Byron Moore, CFP® and Mike Jones

Retirement

Pension or Lump Sum, Which Should I Choose?

By Byron Moore, posted August 8, 2018

The following segment first aired on KEDM 90.3.

If you're being offered the choice between a monthly pension and a lump sum, which should you choose?

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Will Your Children Ruin Your Retirement (Part 2)

By Byron Moore, posted August 6, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, August 5, 2018.
 

Last week we took a depressive look at the end-game of runaway financial co-dependence between parents and adult children.child money banker_small.jpg

I promised we would follow up with some strategies you can use at every stage of life to prepare parent and child alike for the financial separation that should come with adulthood.

As a parent, you should have a lifetime goal of helping your children learn the twin concepts of freedom of choice and freedom from consequences.

As parents, we spend much of our time in a child’s early years simply protecting them from consequences they have no capacity to comprehend. We do not let them play in the street, ride in the car standing up, talk to strangers, touch the hot stove or stay up as late as they want to.

Do I Need an Annuity?

By Byron Moore, posted August 1, 2018

The following segment first aired on KEDM 90.3.

Should I purchase an annuity?

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Will Your Children Ruin Your Retirement (Part 1)

By Byron Moore, posted July 30, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, July 29, 2018.

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“Mom, I promise this will be the last time. I’ve just had some unexpected things come up and I don’t have money for the mortgage payment. You don’t want me to lose my house do you?”

Laura could feel the all too familiar waves of nausea, anger and anxiety crashing against her heart. She would try to resist, but she knew it was no good. He would wear her down. He always did. And he knew just how to do it.

Her son is 47 and Laura finds herself trapped in a codependent financial relationship that seems destined to sink her financial ship. Whatever she does from this point is going to be painful.

It didn’t need to be this way. But she and her late husband Rob kept telling each other they would deal with it soon. Maybe next year. After the crisis of the moment is over.

He was an only child. They’d wanted to have more, but nature had other plans. So, they doted on their son, lavishing all the love they had for an entire family on their entire family…of one son. He was the center of their universe.

And it didn’t take long before he realized it.

Are You Afraid of the Wrong Thing?

By Byron Moore, posted July 17, 2018

The following segment first aired on KEDM 90.3.

When it comes to fiances, are your fears misplaced?

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Suicide by Shortcut: Denial, Decoys, or Dedication

By Byron Moore, posted July 9, 2018
Originally published in the Shreveport Times on Sunday, July 8, 2018 and the New-Star on Monday, July 9, 2018.

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The problem with the conveniences of a short cut are the consequences in the long-term. 

Reese and Kyle were one of the 40% of first time home buyers who hadn’t saved any money (at all!) for a down-payment. What to do?

No problem! Crowd sourcing to the rescue! HomeFundMe showed them how to solicit donations from parents and friends (online, so it was cool) so they wouldn’t actually have to go through the yucky process of saving money. 

Another option they had, according to the Wall Street Journal story about them, was borrowing the down-payment from Loftium. All they had to do was agree to rent out a room in their house on Airbnb and share the income. 

Is it just me, or does anyone else remember what happened ten years ago when we let a lot of people buy houses with no skin in the game? What happens when hard times come and they cannot (or no longer wish) make the mortgage payments? See ya!

Thinking Like an Investor

By Byron Moore, posted July 2, 2018
Originally published in the News Star and the Shreveport Times on Sunday, July 1, 2018.

 

“Should I be worried?”Stock Market Question_small.jpg

In my world, you get this phone call on a regular basis. I’m actually glad to get it, because it gives me an opportunity to remind folks what we are doing and what we are not doing.

“The market was doing so well last year, now it’s really slowed down. Should I be worried?”

He was right. The stock market did extraordinarily well in 2017, much to the surprise of nearly everyone. Depending on which measuring stick you use, the United States stock market was up anywhere from 21% to 28% in 2017.

Now, things seem to have taken a pause. Is it North Korea? Or corn prices? What about all these new tariffs? The new tax law? The president? The congress? The Illuminati exercising secret mind control over the markets?

Which is Better? A Good Salary or Good Benefits?

By Byron Moore, posted May 15, 2018
Originally published in the News Star and the Shreveport Times on Sunday, May 13, 2018.
 
 

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Every weekday morning, I do CrossFit with Tim. Tim is a young dad, probably in his early thirties, who’s busy providing for his wife and three kids under the age of five. What a handful.

Just last week, as we were leaving the gym and heading to our cars, Tim told me that he’s considering two different job offers – one pays more, but the other has better benefits.

“I am leaning towards the one with better benefits,” he said, “since I like that security. What do you think?”

I think my answer may have startled him a bit:

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 - Mistaking investing for a financial plan (2:15)

By Byron Moore, posted March 1, 2018

The following segment first aired on KEDM 90.3.

Investments may be an important part of your financial plan, but they are by no means the whole plan.

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