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.

Flickr.com / duncan c / https://creativecommons.org/licenses/by-nc/2.0/

What is your time horizon when it comes to your retirement planning?

Before you answer, check your calendar, your watch…or maybe your birth certificate. I’m guessing your time horizon is a lot longer than you might realize.

If, for example, you said that you have a 20 year time horizon, I’m guessing you mean the time until you plan to retire. So that would make you mid-forties (sorry to give that away).

You feel like you are at the base of your own personal financial Mount Everest and you’ve got a mere 20 years to climb to the top. Fine.

Tax Credits / Flickr.com / https://creativecommons.org/licenses/by/2.0/

Not everyone is rich. So, does the profession of financial planning have anything to offer to the average or even poor person? What could just plain old regular folks do to live better?

I have met individuals worth multiple millions who had no time, no love and no peace in their lives. I have also met others who could list all their possessions on the back of a napkin whose family, community and lifestyle were a constant source of joy to them.

So let’s begin with the understanding that wealth never made anyone rich and poverty never made anyone…well, poor.

Image courtesy of jk1991 at FreeDigitalPhotos.net

Sometimes the numbers seem to say one thing, but real life screams something else.

That’s the case when I talk to young people with lots and lots of college debt to pay off.

The voices in their head say something like this:

David Strom / Flickr.com http://tinyurl.com/zovpe56

Resolved: no matter what happens in 2017, I will keep going.

Everything else is just details.

Winston Churchill will forever be remembered as England’s greatest prime minister, not because of his brilliant military strategies or political skill, but because when hopeless circumstances and fearful friends advised England to surrender, Churchill stood firm.

“Never give in; never give in; never, never, never…!” he growled to war-torn citizenry desperately in need of hopeful leadership.

Praveen / Flickr.com http://tinyurl.com/zvxwx64

What are you giving for Christmas this year?

Each year there’s an “it” gift that everyone seems to want, yet it’s often hard to find. Remember Tickle-Me Elmo? That was creepy.

As in economics, so in life… scarcity plus desirability equals value. High value. If you want an “it” gift bad enough, you may be willing to look high and low…and pay someone more than top dollar to acquire it.

Here are some gifts that are both rare and desired by many. See which ones you can be thankful you’ve received and which ones are so rare that only you can give:

Moderation is Overrated

Dec 14, 2016
Chapendra / Flickr.com http://tinyurl.com/zs2sn2m

I have no problem with eating healthy I do it all the time. I can say no to sweets, fried stuff and jumbo portions. As long as Im all in.

This week I've been telling my wife, I am embracing hunger." I almost believe myself.

What trips me up every time is when I decide its time to introduce some moderation back into my diet. I'll just eat one cookie, maybe a couple of chips and what could it hurt if I ate a fry off my childs plate?

Ken Teegardin / Flickr.com http://tinyurl.com/h862a6a

Twenty-five years ago, Bob Castiglione told me, Money is not math, and math is not money. At the time I just scratched my head (till all my hair fell out), but I finally figured out what he meant.

The advent of personal computers thirty years ago enabled those of us in the fledgling financial planning community to crunch numbers to our hearts content. Thus enabled to calculate the numerical nuances of infinite financial possibilities, financial planners began producing elaborate projections of potential financial futures.

BasicGov / Flickr.com http://tinyurl.com/hnhp7ek

Most governmental bodies, institutions and large businesses have some sort of disaster preparedness plan. Do you?

It seems like not a year passes that some fire out west destroys dozens, if not hundreds of houses incinerated in its path. Whether its a western wildfire or just a stovetop grease fire that burns down your house, make sure that whatever you lose to a fire, youve got the coverage you need. As with any insurance decision, I recommend you speak with a licensed professional agent. Here are a few things to consider:

PicturesFromWords / Flickr.com http://tinyurl.com/j98q28j

Everybody wants to go to Heaven, but nobody wants to die to get there.

Here is a self-discovery conversation I often have with people: suppose you are 35 years old and need $1 million to retire at age 65. So you’ve got 30 years. You figure you can save $10,000 a year and let’s just say your financial crystal ball says you could earn 5% per year on the money.

At the end of 30 years, you’ll have almost $700,000.

“But that’s not enough,” you observe. “I need a million to retire.”

OK – so what shall we change in this equation?

Gregory Roberts / Flickr.com http://tinyurl.com/hdaocon

Let me tell you the story of the Pyle brothers.

They did nearly everything alike. They married twin sisters, lived next door to one another and invested exactly in exactly the same things. As a result, they each reached retirement age with a…pile of money.

Big R. Pyle didn’t much think about life’s risks. He shunned insurance, drove without a seatbelt and actually went swimming before his mother’s not-for-30 minutes-after-dinner rule was up.

Pages