Развлечения и слоты

В казино Вавада доступен широкий ассортимент, включающий разнообразные развлечения: от слотов до спортивных ставок. Пользователи могут участвовать в лучшие игровые автоматы, созданные известными провайдерами, например: Razor Shark, Starburst, Bonanza, Immortal Romance, Dead or Alive 2, Wolf Gold, Sweet Bonanza, Mega Moolah, Gonzo’s Quest, Book of Dead и другие.

Для каждого любого слотов в казино на Вавада есть демо-режим, предоставляющая возможность космосрядом.рф играть без затрат и без ограничений. Не понадобится регистрироваться.

В дополнение к слотам, на этом сайте есть и другие игры. Как пример, спортивные ставки. Есть различные типы пари на спорт: предматчевые ставки и прямо во время матча, а и ординар, экспресс-ставки. Имеется более 10 видов спортивных дисциплин, где можно сделать ставку в любом формате.

За исключением обычных ставок на спорт вдобавок слотов, доступен эксклюзивный и увлекательный режим — живой дилер. Он означает традиционные настольные игры, но с нюансом — по ту сторону экрана будет живой крупье, который намерен вести вас на протяжении всей игры. В этом сегменте есть игры типа: блэкджек, крэпс, баккара, покер, рулетка и другие игры за столом. Игры же созданы топовыми поставщиками. Например, Iron Dog Studio, PG Soft, Spinomenal, Playtech и прочие. Слоты содержат высокий RTP, бонус-раунды и многое другое.

Официальный сайт вавада онлайн казино

Онлайн казино Вавада официальный сайт — ресурс, на каком показано много игровых машин, настольных игр, спортивных ставок и других игр. Сам ресурс https://космосрядом.рф удобен в эксплуатации, оформлением радует глаз, поэтому пользоваться вавада казино ещё удобнее.

Собственно ресурс появился в две тысячи семнадцатом, и с тех пор он приобрёл высокую репутацию, потому что данное казино любим многими. Функционирование казино, разумеется, официально разрешена. Curacao (Антилефон Н.В. – 8048/JAZ) — лицензия на деятельность данного клуба, и оператор выступает Moracon Ltd. Ресурс поддерживает на множестве языков мира: польский финский венгерский португальский корейский турецкий греческий немецкий испанский русский болгарский казахский узбекский английский итальянский и др.

Итак языковых преград у клиентов не случится. Существуют запреты по странам, доступ запрещён клиентам из данных стран: Синт-Эстатиус, Бонайре, Аруба, Нидерланды, Франция, Иран, Германия, Великобритания, Словакия, Северная Корея, Голландские Карибские острова, Синт-Мартен, Грузия, Швеция, Саба, Мьянма, Португалия, Бельгия, Соединенные Штаты Америки, Кюрасао и др. Пользователям из этих стран приходится использовать рабочие зеркала или VPN-услуги. Про зеркало casino Vavada более подробно информация ниже.

Рабочее зеркало Vavada

Рабочее зеркало casino Vavada — данный понятие знал каждый, какой проводил время в игровое место. Известный факт, как этот термин применяют для цели, чтобы обходить блокировку. Однако каким образом этот метод действует? Программисты делают дополнительный интернет-страницу игрового заведения, какой полностью повторяет официальный ресурс, а геймеры с того ресурса, какой заблокирован, переключаются на данный. В названии домена может поменяться номер или буква, но по существу различия вы вообще и не заметите.

Некоторые пытаются разные подходы, например, VPN-программы, всё же лично участники https://космосрядом.рф в курсе, что полноценный сервис будет стоить средств. В связи с этим и пользуются другой вариант в форме зеркала вавада казино. Трудность в другом теперь: а каким методом этот ресурс найти? Для этого предусмотрено несколько решений:

• Используя поисковый сервис. Наберите поисковый термин «вавада зеркало» и дальше по начальной URL переходите — всё элементарно. При этом здесь есть шанс встретить аферистов, что будут пытаться предложить неподлинный портал как настоящий, и поэтому возможно потеря конфиденциальной информации.
• Подписаться на новости. На портале предоставлена настройка, посредством которой в почтовый ящик будут отправляться URL на свежие дублирующие сайты. Нужно указать вашу имейл, и дальше будут отправляться e-mail’ы.
• Соцсети Vavada: ВКонтакте, Фейсбук, Инстаграм.

Создание аккаунта и вход в систему

Регистрация — шаг по созданию персонального кабинета, в котором вы сможете вносить средства, проводить время в казино, применять бонусы. На платформе Вавада регистрационный процесс простой, осуществляется за секунд 30. Чтобы создать аккаунт выберите «Создание учетной записи» в правом верхнем углу страницы, а затем последовательно внесите данные в форму. Вам понадобятся следующие данные: адрес электронной почты (или ваш телефон), ваш пароль. Не забудьте поставить чекбокс, согласившись с правилами игрового клуба и подтверждая, что вам больше 18 лет. Завершено, аккаунт зарегистрирован.

Когда потребуется войти в личный кабинет игрового ресурса Вавада, нужно перейти на официальный сайт, нажмите на «Вход» и укажите информацию аккаунта: электронная почта (или номер мобильного телефона) и ключ доступа. После этого нажмите «Вход в систему». Если по какой-либо причине не получается войти, то возможно сбросить пароль. Чтобы сбросить пароль нажмите на «Забыли свой пароль?» и впишите ваши контактные данные, затем на телефон или почту придет инструкция по сбросу пароля.

Важным является и факт, что подтверждение для Вавада — обязательный процесс. Она будет необходима для вывода средств. Нужно будет добавить копию документов, которые подтверждают ваши данные. Подойдёт паспорт, ID-карта или водительские права.

Вывод о вавада онлайн казино

Вавада онлайн казино — выдающееся игорное заведение, с особенностью широкой бонусной политикой, простым процессом регистрации и большим ассортиментом. После краткого обзора выше вы выяснили с процессом регистрации, списке игр и актуальном зеркале. В данный момент можно начинать начать игру в casino Vavada!

“Unless commitment is made, there are only promises and hopes . . . but no plans.” —Peter Drucker

Rafe and Liz had been dreaming about building a new house since they got married fifteen years ago. When they went on vacations, they often drove through nice neighborhoods in distant cities to get more ideas. They devoured magazines for design concepts for houses and landscaping, and they talked endlessly about the kind of house they wanted to build. Thinking about their dream house was almost a game to them, and they enjoyed it.

During those years, Rafe was promoted several times, and each time, they got a little closer to the point of saying “yes” to build their home. Then, Liz received an inheritance from her grandmother’s estate, just enough to give them a sizable down payment. That did it. They were ready!

They kicked their planning into high gear. Instead of dreams, they now started making plans. Suddenly, they realized they had to make some decisions—some hard decisions—about what’s most important to them.

They quickly understood that those years of dreaming about their ideal home would have to be tempered by the reality that they couldn’t do everything they’d ever wanted to do. After all, people worth millions of dollars owned many of the houses they’d seen. Rafe and Liz had significant resources, but not millions.

Liz loved to entertain, so having a nice dining room was important to her.

Their daughter was in middle school, and their son was in the fourth grade. Rafe enjoyed playing soccer and baseball with his son, so he wanted a big backyard.

They both wanted their bedroom to be a long way from the kids’ rooms. They looked at plans for a 4000 square foot house that had a large dining room, but if they built their house that large, they could only afford a small lot that wasn’t in the school district where they wanted to live.

As the days went by, they had to talk through their hopes and dreams, and they both had to be willing to compromise. After weeks of long and occasionally intense conversations, they realized that one of their biggest priorities was a game room.

Their children would be in middle school and high school in the coming years, and they wanted a place where they could bring their friends to hang out.

The process of planning may have dampened some of their dreams, but it helped Rafe and Liz clarify their real desires for their family.

They hired a builder who had some great house plans, and they were able to tell him exactly what they could afford and what they wanted. Soon, they decided on a plan, and they picked a neighborhood that wasn’t what they had dreamed about, but it fit their newly clarified goals.

The process Rafe and Liz experienced in building a home is a perfect analogy to creating a sound, effective financial plan. For that reason, I call this process “The Blueprint for Financial Success.”

