Financial planning

By Byron Moore, posted January 23rd, 2014

Question:  My husband and I want to start a family soon. We both work now, but we would really like for me to be able to stay home when we have a family. All of our friends say it's really hard to do, but we'd really like to. What can we do? 

Answer: Well one thing's for sure - you can't be like your friends.

The following column was published in The News Star on Saturday, January 11, 2014.

Question: I will be retiring in a few years. I will have Social Security, money in my 401(k), some company stock I’ve acquired over the years and some cash. I think I’ll have enough, but I am not sure the best way to take out money when I need it. What’s the best way to take it out?

Answer: Last week, we began looking at the four most common ways to tap into your retirement funds for a regular income stream. We’ll do a quick recap, and then cover the third and fourth methods.

The following column was published in The News Star on Saturday, January 4, 2014.

Question: I will be retiring in a few years. I will have Social Security, money in my 401(k), some company stock I’ve acquired over the years and some cash. I think I’ll have enough, but I am not sure the best way to take out money when I need it. What’s the best way to take it out?

Answer: The best way is whatever method works best for you. It doesn’t matter what anyone else does.

By Byron Moore, posted November 15th, 2013

Question:  I've always made financial plans every few years. Looking back, none of them have ever worked out like I planned. So why plan? 

Answer:  I think you know why, but I'll take the bait.

By Byron Moore, posted October 15th, 2013

Question: My husband and I are just paying so much in interest. We did not qualify for a super low mortgage rate and we pay over $1000 a month in car notes. And we have some credit cards we never seem to pay off. What's the best way to get lower interest rates?

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

By Byron Moore, posted September 19th, 2013

Question: I am dealing with some financial pressures that I've never had before. As a result I am just totally overwhelmed. Some days I can hardly get any sleep. Any advice?

Answer: Some financial stress is fact of life in our modern world. Normal.