Financial planning

The following column was published in The News Star on Saturday, November 22, 2014.

By Byron Moore, posted November 21st, 2014

Question: I've got to decide about a job change. My job is killing me, the hours are too long, I never see my family and I just don't like what I do. But the money is a lot better than I can do anywhere else. Switching jobs would mean a huge lifestyle change for us. How can I know when the right time is to make a change?

Answer:  I think you already know.

The following column was published in The News Star on Saturday, November 15, 2014.

The following column was published in The News Star on Saturday, November 1, 2014.

Question: I have decided to buy a pretty large life insurance policy on myself so that if something happens to me my wife can keep raising the kids. She would have to forgo much of her career to raise our kids alone, so it wouldn’t be fair for her to have to go back to work later in life just because I died early. So I’m good with all that, but I am not interested in some dude coming along after me and sweet-talking my wife out of the money I leave for my her and my kids. How to I keep that from happening?

Answer: The way I usually hear this expressed is, “I trust my wife completely. It’s the guy after me I’m worried about.”

The following column was published in The News Star on Saturday, October 25, 2014.

Question: My uncle has a lot of money but he is not a happy man. He’s always grumpy, he’s never at home and his kids don’t like him. All his big business buddies think he hung the moon, but they don’t really know him. Do people just get to the point that when they have a bunch of money, it just ruins them?

Answer: One of the most quoted verses in the bible is “money is the root of all evil.”

The following segment first aired on KEDM 90.3 on August 20, 2014

     

The following segment first aired on KEDM 90.3 on August 13, 2014

     

The following segment first aired on KEDM 90.3 on July 23, 2014

     

The following column was published in The News Star on Saturday, September 27, 2014.

Question: I have a small group of guys that meet with every week. We’re all in our 40s and 50s. One of the things that we all agree on is retirement. We’re not going to do it. We plan to work until we drop. For one, the idea of retirement is not a good one to me. Also, if I don’t have to save for a retirement I don’t want, it greatly simplifies my financial life. Wouldn’t you agree?

Answer: If anything, I think you and your friends have set your sights too low.

The following column was published in The News Star on Saturday, September 20, 2014.

Question: Let me be frank. One of the reasons I have not yet done a financial plan is that I have not found a planner that didn’t just remind me of a salesman. I don’t want a salesman. I don’t want to be sold. I want advice. Is that so hard to find?

Answer: It shouldn’t be, but you might have to kiss a few frogs in the process.