What Difference Does It Make?

When we talk about financial plans, some people roll their eyes and think, Good grief. That sounds so boring! But having a workable plan is essential to a life of peace, contentment, and fulfillment. Blundering along in life without a plan is a sure way to raise levels of anxiety, fear, confusion, and tension between family members. It takes a little work, but the benefits are enormous! Before we get into the process, let me tell you about a few people who found it helpful.

Suzanne is a single mom who was buried in debt. She was raising two children on a job that didn’t pay well. She came to my office and shared her hopes and dreams. As we talked, I asked her about her goals as well as her assets, liabilities, and expenses. One of the things she really wanted to do was to take her sons on a nice vacation to Europe. That was her dream, but she didn’t see any way that could happen. Her first goal was to get out of debt.

One of Suzanne’s expenses was smoking cigarettes. We calculated that she was spending $40 a week on cigarettes. “I’ve tried to quit,” she told me, “but I guess I haven’t been too motivated.” I showed her that by saving the $40 a week, she’d have over $2000 in a year. For some reason, this reality had never dawned on her. Actually, we found several other expenses that she could eliminate, like cable television and some magazine subscriptions, and in the end, she chose to keep cable but drop the magazines.

As the year went by, Suzanne was able to pay off $1500 in debts, and a year after she came to see me, she took her boys on a vacation to the beach in Florida. When she got back, she called to tell me, “Jim, it wasn’t Europe, but we had a great time together. And I feel even better because I’m not in debt any more. Thank you!”

Robert and Rebekah had a bunch of fun friends, and they tried to do everything their friends could afford. They took nice cruises with them, Robert bought the finest fishing gear so he would look good when he went with his buddies, and Rebekah shopped at upscale stores with her friends. When they came to see me, they were a classic case of living barely above water. They had gone years without owing any money, but they spent every dime they earned. Recently, some medical bills had put them over the edge, and they realized that something needed to change.

As we talked, they realized they were locked into the lifestyle they were living. They needed an emergency fund and some investments for the future, but these choices conflicted with their deep desire to maintain their spending levels so they could keep up with their friends.

We outlined what matters most to them, and they finally decided that the peace of having a cushion outweighed (but just barely) their desire to keep spending to be accepted by their friends. We designed a budget, and with only a few changes (from my perspective) about some important expenses (from their perspective), they were able to put hundreds of dollars each month into an emergency savings fund and then into a mutual fund.

A year later, they came to see me, and they were thrilled! They felt great about their growing nest egg, and Rebekah explained, “When I told my friends what Robert and I were doing to save money, several of them decided to do the same things. They were as afraid of losing friends as we’d been, so we made changes together.”

Six years ago, Steven was in his mid-30s, and he had a dream. He always had a knack for technology, and he had been tinkering with a new device that would make offset printing cheaper but with higher quality. He patented his invention, and he took his concept to investment bankers in New York. They loved the idea, and they backed him in creating a new company.

Steven was, to say the least, dedicated to his new company. He flew all over the country meeting with printing companies, and he often flew to New York to meet with his investors. When he was in town, he regularly worked 16- or 18-hour days, 6 or 7 days a week. His company was doing well . . . very well. When Steven came to see me, his company was five years old. That year, it had grossed over $100 million, and his personal net worth had skyrocketed to $50 million. But the day before, his wife had contacted an attorney to start divorce proceedings, and his children despised him so much they refused to talk to him. Steven was distraught, but he was so immersed in running his business, his cell phone never stopped ringing during the hour we talked.

From the look on his face, I realized he needed more than a little financial advice. He needed a complete change in his life’s priorities.

I met with Steven several times to talk about what matters most to him. He realized that his preoccupation with his career and money was costing him the people he loved most. The reality of their hostility shattered him, and one day, he called to tell me he was thinking of taking his life. A few minutes later, we met, and I took him to see a counselor. In the weeks that followed, some amazing things happened. Steven mustered the courage to make changes—not superficial ones, but drastic ones. He hired someone to take over his business as the CEO, and he became the board chairman with far fewer responsibilities.

He asked his wife and children for forgiveness, and he made it his aim to earn their trust and respect again. That road had many ups and downs, but eventually, his marriage was restored. One of his children now cherishes her father, but the other hasn’t yet found the faith to trust him.

No amount of money and no level of business success could fill the hole in Steven’s soul. He had almost lost everything, but a hard look at his life enabled him to make decisions to reclaim what mattered most to him.

From time to time, people come to my office who inspire me. When I ask them the questions about their life’s purpose, their eyes light up, and they tell me about the passion that gets them up each morning and keeps them from sleeping at night because they are so excited about it. Charles and Diane are like that. When I met with them, they told me about their work with the homeless. They don’t just donate money. They give generously of their funds, but they give even more of their time and their hearts. Diane told me, “Jim, you have no idea how it thrills me to be able to help a young mother on the street who desperately needs food and medical care for her baby.”

Diane and Charles explained that they got into this work almost by accident, but it captured their hearts. A group from their church asked Charles to drive the youth group’s van so they could take some food and clothes to homeless people. Diane went along for the ride. Neither of them realized how God would touch their hearts that day. They are well connected, so they garnered resources and commitments from a number of churches and social organizations. In addition to food and clothes, they are providing job training and placement, reading skills, and courses in self-protection. Today, they are making a huge difference in hundreds of lives.

Why, you might ask, did they come to see me? Charles told me, “We want to maximize our impact with those dear people, and we want you to help us.” Gladly, sir, gladly.

Financial planning may begin with a commitment to responsibility, but it results in tremendous satisfaction. A friend told me about the sheer delight of providing for his now grown children.

He said, “When my kids were little, I wanted to be sure they had a good education. I knew I couldn’t afford to send them to an expensive college, but I wanted to at least send them to a state university. My wife and I started a college fund for them, and by the time they went to college, we had enough. I remember the enormous sense of satisfaction when I wrote that first check for my daughter’s tuition, room, and board. And I felt the same way every semester for her four years and my son’s four years, too. I had done what I set out to do, and it felt great!”

Blueprint Overview

The Blueprint has three sections: defining what matters most to you, a snapshot of your current financial position, and setting specific goals for your future.

In the first three chapters of this book, we focused on your vision and identified what matters most. That’s crucial, but it’s only the first step. In this chapter, we’ll be intentional by setting goals, and in the remaining chapters, we’ll examine the nuts and bolts, the means of achieving your goals. Setting goals is an important step that will guide our decisions about money. For most of us, our goals include our children’s college education, weddings, family vacations, retirement, a cause that inspires us, and perhaps a significant hobby. Some people may want to save enough to start their own business or buy a boat or a vacation home. And some people need to have enough money to adopt a child or provide extensive medical care for a family member.

The Blueprint isn’t magical, and it isn’t strange. It’s a straightforward look at those three elements of an effective financial plan, and it prepares you to take steps to accomplish your specific goals and fulfill your dreams.

>Okay, we’re ready. Get your pencil out, and let’s get started.

The Blueprint for Financial Success

Part 1: The Foundation

What Matters Most to You

Based on the reflection you’ve done in the first three chapters…

• What and who matter most to you?

• How do finances relate to what matters most to you?

• What is your experience, good and bad, with money and investments? (Reflecting on your financial experiences is a good first step as you design a workable plan to connect your resources to what matters most.)

Common Purposes…Or Not

Opposites attract, and quite often, a husband and wife have very different ways of responding to risk and making decisions. These differences are actually a strength of the relationship because each person complements and balances the other.

1. Would your friends say you make decisions quickly, or would they say you are very cautious and analytical? What would they say about how your spouse makes decisions?

2. In what ways do your answers about what matters most complement or compete with your spouse’s answers?

3. Regarding financial issues, who is the decision-maker in the family? Would your spouse agree?

4. Describe any common sources of tension in how you and your spouse handle money.

Part 2: The Framing

Your Current Financial Position

In this section of the Blueprint, you take a snapshot of your current financial position. Be rigorously honest and make an accurate assessment.

When I work with clients, I ask them to bring every piece of information that has to do with their money: bank statements, IRAs, 401k’s, other investments, mortgage information, auto loans, credit card balances and other debts, and all sources of income and a copy of the budget if they have one.

