Byron Moore, CFP® and Mike Jones

Shreveport Times columns

Trust me…on blinding, binding and unwinding

By Byron Moore, posted January 23, 2017
Originally published in the News Star and the Shreveport Times on Sunday, January 22, 2017.

money vault_sm.jpegQ: I am getting on up there in age and my children want me to put my assets in a trust. They say it will protect me and also keep the government from taking my money if I go into a nursing home. Is that true? Is it worth it? Sounds like a lot of trouble to me.

A: It is a lot of trouble. The question for you to answer is…is the trouble worth it?

Every time we put a new president in office, a phrase re-emerges into the popular lexicon that we haven’t used in four to eight years…”blind trust.”

Should I co-sign my grandchild’s college loan?

By Byron Moore, posted January 17, 2017
Originally published in the News Star and the Shreveport Times on Sunday, January 15, 2017.

granddaughter college_sm.jpgQ: My granddaughter has been through a lot. Her parents divorced and she has struggled in school. She wants to go to college, but neither parent has enough money to send her. She can get a loan to go to college, but she says I will have to co-sign for her to get it. It won’t cost me anything to co-sign so I don’t see what the harm is. What do you think?

A: I think you need to ask a lot more questions. Or you might get an education you didn’t count on.

401K plans – route to a rosy retirement?

By Byron Moore, posted January 9, 2017
Originally published in the News Star and the Shreveport Times on Sunday, January 8, 2017.

Blueprint_sm.jpgQ: I’ve been at my new job for enough time that I can now participate in my company’s 401K plan. I’ve heard mixed messages about these things. But if I don’t do a 401K plan, what else is there to prepare for retirement on day?

A: When you decide to build a new house, what’s the first thing you should do – go hammer shopping?

Learning from the ghosts of Christmas past, present and future

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

Nightcap and candle_sm.jpgQ: I’ve made a big mess of my financial life and I wonder if I’ll ever get over it. This is the first Christmas I’ve had since falling on hard times and it’s not exactly merry. Do people as deep in the hole as I am ever get out?

A: Yes they do. But only if they learn.

Since it’s Christmas morning, let me borrow from Charles Dickens’ Christmas Carol and say that in order to move beyond your past failures and present difficulties into a bright future, you’re going to have to learn…from the ghosts of Christmas Past, Christmas Present and Christmas Yet to Come.

Single minded: making the most of your money while making it last

By Byron Moore, posted December 19, 2016
Originally published in the News Star and the Shreveport Times on Sunday, December 18, 2016.
 

man and dog_sm.jpg Q: I am single with no children or dependents. Just me and my dog. I will probably work five more years. I have no one in particular I am trying to leave money to, so how do I make the most of my money? One thing I want to make sure of is that I don’t run out of money before I die because there is no one else to take care of me.

A: The fact that you are single both simplifies and complicates your choices.

Definitive decade: Making the most of your last ten working years

By Byron Moore, posted December 12, 2016
Originally published in the News Star and the Shreveport Times on Sunday, December 11, 2016.
 

vacation_sm.jpgQ: My husband and I are within ten years of retiring. We both work and plan to retire at the same time. I think we need to save a lot more money and he says we need to enjoy it while we have it. Who’s right?

A: Good question.

For many the final ten years of a career are truly the “definitive decade” when it comes to retirement planning. Here’s why that is true for so many:

Staying relevant in the workplace as you age

By Byron Moore, posted December 5, 2016
Originally published in the News Star and the Shreveport Times on Sunday, December 4, 2016.
 

young boss_sm.jpgQ: I am a young man in my 20s. I have recently been given managerial responsibility over men twice my age. They are good men, but I can tell they are not completely comfortable being managed by a "youngster." We're working through all that, but here's my question - how do I avoid being in their position when I am their age? How do I stay relevant?

A: There are a few things in life over which you can exercise near absolute control. A very, very few things.

Trump market: winners, losers and fortune tellers

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

Trump_sm.jpegQuestion: I keep seeing that the Dow is way up since Donald Trump won the election. But when I Iook online at my 401K, it’s not really doing anything. I am mostly invested in the stock market in my 401K, so why would there be such a difference?

Answer: Donald Trump’s election to serve as the 45th president of the United States made history. It has also made for a bit of hysteria.

Overcome downsizing

By Byron Moore, posted November 21, 2016
Originally published in the News Star and the Shreveport Times on Sunday, November 20, 2016.
 

Downsized_sm.jpgQuestion: I just got told everyone at my work with my job description is being let go. I have worked at this place for a very long time and looking for work elsewhere scares the you-know-what out of me. But I can’t retire yet. I have to work. What do you suggest?

Answer: There is no security in security.

In my work I regularly meet people who have discovered (to their great surprise) that the big corporation they thought would see them through to the end…didn’t.

Succession plan – work till I die, then leave it to the kids

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

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