Byron Moore, CFP® and Mike Jones

Retirement

First things first

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

Foundation_sm.jpgQuestion: I am about to sign up for my company’s retirement plan. I’m 40 and getting a late start. With the market where it is, where should I invest the money now?

Answer: Maybe in something outside a retirement plan. And maybe in something that isn’t an investment at all.

What's the difference between a pension and a 401K?

By Byron Moore, posted February 5, 2018
Originally published in the News Star and the Shreveport Times on Sunday, February 4, 2018.
 

Simple math_sm.jpgQuestion: What is the difference between a pension and a 401K plan? I know they both have to do with retirement, but are they the same thing?

Answer: They are not.

In some ways, retirement planning is like a math problem. In reality, it is much more than a math problem, but there are similarities.

Retirement goal setting – aim at what you require, desire and aspire

By Byron Moore, posted January 16, 2018
Originally published in the News Star and the Shreveport Times on Sunday, January 14, 2018.
 

goal setting_sm.jpgQuestion: My wife and I are setting some goals with respect to our retirement and we have a question. Should we be pessimistic or optimistic about how things will go, both now and in retirement? I’ve run different scenarios and things can really turn out wildly different depending on what assumptions you use.

Answer: One of the great unspoken sins of my profession (financial planning) is allowing people to think we can forecast the future with any greater precision than a palm reader.

Podcast - Do you have more money smarts than a doctor? (3:17)

By Byron Moore, posted December 14, 2017

The following segment first aired on KEDM 90.3.

What if I told you doctors do no better with their money than the average Joe?

Click the picture above to play/pause audio.

How much money is enough?

By Byron Moore, posted December 11, 2017
Originally published in the News Star and the Shreveport Times on Sunday, December 10, 2017.
 

Handful of money.jpegQuestion: How much money is enough? And can you ever have too much? I know people who have more money than they’ll ever spend and yet they are still not happy. So what is the right amount?

Answer: How much money is enough money?

For John D. Rockefeller the answer was “just a little bit more.” At the peak of his wealth, Rockefeller had a net worth of about 1% of the entire US economy. He owned 90% of all the oil & gas industry of his time. Compared to today’s rich guys, Rockefeller makes Bill Gates and Warren Buffett look like paupers.

Podcast - Late getting started (3:34)

By Byron Moore, posted August 31, 2017

The following segment first aired on KEDM 90.3.

So you’re late getting started planning for retirement. But you’re not done for.

Click the picture above to play/pause audio.

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...

Click the picture above to play/pause audio.

Will my early retirement mean long-term worries?

By Byron Moore, posted June 12, 2017
Originally published in the News Star and the Shreveport Times on Sunday, June 11, 2017.
 

budget math.jpgQ: Our grandchildren live in another state and we are seriously considering moving to be closer to them. Work is stressful and I’d love to be done with it sooner than later. How do we know if we are ready to retire early?

A: Today’s stress always feels heavier than yesterday’s worries or tomorrow’s woes.

Will Social Security be there when I retire?

By Byron Moore, posted June 4, 2017
Originally published in the News Star and the Shreveport Times on Sunday, June 5, 2017.
 

SSA money_dm.jpgQ: Should I plan on Social Security being there for me when I retire?

A: Yes, if you are a worker covered by Social Security, you’ll receive a monthly income from Social Security when you retire.

Podcast - Gambling with Monte Carlo simulations in retirement (2:43)

By Byron Moore, posted May 4, 2017

The following segment first aired on KEDM 90.3.

Are Monte Carlo simulations worthless for use with investment accounts? No. Just limited.

Click the picture above to play/pause audio.

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