One client asked me if he should include some family debts. That’s a good question, and one that’s not easily answered. Many people fail to list money they’ve borrowed from family members as debts they owe. Somehow, they seem to think it doesn’t really count—and it doesn’t if they don’t intend to repay it, except in their consciences.

Similarly, many people don’t list money owed to them by family members as assets because, I assume, they aren’t sure they’ll be paid back. The point here is that there’s no need to list money owed by you or to you if there’s little chance of it being paid. I would, however, encourage people to make a commitment to pay back any money borrowed from parents, siblings, friends, or employers. They may have given up on it, but they’ll be glad to be surprised by your check!

Let me give you an example of a snapshot of a couple’s financial position. John and Krista are in their early 30s with two small children. Both of them worked until their first child was born. Krista put her career on hold to be at home, but their income, of course, was cut in half. When they came to see me, they realized they needed to plan effectively so they could provide for their family. First, they articulated what matters most. They told me that they have two passions: their family and their volunteer work at a food pantry.

The next step for John and Krista was to take a snapshot of their finances. Here’s what they listed under “assets”: —Checking account: $2525 —Emergency savings account: $3400 —John’s 401k: $58,560 —Krista’s 401k: $22,985 —Intel stock given to Krista by her father: $15,300 —Mutual funds: $17,775 —Market value of their home: $205,000 —Cash value of Krista’s life insurance policy: $16,150 —Blue book value of John’s car: $4500 —Blue book value of Krista’s van: $14,700 The total of their assets was $360,895.

Soon after they were married, John was able to pay off his college loans and pay for his car. Under liabilities, they listed: —Auto loan on Krista’s van: $13,290 —Credit card debt: $500 —Mortgage on their home: $165,455

The total of their liabilities was $179,245. Their net worth came to $181,650.

Now it’s your turn. List every asset and liability:

Assets

—Cash (savings, checking account, money market accounts, CDs, etc.) put 3 lines under this for a number to be written —Investments (401K or 403B, IRA, Roth IRA, brokerage accounts, UGMA, etc.) 5 lines for numbers —Other assets (real estate, business equity, vehicles, personal property, etc.) 2 lines Total Assets___

Liabilities

—Debts (home mortgage, auto loans, credit card debt, other debt) 4 lines for numbers Total Liabilities_____

Assets minus Liabilities equals Net worth____

For budgeting purposes, list salaries as the annual income for your family. —Monthly or Annual Income Name:________Income:______ Name:________Income:______ —Monthly or Annual Expenses Name:________ Expenses:______ Name:________ Expenses:______ —Monthly surplus or deficit:__ —Annual surplus or deficit:___ ![[BP-Finish.jpg]]

Part 3: The Finish

Your Specific Financial Goals

Some of us are gifted at setting good, clear goals, but others need some help. Popular author and speaker Brian Tracy wrote, “Successful men and women invest the time necessary to develop absolute clarity about themselves and what they really want, like designing a detailed blueprint for a building before they begin construction. Most people just throw themselves at life like a dog chasing a passing car and wonder why they never seem to catch anything or keep anything worthwhile.” *[Brian Tracy, Goals!, (Berrett-Koehler Publishers, San Francisco, 2003), p. 50.]

As you consider your goals, think about these principles:

—Goals must be your own. Don’t just adopt your parents’ or your friends’ goals. Take time to think about what you really want, and make them your own. You’re more likely to accomplish them if you’re personally invested in them.

—Consider what concerns you most. Is there anything that gnaws at your soul and won’t let you sleep because you’re so worried? Resolving that problem is a high priority for you. Make it a goal, and establish a strategy to accomplish it.

—Find someone who inspires you. I love the story of Jim Ryan, the first man to break the four-minute mile. Most people thought running a mile in less than four minutes was impossible, but Ryan was determined to prove them wrong. His autobiography, In Quest of Gold, tells how he set that goal and accomplished it in spite of long odds. Ryan is an inspiration to me and to anyone who has been told that we can’t achieve our dreams.

—Crystallize your thinking. Some people benefit from imagining a scenario that forces them to think more clearly. For instance, imagine that you just found out that you have a terminal disease and you have only six months to live. What would your goals be? Or think about what it would be like to enjoy your 90th birthday party. Where will you have the party? Describe the details of that party. Who would be there? What will they be saying about you, and what do you want them to say about you?

—Prioritize. All goals aren’t equally important, and each of the four types of people (buried in debt, etc.) will have different specific goals, at least for the short-term. Be disciplined and determined to focus on the most important goals first.

—Reexamine your goals from time to time. Things change. Births, deaths, graduations, weddings, promotions, hurricanes, floods, fires, illnesses, injuries, and other major events can affect your goals. Don’t be too rigid, but learn to be flexible to tailor your goals to fit your current situation. Identify your goals and prioritize them to be sure you accomplish what matters most to you. Each goal will need a specific date and the funding required. For example, your goals might include: —college education for your children —a nice wedding for your daughter —meaningful vacations for your family —paying off the mortgage on your home —a comfortable retirement; for instance, to retire on your birthday, April 15, 2027 with $100,000 in annual income (in today’s dollars) —starting a business —caring for an elderly parent or a disabled spouse or child

John and Krista had already identified their goals, but they wrestled with the projected amounts and dates when they would need the money. In their calculations, they figured that Krista would go back to work after Angela, their younger child, finished high school. Their goals are:

—College expenses for Jason Amount needed for a state university: $80,000 Beginning: August 2021 —College expenses for Angela Amount needed for a state university: $80,000 Beginning: August 2023 —Wedding for Angela Amount needed: $35,000 Date needed: about 2027 —Family vacations Amounts needed: an average of $3000/year Dates needed: yearly —Retirement Amount needed: $150,000/year (adjusted for inflation) Date needed: beginning on John’s 65th birthday, March 22, 2041

John and Krista determined that their top priorities are college expenses for the children and meaningful family vacations.

What are your most important financial goals?

—Goal #1: Specific date: Dollar amount: —Goal #2: Specific date: Dollar amount: —Goal #3: Specific date: Dollar amount: —Goal #4: Specific date: Dollar amount:

Look at your goals very carefully. List these in order of priority.

Achieving Your Financial Goals

Look at each of the goals you have prioritized. What will it mean to you to accomplish each of these?

The Blueprint for Financial Success FREETIC

Essential Elements of a Financial Strategy

FREETIC is an acronym that begins with Financial Freedom (or Retirement Planning) and then includes each of the elements of financial planning as outlined in the Certified Financial Planner process.

FREE TIC is the simple acronym I like to use (in my head) to help me stay on track when creating (and presenting) a comprehensive financial plan.

My approach to financial planning is generally focused on FREEDOM. I want to have lots of options in my life and I assume that’s true for each and every person I meet. What about you?

Financial freedom (or retirement)

Some people want to work the rest of their lives, but others eagerly anticipate retirement so they can travel and devote more time to hobbies, their families, and some important causes. After he retired, my friend Buck transitioned from full-time employment to serving as one of the leaders of our church’s men’s ministry. His definition of retirement is simple: “It’s when I stopped working for money, and money started working for me.”

Whether you actually quit work, continue working, or change vocations to become a full-time volunteer, you need a clear plan to achieve financial freedom and accomplish your dreams. Buck paid close attention to his plan, and his plan continues to pay big dividends today.

Risk management

We deal with many risks, ranging from minor car accidents to catastrophic injury or death. All of us need adequate property and casualty insurance, as well as life insurance. In addition, we need to consider other ways to lower our risk. Experiences of long-term illnesses and disability can cause severe financial hardships, and they can be a burden on those we love. Some of the pain can be alleviated with properly planned insurance.

Education planning

It is important to start putting money aside for college as early as possible. There are many options, each with specific features. Education planning can be challenging because of the complexities of tax considerations, management fees, parental income limitations, and other issues. For example, some accounts charge a penalty if the money isn’t used for college costs. Saving money, borrowing money, and financial aid are some obvious ways to pay for college. As you plan, remember that the inflation rate for college expenses is higher than the rate for other goods and services.

Your overall financial strategy should include a wide range of solutions that insure your children will be able to attend college to achieve their dreams.

