It asked me questions like how much was I willing to have my account go down. At first I put zero, but he said I couldn’t say that, so I put something else, I don’t remember. Why do you guys use those questionnaires? They seem silly to me.

Answer: The “right” answer is to say that we use risk tolerance questionnaires to protect you (the investor) from putting your money in anything that has more risk than you may be willing to tolerate.

Podcast - Reality Check

By Byron Moore, posted September 29th, 2014

The following segment first aired on KEDM 90.3 on July 23, 2014

People that reach a mature state of financial peace are individuals that deal in reality, accept uncertainty, and behave accordingly. 

          Reality Check.jpg

     
 

Never going to retire

By Byron Moore, posted September 29th, 2014

The following column was published in The News Star on Saturday, September 27, 2014.

Question: I have a small group of guys that meet with every week. We’re all in our 40s and 50s. One of the things that we all agree on is retirement. We’re not going to do it. We plan to work until we drop. For one, the idea of retirement is not a good one to me. Also, if I don’t have to save for a retirement I don’t want, it greatly simplifies my financial life. Wouldn’t you agree?

Answer: If anything, I think you and your friends have set your sights too low.

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