Byron Moore, CFP® and Mike Jones

Shreveport Times columns

How does Social Security determine my retirement benefit?

By Byron Moore, posted April 20, 2015

Originally published in The News Star and The Shreveport Times on Sunday, April 19, 2015.

Question: I have worked in the corporate world all my career. I’ve paid the maximum possible into Social Security most of that time. My wife, on the other hand, has been a teacher in a private school for her career. We both got our Social Security estimates online the other day and I could not believe how close they were. My income was multiples of hers, but she’s getting nearly half of what I’m getting. How does that work?

Answer: The deck is not exactly stacked in your favor.

When helping may be hurting: take caution with credit card balance transfers

By Byron Moore, posted April 14, 2015

Originally published in The News Star and The Shreveport Times on Sunday, April 12, 2015.

Question: My adult child has only been working a few years and ran up a credit card bill at a favorite department store. The interest rate is outrageous. How can I help him transfer the balance to another card with lower interest? 

Answer: Why would you want to do that? 

I don’t want to make my children rich

By Byron Moore, posted April 6, 2015

Originally published in The News Star and The Shreveport Times on Sunday, April 5, 2015.

Question: I’m coming up on retirement in the few years. You may think I’m terrible, but I don’t want to leave my kids a bunch of money. We raised them and they’re all on their own now and I just don’t feel any need to sacrifice our retirement just to leave them a pile of money. So how does that change things when it comes to retirement planning? 

Answer: First, I don’t think you’re terrible. I think you’re scared. 

Young minister seeks beginners guidance

By Byron Moore, posted March 30, 2015

Originally published in The News Star and The Shreveport Times on Sunday, March 29, 2015.

Question: I just graduated from college and I’m going to work for a ministry for at least two years, maybe more. Eventually I think I’ll be in the secular work force. What advice do you have for someone my age and situation?

Answer: Your life, financially or professionally, will not start in two years, or whenever your ministry commitment ends. It starts now.

Frozen by Fear

By Byron Moore, posted March 23, 2015

Originally published in The News Star and The Shreveport Times on Sunday, March 22, 2015.

Question: I have been through a lot of tragedy in my life. My problem is I am frozen with fear, so much so that I have not spent money I have on basic necessities.  I am just afraid of making mistakes spending. Would a life plan help in my situation? 

Answer: You may need both a plan and a person. 

What happened to my portfolio in 2014?

By Byron Moore, posted March 16, 2015

Originally published in The News Star and The Shreveport Times on Sunday, March 15, 2015.

Question: I pulled out my investment stuff for last year and compared to the stock market, I didn’t do very well. My brother-in-law told me the stock market was up 15% last year, but my stuff didn’t do nearly that well. What’s up with that? Should I change something?

Answer: Well, there’s stuff, and then there’s stuff.

Your Life Plan Should Drive Your Financial Plan

By Byron Moore, posted March 9, 2015

Originally published in The News Star and The Shreveport Times on Sunday, March 8, 2015.

Question: When you do a financial plan, do you fund your retirement first or get out of debt? Is trying to save on taxes part of it? And my husband says we spend too much money on insurance, but I worry we don’t have enough. We’re all over the map! Where should we start?

Answer: If you want a plan for your money, get a plan for your life.  

Your priorities – the missing link your financial plan?

By Byron Moore, posted March 2, 2015

Originally published in The News Star and The Shreveport Times on Sunday, March 1, 2015.

Question: When you do a financial plan, do you fund your retirement first or get out of debt? Is trying to save on taxes part of it? And my husband says we spend too much money on insurance, but I worry we don’t have enough. We’re all over the map! Where should we start?

Answer: Start with the most important thing – to you.

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