Estate planning

Estate planning is a process that determines how to distribute your property during your life and at your death according to your goals and objectives. Without advance planning, more of your assets may go to the federal government in taxes instead of going to the people you love.

The issues that will affect your estate include taxes, probate, liquidity, and incapacity. Your strategy can consist of solutions that are simple and inexpensive (e.g., a will or life insurance). If your estate is large the process can be complex and expensive, and it’s wise to involve professionals in estate planning. Even modest portfolios, however, can grow into large ones if they are managed properly, so every person needs to consider estate planning, either now or in the future.

Tax planning

The goal of tax planning is to minimize federal income tax liability while maximizing the after-tax return on investments. Typically, deferring some income in a 401k, 403b, deductible IRA, or other tax-advantaged accounts reduces taxable income. Roth IRA’s are excellent vehicles for many Americans to save for tax-free income.

Each person’s tax planning strategy is based on individual income and should include solutions that defer taxes and offer tax-free growth whenever possible. Some individuals need expert tax advice in order to design the best strategy, but standard solutions work well for most people.

Investment planning

Almost limitless choices are available to every investor. Your strategy must be designed to get the highest return within your tolerance for risk and your time horizon. No one can guarantee a profit or protect against a loss in a declining market, but diversification limits risk, and dollar cost averaging (using automatic deductions) takes some of the guesswork out of investing. Asset allocation is the most important step in diversifying your portfolio. You can balance risk and return by spreading your dollars among different types of assets, such as stocks, bonds, and cash equivalents. Different types of assets carry different levels of risk and potential for return, and these investment vehicles typically don’t respond to market forces in the same way at the same time.

A long-term strategy will help you ride out the ups and downs of the market to build a sizeable investment account over your time horizon.

Cash flow

Cash flow (or budgeting) is a process to measure, plan, and prioritize your spending and saving. Your commitment to financial success requires a clear strategy for managing all aspects of your income and expenses. An analysis of cash flow is the starting point in any financial strategy. Analyze your current financial position honestly and realistically, clarify your goals, and develop a clear financial strategy. On an annual basis, measure your progress.

Working with a Professional

When Rafe and Liz decided to build their house, they knew they didn’t have the expertise to design it and build it themselves. That’s why they hired an architect and builder. In the same way, few of us have the savvy to design our own comprehensive financial plans. We may need some assistance and guidance from a professional to help us make the best decisions so that our dreams and goals are fulfilled.

Many of the calculations that seem overwhelming to you are the stock-in-trade of financial professionals. Your role is to clarify the vision and have a firm intention to fulfill your goals; the professional’s role is to provide the technical means. For reasons we’ll examine in a later chapter, some people don’t see financial professionals as trusted resources. That’s too bad, because a good professional may help you identify and prioritize your goals, and they may provide valuable insights about choosing the best investments to achieve your goals more quickly and with less stress.

The Blueprint for Financial Success is a powerful tool to help you and your financial advisor put it all together.

Solomon’s Advice on Financial Planning

King Solomon was the classic example of someone who had bucks in the bank, but without peace. He ruled the nation, and he commanded the army. He had fabulous wealth, and he indulged himself on parties, infinite sex, palatial homes, and possessions beyond counting. But all the wealth and pleasure in the world couldn’t fill the hole in his heart. He complained, “I’ve been king over Israel in Jerusalem. I looked most carefully into everything, searched out all that is done on this earth. And let me tell you, there’s not much to write home about. God hasn’t made it easy for us. I’ve seen it all and it’s nothing but smoke—smoke, and spitting into the wind” (Ecclesiastes 1:12-14). Even though he was disillusioned, God gave him wisdom to understand how life is supposed to work.

My friend Matt Chandler is the lead pastor of The Village Church in Flower Mound, Texas. My wife and I love to listen to his messages. *[Matt’s podcasts are free through itunes or at his website: http://www.thevillagechurch.net/resources/sermons.html]

Consumers Anonymous

In a study of Ecclesiastes, Matt painted a vivid portrait of King Solomon’s lifestyle of rampant consumption. At the end of Solomon’s grand, self-indulgent experiment, he warned that everything in life is meaningless without God. But life doesn’t have to be that way. Matt challenged people to develop “a sixth sense” in following Jesus to a rich, meaningful life.

Matt explained, “When our lives are directed by a transcendent purpose, money can just be money. It no longer becomes our master, and we don’t have to have it to gain some kind of social status. We can give money away or buy a house, and it doesn’t own us. Christ removes futility and vanity from our souls and gives us the purpose you and I are dying for.

Everything else under the sun is running on a treadmill. My hope is that you’ll honestly evaluate life, and you’ll begin to look beyond the Sun. And I hope you and I develop—even more fully—the sixth sense of faith in Jesus Christ.”

The complexity of today’s financial vehicles may be a recent phenomenon, but the need for good planning is as old as civilization. Jesus had more to say about money than almost any other subject. In fact, a third of his parables focused on how people handle money.

Why is money so important to God? Because the way we use money reveals what’s in our hearts, and our courageous choices about money shape the direction of our lives. Solomon wrote about the importance of planning almost a millennia before Jesus. He wrote, “Careful planning puts you ahead in the long run; hurry and scurry puts you further behind” (Proverb 21:5.)

One of the chief problems, Solomon observed, is that some people are just too lazy to plan. Perhaps they think someone else will take care of them, or they don’t see the benefit of spending a little time to provide resources for the people they love, or maybe they haven’t determined what matters most to them so they aren’t motivated to do the little bit of work necessary for large gains. Whatever the reason, the king noted, “Laziness makes you poor; diligence brings wealth. Make hay while the sun shines—that’s smart; go fishing during harvest—that’s stupid” (Proverbs 10:4-5).

We are wise, Solomon tells us, if we take a hard look at our current condition so we can see immediate or delayed danger. Only the foolish close their eyes to these realities. He encouraged us, “A prudent person sees trouble coming and ducks; a simpleton walks in blindly and is clobbered. The payoff for meekness and Fear-of-God is plenty and honor and a satisfying life” (Proverbs 22:3-4).

“Plenty and honor and a satisfying life.” That’s Solomon’s promise for those who plan for the future. Sure, it takes some time and effort, but the lack of planning produces worry that absorbs our time and depletes our energy. The king encourages us to be smart, not stupid, and to work on our financial plans.

A life of faith is an adventure. Sometimes, we have to make hard decisions, and it seems that God is a million miles away. But at other times, we see him provide for us and lead us very clearly. The more we grasp God’s greatness and goodness, the more we’ll trust him—even when we don’t sense his presence. As we trust him, we’ll worry far less. In his most famous talk, Jesus told us that God provides for us in incredible ways. He said, “That is why I tell you not to worry about everyday life—whether you have enough food and drink, or enough clothes to wear. Isn’t life more than food, and your body more than clothing? Look at the birds. They don’t plant or harvest or store food in barns, for your heavenly Father feeds them. And aren’t you far more valuable to him than they are? Can all your worries add a single moment to your life?” (Matthew 6:25-27).

Think about it…

1. Were you able to calculate and write down your total net worth? If so, were you encouraged or disheartened by the reality of that number? Explain your answer. If you couldn’t complete this section now, will you commit to taking the time to calculate your net worth in the next 30 days?

2. Are your goals clear or vague at this point? How will it affect you (your attitude, relationships, confidence, etc.) when you have clear financial goals and a powerful strategy to achieve them?

3. In the next chapter, we’ll examine the elements of a financial strategy, but as you read the brief descriptions of them in this chapter, which ones seem most important to your goals? Explain your answer.

4. Would the services of a financial planning professional help you? Why or why not?

Going deeper

1. Read Proverbs 21:5, 10:4-5, and 22:3-4. On a scale of 0 (stupid, a simpleton) to 10 (smart, prudent, a careful planner), rate your financial planning abilities up to this moment in your life. Explain your answer.

2. Rate your motivation from 0 to 10 to create an effective financial plan. Do you really believe that having an effective plan will result in “plenty and honor and a satisfying life”? Why or why not?

