Byron Moore

Byron is a Certified Financial Planner and Managing Director of the Planning Group at Argent Advisors, Inc.

Byron has been in the financial services industry since 1982 and a Certified Financial Planner® practitioner since 1991. His financial columns have appeared in three North Louisiana Newspapers since 1993. His Money Matters television segment aired weekly on KNOE TV's Good Morning Ark La Miss from 1995 through 2010.

With 30 years of experience in the financial services industry, Byron designs and implements financial plans that seek to protect, grow and enhance the enjoyment of his clients' wealth.

In addition to financial planning, Byron provides asset management services. Insurance services are offered through the affiliate Argent Insurance Services. Trust services are offered through the affiliate Argent Trust.

Byron and his wife Melinda have four children. They are why he smiles a lot.

Craig Sunter / Flickr.com http://tinyurl.com/lh4s7zg

Two sisters are fighting over Mom and Dad’s estate. Now, mind you, Mom and Dad are still alive and kicking.

One sister thinks Mom and Dad should give away most of their assets so they can qualify for Medicaid if one or both have to go to a nursing home. The other sister thinks that is a terrible idea and tantamount to bilking the government out of money.

So they come ask me what I think.

I think that when it comes to settling arguments between sisters, I usually try to speak out of both sides of my mouth, then duck.

When Better is Worse

Apr 5, 2017
photosteve101 / Flickr.com http://tinyurl.com/ljgvuvr

Here’s a recent headline from the Wall Street Journal – Individuals Tiptoe further into long running stock rally.

Is that you? Maybe you’ve done very well in your 401K this year. But you’ve also got that money in your savings account you put back for a rainy day. And it’s just sitting there.

It’s my emergency fund, but it’s earning next to nothing. Maybe that’s an emergency! Shouldn’t I find something more productive to do with that money? Maybe one of those growth and income fund?

OK Stop!

What kind of car do you drive?

Philip Brewer / Flickr.com https://tinyurl.com/jge6bxd

The late Stephen Covey famously wrote, it’s always best to begin with the end in mind.

Suppose you are experiencing financial success…you are growing your wealth. Fine. But why? What is your purpose for building up wealth?

Sometimes when I ask people this question they look at me as if I’d just ask them why they are taking the time to breathe. “That’s just what we humans do!” they would seem to be thinking.

But I want you to think about something…

wackystuff / Flickr.com https://tinyurl.com/hsyzp3j

The best time to fire someone is before you hire them. And sometimes the best loan for you is the one you don’t take out.

I’ve had people come to me loaded down with poor past decisions, currently reflected in a crummy credit rating. Then, while treading water in a sea of maxed out credit cards, they find it… their dream home! It would be perfect for the kids, perfect for the neighbors, perfect for work and..well…it's perfect!

Matthew Peoples / Flickr.com https://tinyurl.com/znrbpep

“Ladies and gentlemen, this is your captain speaking. I’d like to welcome you aboard Retirement Airlines. We know you have a choice when you fly and we’d like to thank for choosing Retirement Air.

“The tower is telling us we’ve got some bumpy weather ahead of us….European debt down drafts are pretty strong still and we’ve got some pretty strong winds blowing out of the housing depression as well as some unemployment turbulence.

Guilia Forsythe / Flickr.com http://tinyurl.com/zatmg97

If the purpose of a financial plan is to predict the future for you, I’d say save your money. You’ll do about as well with a monkey throwing darts at some charts.

But if you want to know what the real purpose of a financial plan is, look no further than what happened to the University of Arkansas Razorbacks and the New Orleans Saints football teams a few years ago.

If you aren’t a football fan, here’s a little background on both teams: each had a great season in 2011. And both teams brought most of their key player talent into the 2012 season.

Pablo Ricco / Flickr.com http://tinyurl.com/zpdh9r2

By now you’ve probably figured out that something has changed.

A lot of us thought we would be a lot closer to being able to retire by now. But for many in their 50s and 60s, retirement isn’t exactly over the next hill.

In fact, there are a lot of people who will be waiting quite a while longer before they are able to retire.

But while you are waiting, consider the difference between waiting in line at Disney World or waiting in line at the drivers license bureau. Both involve waiting, but the sense of anticipation could not be more divergent.

Jeff Turner / Flickr.com http://tinyurl.com/jjxhg88

Thinking about buying a bigger house?

Well, you never just buy a bigger house.

You also buy a bigger light bill, heating bill, water bill, insurance bill, decorating bill, remodeling bill, lawn care bill. And if you happen to move into that nice upscale neighborhood, you might also tack on to all the rest a larger set of expenses for a more upscale lifestyle (food, travel, entertainment).

None of this is necessarily good or bad. It’s just reality.

Garrette / Flickr.com http://tinyurl.com/zzs4gle

When it comes to making decisions about your cash flow, precision beats perception every time.

Let’s say you’ve taken your car in for several repairs in the last couple of months. You might start assuming you’ll need to replace it soon. You starting checking to see whether or not you’ve got enough cash…should you try to get one of those zero percent finance deals or use my cash?

eltpics / Flickr.com http://tinyurl.com/hb92hfg

I find that the farther away an event is, the more willing people are to accept risk now in hopes of dealing with it later. But when later comes…

Why else would a 45 year old man keep telling himself, “I’ll do some retirement planning…when the kids are out of school.”

The same is true for many a 60 year old who says, “I plan to self-insure for long-term care,” when they may know very little about the risk they are now so blithely accepting.

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