Byron Moore, CFP® and Mike Jones

Shreveport Times columns

Don’t let resentment distort your choices

By Byron Moore, posted May 9, 2016
Originally published in the News Star and the Shreveport Times on Sunday, May 8, 2016.
 

wing walker_sm.jpgQuestion: I have worked at the same place for over 20 years. I can probably retire in five to ten years. But things have changed so much at work. I feel ignored, overlooked and totally taken for granted. My pay has not gone down, but that’s not all there is to a job. Do I hang on and hate it, find a new job (not easy to do!) or just retire now and keep my sanity?

Answer: There’s a big difference between reacting and responding.

What happens if I outlive one of my heirs?

By Byron Moore, posted May 2, 2016
Originally published in the News Star and the Shreveport Times on Sunday, May 1, 2016.
 

Outliving heirs_sw.jpgQuestion: I have lived longer than I thought I ever would. I’ve been blessed with several children and grandchildren. Now I am faced with the possibility that I could outlive some of them. What would happen if I live longer than one of my children? Would their children get their portion of my estate? I have one child who never had any children of her own.

Answer: What do you want to happen?

What are negative interest rates and why should I care?

By Byron Moore, posted April 25, 2016
Originally published in the News Star and the Shreveport Times on Sunday, April 24, 2016.
 

falling interest rates_sm.jpgQuestion: I try to keep up with financial news a little, and I keep hearing about something called negative interest rates. What are they and do they have anything to do with me?

Answer: When my now (almost) 90 year old father opened his first savings account as a young man in a small bank in Mississippi, the banker smiled broadly at him while extending his hand to shake and announced ceremonially, “And the best part about banking with us is that we won’t charge you a dime to keep your money here!”

Retirement choice – lump sum or monthly check?

By Byron Moore, posted April 17, 2016
Originally published in the News Star and the Shreveport Times on Sunday, April 18, 2016.

retirement ahead_sm.jpeg

Question: My company is going through a downsizing and my job has been eliminated. I’m going to have to find another job, but now my old employer is giving me a choice to take my retirement from them in a big lump sum of money now or as a regular retirement check when I hit 65. Which is better?

Answer: You need to keep going with your question.

Rather than ask, “Which is better?” may I suggest, “Which is better for me?”

Wealth coordination – the key to financial agility

By Byron Moore, posted April 11, 2016
Originally published in the News Star and the Shreveport Times on Sunday, April 10, 2016.
 
deposit slip small.jpgQuestion: I struggle with follow through. I’ve made several financial promises to myself, but I just don’t keep up with the details. The only thing I can say I’ve ever done consistently is my 401k, and that’s because it happens automatically and I never think about it. What can I do to improve my follow through?
 

Answer: Make it automatic. Like that 401k of yours.

Job insecurity – good reason to delay planning?

By Byron Moore, posted April 4, 2016
Originally published in the News Star and the Shreveport Times on Sunday, April 3, 2016.
 
pinkslip sm.jpgQuestion: I am realizing that the dramatically lower price of oil could affect my job, even though my work is not directly oil field related. All the uncertainty has me wondering how effective long-term planning can be during times like these. What do you think?
 
Answer: “My life has been filled with terrible misfortune; most of which never happened.” 
 

So said French philosopher Michel de Montaigne over 500 years ago…

Job insecurity – good reason to delay planning?

By Byron Moore, posted April 4, 2016
Originally published in the News Star and the Shreveport Times on Sunday, April 3, 2016.
 
pinkslip sm.jpgQuestion: I am realizing that the dramatically lower price of oil could affect my job, even though my work is not directly oil field related. All the uncertainty has me wondering how effective long-term planning can be during times like these. What do you think?

Answer: “My life has been filled with terrible misfortune; most of which never happened.” 

So said French philosopher Michel de Montaigne over 500 years ago…

What is my business worth?

By Byron Moore, posted March 28, 2016
Originally published in the News Star and the Shreveport Times on Sunday, March 27, 2016.

Budget buster: Right math on the wrong path

By Byron Moore, posted March 21, 2016
Originally published in the News Star and the Shreveport Times on Sunday, March 20, 2016.
 
Planning_0.jpgQuestion: I keep a very detailed budget on a spreadsheet. All my income and expenses are in there. I even categorize my debit card expenses from my bank statement each month. My budget shows a $500 positive balance each month. But I never have any money in my account by the end of the month. I cannot figure out what is happening.

 

Answer: Your math may be right, but your path is wrong.

Boomers: this is not your parents’ retirement

By Byron Moore, posted March 14, 2016
Originally published in the News Star and the Shreveport Times on Sunday, March 13, 2016.
 

retirement knitting sm.jpgQuestion: I’m getting closer and closer to retirement and I don’t see how I’m going to pull it off anytime soon. My parents were not rich folks, but they retired on time and seemed to be OK. All my friends seem to be in the same boat. What’s changed?

Answer: Everything.

Life was very different for your parents, both during their working years and in retirement. On average, for people in your parents’ generation:

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