3. Read Matthew 6:25-27. How would it affect your attitude (thankfulness, peace, etc.) if you really believed that God will provide for you? In light of this passage, what’s your part and what’s God’s part in your financial planning and strategy?

4. If you had only six months to live, what would your priorities be? How could you use your resources to accomplish those priorities?

About The Blueprint for Financial Success

The Blueprint for Financial Success is a powerful tool designed to simplify the planning process while helping you connect your financial decisions with your vision, values, and purpose.

 

Money Study Group is an online self-study self-paced course designed to help students create a compelling financial plan while learning how to become a millionaire by age 50.

• Save More Money

• Pay Lower Taxes

• Build a Better Retirement

Principles and Process

Money Study Group is based on the principles and process outlined in Jim Munchbach’s books: Make Your Money Count, What Matters Most, and Allied for Success. The online course features The Blueprint for Financial Success.

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The Principles and The Process: Our courses (Money Study Group and Money Study Group) feature The Blueprint for Financial Success.

Sponsored by BayRock

The Missional Money Financial Planning course and Money Study Group are sponsored by BayRock Financial, a Texas-Based RIA. In order to provide high quality online training, the initial cost of production far exceeds what we charge for the services included in our programs. Rather than charging commensurate prices, crowd-funding, or raising startup capital for the educational resources provided by Munchbach Family Office, we chose to create a sponsorship arrangement with BayRock.

Conflict of Interest

A conflict of interest occurs when an entity or individual becomes unreliable because of a clash between personal (or self-serving) interests and professional duties or responsibilities. Such a conflict occurs when a company or person has a vested interest—such as money, status, knowledge, relationships, or reputation—which puts into question whether their actions, judgment, and/or decision-making can be unbiased. When such a situation arises, the party is usually asked to remove themselves, and it is often legally required of them.

BayRock makes decisions in a fiduciary context for clients who have signed agreements for financial planning and/or investment management. BayRock is regulated by The Texas Securities Board which provides oversight that helps to identify any contending interests that need to be clearly identified. BayRock’s process for identifying and communicating conflicts of interest for advisory and/or financial planning clients is an ongoing part of the compliance reivew process.

Our Educational services (Online courses including Money Study Group and Missional Money Financial Planning) are sponsored by BayRock in order to keep the cost as low as possible for students and investors who want to have access to BayRock’s premium planning platform without having to pay the advisory fees or the financial planning fees that are a part of the fiduciary agreement with BayRock.

Jim Munchbach serves as CEO of BayRock and also receives compensation from the Bauer College of Business at University of Houston for teaching Personal Finance (Money Study Group). Additionally, students are charged a small fee to gain access to the online course content as well as the financial planning software which is also available for BayRock clients at a much higher price.

While Jim Munchbach may be considered to have a conflict of interest, the University of Houston policy regarding compensation for text books and other course material is quite clear. To the extent that a conflict of interest may or may not exist in the conduct of teaching at the Bauer College of Business at University of Houston while also providing fiduciary services to clients of BayRock Financial, Jim has taken the following steps to be as transparent as possible:

1. BayRock Legal Documents outline Jim’s role as Adjunct Professor at UH

2. BayRock helps to subsidize the production cost of course materials so that students pay far below actual cost for the materials used in Jim’s Personal Finance Course.

3. Jim Munchbach has personally contributed to the overall cost of the course so that students actually pay about 20% less than they paid for the course material that was used pre-covid (Dave Ramsey’s College Foundations material had cost of $98.00 – $125.00 per student).

4. The total cost for Money Study Group is far below the prevailing cost of materials used in Personal Finance courses at other universities.

5. The overall value of the technology used to create a better educational experiment for students at the Bauer College of Business at University of Houston, far exceeds the current cost of Money Study Group.

Best of Class Technology

Thinkific

Thinkific allows us to create courses that delight. We wanted create a self-paced online course with live classes that integrate the financial planning principles and process outlined in Make Your Money Count, What Matters Most, and Allied for Success. Each of these books are written by Jim Munchbach, CFP®, CPCU®, CLU®, ChFC®. Thinkific makes it easy to translate the CFP® Professional expertise into learning experiences that produce better results.

BayRock and RightCapital

Interactive Financial Planning

As a student enrolled in Money Study Group, your interactive experience includes several elements that will clearly illustrate multiple scenarios, stress tests, and much much more, allowing you to learn not just principles of personal finance – but a process you can put to work to build your financial future.

Tax-Efficient Strategies

Easily see how you can save money with an optimal tax-efficient distribution strategy—learn about withdrawal schedules and Roth conversions in a way you’ll truly understand.

Social Security Optimization

Learn how to maximize your Social Security income. You’ll learn how to confidently make big decisions, like when to start receiving benefits.

Budgeting Tools

Powerful tools to manage your budget, track spending in various categories, and better manage your expectations for future spending.

Student Loan Management

Our unique student loan module will illustrate different scenarios so you can reduce your payments. Learn how to ease the burden of student debt for yourself and – someday – your children.

Insurance Needs Evaluation

Learn how to protect your assets in the event of situations such as disability or death. Evaluate your insurance needs in different situations and identify ways to ensure that you’re making wise decisions with your insurance budget. Because you’ll spend a lot of money on insurance in your lifetime!

Basic Estate Planning

Learn the basice flow of assets at the end of life, including any possible estate tax ramifications. Replace your anxiety with the peace of mind, knowing your assets are in order.

Account Aggregation

Bring together your bank accounts, credit cards, and externally-held investment accounts all in one place. It’s finally easy to see your full financial picture.

Streamlined Planning Process

Digital onboarding is easy. Using the same premium planning portal BayRock uses for our best wealth management clients, these six simple steps will streamline your planning experience. Get started into your new student/client portal now!

It’s easy for you and your loved ones to get up and running. We’ll help you create a compelling financial plan for your future!

• Save More Money

• Pay Lower Taxes

• Build a Better Retirement

Financial Planning Mobile App

• You can have access to your financial plan at any time!

• Check your information on the go on any device.

• RightCapital mobile app for account balances, budget, and more.

True wealth is more than just money. It’s living out your life vision, values, and purpose. It’s making sure your legacy survives the next generation. It’s having more clarity, confidence, and contentment in your financial life.

How we help DIY Investors

Our goal is to help you pursue your financial goals. Whether you’re just getting started in a business, halfway through your career, or preparing for retirement, you need a plan. Most DIY Investors have some type of “financial plan” for retirement – but most DIY Investors don’t have a well-coordinated plan. Our process will not only help you gain more clarity, confidence, and contentment in your financial life – we help you take your retirement planning to the next level.

What Matters Most for DIY Investors

Online Financial Coaching for Retirement

Online Financial Coaching is a powerful process designed to help you create a customized financial plan to manage the risk and opportunity of everyday life, recover from the unexpected, and realize your highest purpose.

Online Financial Coaching for DIY Investors

Online Financial Coaching for DIY Investors because older advisors find it very difficult to learn new skills. We’ve all heard that “you can’t teach an old dog new tricks” but old dogs (SaltyAdvisors.com) can easily teach new dogs old tricks. In fact, we will teach you how to build trust with clients using no tricks at all. Just a simple, proven process that has been around since the very beginning of Financial Life Planning.

Online Financial Coaching and The Blueprint for Financial Success

Online Financial Coaching involves a powerful tool we call The Blueprint for Financial Success. Our Online Financial Coaching uses The Blueprint to help you create Smarter Strategies and Better Results to…

• Save More Money

• Pay Lower Taxes

• Build a Better Retirement

Meet the Coach

Hi, I’m Jim Munchbach, CFP® Professional. I’ve been providing financial services since 1989. I wrote Make Your Money Count to help individual investors, families, and business owners manage the risk and opportunity of everyday life, recover from the unexpected, and realize their highest purpose.

In each of my three books, I use the metaphor of a “Blueprint” to show you how to create a compelling finanical plan based on your vision, values, and purpose.

 

Make Your Money Count

Jesus said…

…that our spiritual vitality can be choked out by the “weeds” of worrying about having more possessions, the deceptive lure of getting more money, and having our hearts focused on the wrong things. In Make Your Money Count, Jim Munchbach helps us pull the weeds from our hearts and replace them with a clear, compelling purpose. When we have a strong sense of direction, we’ll be motivated to connect everything in our lives – including our finances – to what matters most.

Make Your Money Count identifies four types of people:

• Those who are buried in debt but continue to spend even though they’re consumed with anxiety about money,

• Those who live barely above water and are always “one paycheck from disaster“,

• Those who have bucks in the bank but are still worried about their finances, and

• Those whose lives are full of purpose and contentment and who connect their resources to what matters most.

With gripping and heart-warming stories, Jim helps each of the first three types of people take courageous steps to become people who are full of purpose and contentment.

 

 

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We long to make sense of our finances, but many of us don’t know where to turn for help. In this book, Jim puts the pieces together so that we clearly understand…

• the necessity of having a clear, compelling purpose in life,

• ways you can connect all of our resources to our purpose,

• how to write a strategic and simple “Blueprint for Financial Success,

• ways we can maximize our savings and investments, and

• a strategy for passing principles of good financial management to our children.

What Leaders Say

This very useful book beautifully demonstrates the “Law of the Harvest.” It is only through planning and preparing financially that you can free yourself from the worry, fear and regret that accompany a drought. By proactively choosing to leave a legacy of faith, love and financial freedom, you become more than what you are.

—Stephen R. Covey, author, The 7 Habits of Highly Effective People and The 8th Habit: From Effectiveness to Greatness

Make Your Money Count for DIY Investors

“Jim has a gift. He can write about money and life in a way that will change how you manage both. Read him and watch God change your heart!”

— John Ortberg, Pastor – Menlo Park Presbyterian Church

“Make Your Money Count is a book for every person interested in a “holistic” view of money, possessions and the abundant life. Jim Munchbach has effectively zeroed in on the critical elements of living our financial lives wisely. I fully expect this book will change the way you think about money and I highly recommend it. “

 

— Dave Briggs, Director of the Stewardship Ministry at Willow Creek Community Church

Make Your Money Count for Business Owners

“Make Your Money Count stands out from other guides on money management because it drives home an important truth: Clarifying your purpose in life is the essential element in financial planning. The book offers an excellent blueprint for success and provides easy-to-follow steps that will align your money with your best intentions and put your finances in divine order.”

—Ken Blanchard, co-author of The One Minute Manager® and Leading at a Higher Level

Make Your Money Count for Financial Coaching

“Jim’s heart and values speak clearly as he integrates biblical principles into the 21st century opportunities and problems of managing money. He weaves practical points through magnetic stories, making it a must read for anyone who wants to finally get it right financially!”

—Judy Santos , Master Certified Coach, Founder and President – Christian Coaches Network Inc.

Make Your Money Count for Christian Financial Advisors

“As trusted advisors, we recognize that motivation is the key to change. In Make Your Money Count, Jim Munchbach provides powerful motivations to connect our finances with our purpose in life. This, I know, makes all the difference in the world. I enthusiastically recommend Jim’s book”

— Ron Blue , President, Christian Financial Professionals Network CFPN

Make Your Money Count for Wealth Building

“This book shows you how to get complete control over your money and your life, develop a financial plan and achieve complete independence.”

— Brian Tracy – Author – The Way To Wealth

Make Your Money Count for Women in Business

“Jim has a way of communicating simple, practical truths so they change our lives. His compelling writing style and stories breathe life and hope into our efforts to manage money. I recommend this book to people of all ages who want to be more intentional about their finances . . . and their lives.”

—Linda Miller , Global Liaison for Coaching, The Ken Blanchard Companies

Make Your Money Count for Insurance Planning

“Jim should have titled the book Make Your Life Count because he goes beyond showing you how to manage your finances. He opens our eyes to see what is really important in life —how money and investments can help us reach our life’s goals.”

— Tom Wright, State Farm agent and author: Stop Selling And Start Marketing

Make Your Money Count for Pastors and Families

“More than any other book on the market, Make Your Money Count will help you align your money with your heart. With compelling stories and a practical “blueprint” Jim Munchbach will inspire and equip you to manage your finances with fresh vision and purpose.”

— Rick Baldwin, Sr. Pastor, Friendswood Community Church *

Connecting Your Money and Your Purpose

Most retirement planning books are written with a clear financial point of view: How do I make my money last longer than I do? Or how do you build more wealth without losing your sense of purpose?” There are few books out there that connect money and purpose. How can you make wise financial decisions that in alignment with your vision, values, and purpose? Make Your Money Count stands out from other guides on retirement planning because it focuses on What Matters Most: starting with your vision values and purpose.

Make Your Money Count

Make Your Money Count – Connecting Your Resources to What Matters Most

By: Jim R Munchbach

Narrated by: Rick Stahlmann

Length: 5 hrs and 26 mins

In Make Your Money Count, Jim Munchbach describes four types of people:

• Those who are buried in debt but continue to spend even though they’re consumed with anxiety about money

• Those who live barely above water and are always “one paycheck from disaster”

• Those who have bucks in the bank but are still worried about their finances, and

• Those whose lives are full of purpose and contentment and who connect their resources to what matters most

With gripping and heart-warming stories, Jim helps each of the first three kinds of people take courageous steps to become people who are full of purpose and contentment.We long to make sense of our finances, but many of us don’t know where to turn for help. In this book, Jim puts the pieces together so that we clearly understand…

• The necessity of having a clear, compelling purpose in life

• Ways we can connect all of our resources to our purpose

• How to write a strategic and simple “Blueprint for Financial Success”

• Ways we can maximize our savings and investments, and

• A strategy for passing principles of good financial management to our children.

Make Your Money Count in Kindle

Make Your Money Count identifies four types of people:

• Those who are buried in debt but continue to spend even though they’re consumed with anxiety about money,

• Those who live barely above water and are always “one paycheck from disaster“,

• Those who have bucks in the bank but are still worried about their finances, and

• Those whose lives are full of purpose and contentment and who connect their resources to what matters most.

With gripping and heart-warming stories, Jim helps each of the first three types of people take courageous steps to become people who are full of purpose and contentment.

Online Financial Coaching Process

The Blueprint for Financial Success is a powerful tool. We use the Blueprint to teach Financial Advisos how to build a purpose-centered alliance – based on trust. And, as your financial coach, I’ll use The Blueprint for Financial Success to earn your trust as we work together to create a compelling plan for your financial future.

Online Financial Coaching for Retirement

Online Financial Coaching includes an online self-study self-paced course designed to teach DIY Investors how to create a compelling financial plan based on your vision, values, and purpose. Our Online Financial Coaching Program features The Blueprint for Financial Success

Online Financial Coaching for Retirement – Pricing

 

 

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Online Financial Coaching for Retirement is available in three price levels. Each monthly subscription level is designed to address three different levels of financial planning needs from simple to more complex. Each subscription level provides additional services. For example, level three includes all of the services listed in levels one and two as well as the “additional services” listed in level three.

The Subscription-Based Financial Planning Fee arrangement is designed to deliver a better value for Retirement who need ongoing financial advice, planning, and coaching. Not only will we help you Make Your Money Count, we’ll teach you the principles and the process for creating a compelling financial plan for your clients as outlined in What Matters Most.

When you signup, we’ll send you a special, limited, hard cover edition of What Matters Most along with 3 copies of The Blueprint for Financial Success so that you can begin applying these principles

Three Price Levels

• Wealth Builder: Starting at $125 per Month

• Retirement Strategies: Starting at $250 per Month

• Family and Business: $500 per Month

Level One – Wealth Builder Blueprint, $500 upfront planning fee plus a $125 monthly retainer. Ideal for beginners with typically under $500,000 of investable assets.

The $500 upfront planning fee includes…

• Gathering client data,

• Building a comprehensive financial model,

• 90 minute Discovery Meeting,

• The Blueprint for Financial Success

The $125 monthly retainer includes…

• CFP® Coaching (Ongoing communication with a Certified Financial Planner professional throughout the planning process. Includes a personal conversation each quarter (either in the office or via screen-share).

• Investment Design and Oversight (a twice-yearly review of company sponsored Retirement Plan, IRA, Roth IRA, and other investment accounts. Annual review of all investment assets along with planning recommendations designed to help you achieve your financial goals).

• Blueprint Design (a BayRock Certified Financial Planner professional works with each client to build a comprehensive financial model (Blueprint) designed to help connect your financial decisions with your vision, values, and purpose. The Blueprint is used to provide clear direction throughout the planning process).

All subscription fees are paid by invoice through AdvicePay.

Level Two – Retirement Strategies Blueprint

$500 upfront planning fee, plus a $250 monthly retainer. Ideal for Retirement Planning for individuals or couples with typically over $500,000 of investable assets.

The $500 upfront planning fee includes all services listed in level one as well as the following:

– Gap Analysis covering listed areas of personal financial planning:

1. Retirement,

2. Risk Management,

3. Estate Planning,

4. Education Planning,

5. Tax Planning,

6. Investment Planning,

7. Cash Flow Analysis

The $250 monthly retainer includes all services listed in level one as well as the following:

• Retirement Income Strategies. Building your retirement income strategy starts with a good understanding of what you’d like your retirement to be like — and what your lifestyle will cost. There’s no one-size-fits-all retirement income strategy because every retirement portfolio is different. After getting to know your priorities, a BayRock Certified Financial Planner professional will help you understand the risks and opportunities of each strategy recommendation. BayRock Retirement Income Strategies are focused on four primary considerations:

1. Growth potential: While it is important that the growth of your investment portfolio outpaces inflation, BayRock works to balance the need for growth against the risk of exposing your savings to excessive market fluctuations.

2. Principal preservation: Knowing that your investments are safe can help you sleep better at night. Some investments are designed to preserve your principal (ie: money market funds, CDs or Treasury bonds). However, these safe investmentscome with a different kind of risk. Safe investments typically offer relatively low yields. If your principal is not large enough to generate sufficient income from interest and/or dividends to fund your desired retirement lifestyle, your savings may not keep pace with inflation.

3. Liquidity and Flexibility: Having control over your assets and immediate access to fund emergencies is an important consideration. However, having immediate access (liquidity and flexibility) typically limits the ability to create a steady stream of reliable income.

4. Guaranteed income: Investment returns can fluctuate significantly. Certain insurance products, including Treasury bonds, Certificates of Deposit, and fixed and variable annuities, can often provide an income stream that provides greater certainty. Annuities typically come with fees and withdrawal penalties that can restrict your flexibility when an unexpected need arises.

• Social Security Optimization. Your BayRock Certified Financial Planner professional will help identify the best strategy to optimize your monthly Social Security benefit.

  Our Social Security analysis is focused on the following three areas:

1. Life Expectancy Analysis. We’ll get to know more about your family history and current health status. With the help of your health care providers you can get a realistic idea of how long you might live. Most retirees underestimate their life expectancy. Your Life Expectancy is essential element to consider in order to optimize your Social Security monthly benefit. If your family has strong longevity, it can make sense to delay your benefits. However, if you have serious or chronic health issues, it typically makes sense to claim earlier.

2. Benefit Availability. BayRock will analyze how much your income would be each month if you drew on Social Security at an earlier age vs. a later age. We then contrast these amounts with your lifetime benefit at each age. We will ask you to provide your estimated social security benefits statement which is now available to you online. Your range of benefits should consider any spousal benefits which we will also include in our analysis as appropriate.

3. Income Gap Analysis. Our planning process will identify any income gaps in your overall financial plan. We conduct further analysis to determine how your Social Security benefits (available to you at various ages) can be optimized for the purpose of filling income gaps in your financial plan over the life of your plan.

• Blueprint Design. A BayRock Certified Financial Planner professional works with each client to build a comprehensive financial model (Blueprint) designed to help connect your financial decisions with your vision, values, and purpose. The Blueprint is used to provide clear direction throughout the planning process. During the implementation phase, “The Blueprint” is a helpful tool for tracking progress each step of the way, including your Retirement Income Strategies as well as any Social Security Optimization strategies that are part of your plan.

Blueprint Implementation. Level Two – Retirement Strategies Blueprint includes an ongoing (in-depth) analysis and review of the personal financial planning elements listed:

• Retirement,

• RiskManagement

• EstatePlanning,

• EducationPlanning,

• TaxPlanning,

• InvestmentPlanning,

• Cash Flow Analysis

All subscription fees are paid by invoice through AdvicePay.

Level Three – Family and Business Blueprint

$500 upfront planning fee, plus a $500 monthly retainer. Ideal for families and business owners with typically over $1,000,000 of investable assets.

The $500 upfront planning fee includes all services listed in level two as well as the following:

– 90 minute Discovery Meeting (client),

– 90 minute Discovery Meeting (family),

– Gap Analysis covering all areas of personal financial planning listed:

• Retirement,

• Risk Management,

• EstatePlanning,

• Education Planning,

• Tax Planning,

• Investment Planning,

• Cash Flow Analysis

– Business Gap Analysis, including initial meetings with Financial Advisory team (CPA, Estate Attorney, Insurance Agent(s), etc, as needed),

The $500 monthly retainer includes all services listed in level two as well as the following:

• Advanced Tax Strategies, including coordination of investment and tax specialists as needed. Wealthy families and business owners have unique needs and opportunities when it comes to tax planning. A BayRock Certified Financial Planner professional will work with your family and/or business to identify and implement advanced tax strategies that may not be available through your CPA or estate attorney.

• Advisor Coordination. Typically, your CPA isn’t talking to your family attorney. Your family attorney is most likely not working with your insurance agent, and your insurance agent may never have a reason to speak to your investment adviser. At BayRock, we work with your Financial Advisory team to help ensure that our clients have a “well-coordinated” financial plan.

• Family Governance Meetings. Annual family meetings are an effective way to create a framework of shared vision and purpose. Quarterly family meetings are used to facilitate joint decision-making in order to prepare the next generation to eventually take more control of the family business. Quarterly family meetings are held as needed in our BayRock offices or via screen-share.

• Blueprint Design. A BayRock Certified Financial Planner professional works with your family and/or business to build a comprehensive financial model (Blueprint) designed to help connect your financial decisions with your vision, values, and purpose. The Blueprint is used to provide clear direction throughout the planning process. During the implementation phase, “The Blueprint” is a helpful tool for tracking progress each step of the way.

• Blueprint Implementation. Level Three – Family and Business Blueprint encompasses any advanced tax strategies relative to your estate plan and/or business, adviser coordination as needed, and family governance meetings as needed. The same ongoing (in-depth) analysis and review of your personal financial planning elements which are listed in level two, are also included for The Family and Business Blueprint:

• Retirement,

• Risk Management,

• Estate Planning,

• Education Planning,

• Tax Planning,

• Investment Planning,

• Cash Flow Analysis

All subscription fees are paid by invoice through AdvicePay.

During times of market volatility, my inbox is full of emails with dramatic headlines designed to grab my attention and get me to click. Emails like this one…

“Jerome Powell and the Fed have started crashing the markets and things are about to get very, very bad.

In fact, the last time they did something like this the market crashed by 20% in a matter of a few short months!

But believe it or not – this is when investors can make the most amount of money.

In fact, this is one of those few, fleeting moments where even someone with just a few thousand or even a few hundred bucks can flip their meager holdings into a small FORTUNE.

You just have to know where to look.”

Stop Reading Now

My best advice to clients, investors, and anyone who cares about their financial future is simple. Stop reading now.

Do yourself a favor and get educated about What Matters Most. Take our 5 minute risk survey and get your risk number.

• How much risk do you want?

• How much risk do you have?

• How much risk do you need?

Visit KnowRiskInvesting.com to learn more.

When Sam and Sandy got the bad news from Sam’s doctor… He has cancer, and, even with the newest and most aggressive treatments, the survival rate is less than 5%. Sam knows it’s very likely that he will not survive for long. His thoughts have turned to Sandy and his family.

Throughout their 35 years of their marriage, Sam has managed the finances. He’s’ managed everything from their investment portfolio to their real estate business and their monthly bills. Sandy has had little or no interest in managing the investments and since Sam loved to fix whatever needed to be fixed in the rental properties, Sandy was happy to leave it all to Sam. Sandy is somewhat frugal, she is by no means a spendthrift. Sam’s income has always covered the bills, everything the family needed, and anything Sandy wanted. Sam always believed it was his primary purpose in life to provide for his family and that included carefully managing everything in their financial life. Soon that would end, and Sandy will be on her own.

Preparing for Next Steps

Unfortunately, this situation is all too familiar to me, to my family, and in my business. Several times each year, either a family member, a client, or someone close to one of my clients, passes away. Frequently individuals who have been recently widowed reach out to me for help in getting their financial affairs in order so they can confidently face what lies ahead.

My team worked closely with Sam and Sandy to gradually transfer control of the finances to Sandy while Sam was still able to help. For the first time in her life, Sandy realized that she would be 100 % responsible the finances. She worked diligently to understand the nuances of their financial plan – from investments, to account management, to tax planning, even understanding their estate plan.

A couple years before his illnesss, Sam told me that he had only one thing on his bucket list: I want to make sure my financial plan is up to date and well-coordintated so that my family is in good shape if I were to die tomorrow.

Within an unbelievably short time, Sam fell ill and began to undergoe chemotherapy and several experimental surgeries. Sandy knew that she would need to completely takeover the family finances. Paying the monthly bills and understanding all of their sources of income was the first step. Sandy knew that once Sam was gone, she would become responsible for all of the investment decisions and she would need to interact with each of the Financial Advisors Sam had hired over the years including his stock broker, family attorney, CPA, and his insurance agents.

Crafting a Well-Coordinated Plan

My primary job as their Certified Financial Planner professional was to help coordinate the Financial Advisors involved in each area of Sam and Sandy’s financial life. My goal in the Smith Family Financial Plan was to do everything I could do to help Sandy experience more clarity, confidence, and contentment in terms of her financial future. The last thing I wanted Sandy to worry about was money or any of the challenges related to managing money.

Sam’s Vision, Values, and Purpose

Today, Sandy is confidently in charge of her financial future. She was able to focus only on grieving Sam’s loss and continuing her life without him, as opposed to feeling confused, anxious and uncertain about her financial future. Sam’s vision, values, and purpose continue to impact his family and Sandy. She never had to turn to well-meaning but uninformed family members for advice – or worse – a friendly financial sales professional who might take advantage of her lack of financial savvy. Helping Sam achieve the one item on his bucket list was one of my most meaningful experiences as a CFP® Professional.

What Matters Most to You?

During our recent annual meeting, I asked Sandy to think about what will happen the day after she dies. While this homework assignment may seem way too morbid for the normal American, its really one of the most essential elements of life planning, including wealth management.

Sam will be missed but his mark was left on many people who were touched by his love, his courage, and his immense generosity. I’m one of those people. Knowing Sam left me touched, moved, and inspired to be more like him. Sam’s legacy and most of all his enduring faith (even when he learned he was dying) was a beautiful testament to his faith in God.

Proverbs 15:22 Without counsel plans fail, but with many advisers they succeed.

Proverbs 21:5 The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.

Proverbs 16:3 Commit your work to the Lord, and your plans will be established.

Proverbs 19:21 Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand.

Sandy, Sally, and Special Needs

One of the more urgent issues in the Smith Family Financial Plan is to make sure that Sally is provided for in the event of Sandy’s passing. Sam and Sandy had spent a good deal of time (and money) designing their estate plan around the providing for the special needs of their daughter, Sally. As we move forward in the Smith Family Case Study, we’ll be focusing on the estate planning process while highlighting the process of setting up an effective special needs trust for Sally.

Click Here to Download [Special Needs Trust Checklist]

What Issues Should I Consider For My Child With Special Needs? Families who have children with special needs must deal with a unique set of planning issues. In addition to health, educational, and care planning issues, special needs present complex financial issues for families to address.

These planning conversations are as important as they are difficult, and they require a Financial Advisor with the ability to have direct but delicate conversations. This checklist can be especially helpful for your advisory team members who are not experts with respect to individuals who have special needs.

To help guide your conversations with your Financial Advisory Team about special needs planning issues, we have created this checklist. It covers key considerations, including:

• Qualification for needs-based public benefits

• ABLE accounts and special needs trusts

• Tax planning opportunities

• Estate planning challenges

• Lifelong support considerations

Estate Planning Document Review

Estate planning is a critical aspect of the financial planning process. Reviewing your estate planning documents is an important exercise, both at the outset and throughout the planning process. However, this can be a daunting task for you, your family, and your advisors, who may find the exercise tedious and, perhaps, confusing.

To help guide your document review, we have created this Estate Planning Document Review checklist. It covers key considerations regarding the most common estate planning documents, including:

• Wills

• Living Trusts

• Irrevocable Trusts

• Powers of Attorney

• Living Wills

To pair with this resource, or to guide a more general discussion with your family and Financial Advisor, please see our What Issues Should I Consider Before I Update My Estate Plan? checklist.

Visit Missional Money Planning Resource Library (Updated for 2021)

To help guide your conversations with your Financial Advisory Team about a wide range of financial planning issues, we have created a robust resource library of flowcharts, checklists, and other downloadable resources.

The Resource Library is just one of the ways we help you and your Advisory Team create a compelling plan for your future. Click Here to visit The Resource Library

The Resource Library

To help guide your conversations with your Financial Advisory Team about a wide range of financial planning issues, we have created a robust resource library of flowcharts, checklists, and other downloadable resources.

The Resource Library just one of the ways we help you and your Advisory Team create a compelling plan for your future.

Legal Disclaimer: The Smith Family Case Study illustrates the hypothetical experience of a fictitious client based on a real-life scenario. All of our Case Studies are designed to generally illustrate the financial planning process and the steps each investor will need to consider in any specific situation. Always keep in mind that no two people, their financial situations, or their experience levels are exactly alike. These Case Studies are not to be construed as an endorsement of BayRock Financial by any of our past or current clients, nor any assurance that BayRock may be able to help any client achieve Smarter Strategies and Better Results. While that is always our goal and we are confident that our planning process leads to Smarter Strategies and Better Results, none of the educational content provided in our financial planning course at MissionalMoney.com should be construed by a client or prospective client of BayRock as any kind of guarantee that he/she will experience a certain level of results or satisfaction if BayRock is engaged, or continues to be engaged, to provide financial planning and investment advisory services.

Your family business has many options when establishing retirement plans. Several key factors, specific to each family’s unique business situation, must be considered in order to select the appropriate plan or combination of plans.

To help differentiate between the most commonly adopted retirement plans, we have created this chart. You can use this guide when comparing plan options and discussing your family’s goals regarding:

• Maximizing retirement savings

• Incentivizing employees

• Managing costs and administrative complexity

• Optimizing income tax planning

Family Business Planning Checklist: Pension Plans

To help differentiate between the most commonly adopted pension plans, we have created this chart. You can use this guide when comparing plan options and discussing your goals regarding:

• Maximizing retirement savings

• Incentivizing employees

• Managing costs and administrative complexity

• Optimizing income tax planning

Summary Checklists For Small Business Owners

• Common Retirement Plans For Small Business Owners

• Common Pension Plans For Small Business Owners

Clarity Clears The Path For Decision Making

Small-business-owner families need direction when it comes to establishing retirement and pension plans. After all, time is of the essence when saving for retirement.

The planning process can be overwhelming because options are myriad, and the most appropriate choice may not be obvious. That’s when it’s helpful to use these succinct summary guides and checklists to help map the distinctions among the options to identify the best fit for your family’s situation.

Both guides are valuable reference tools that help us craft and lead goal-based conversations with your family members to address:

• Maximizing retirement savings

• Incentivizing employees

• Managing costs and administrative complexity

• Optimizing income tax planning

Consider using these summary guides during conversations with your advisory team to help formulate a good strategy for the coming years.

Next Steps

This is a new way for BayRock and MissionalMoney.com to present educational information, so now more than ever we want your feedback! Go ahead and take a look at these summary guides, consider how you and your family’s advisory team will use them, and shoot a quick email to Jim@BayRockFinancial.com.

Not enrolled in our Online Financial Training, but you want to be? We can help you with that, too! You can go straight to MissionalMoney.com, register and enroll today. Sometimes a live demonstration is more helpful than reading the screen. So schedule your live demonstration and get all of your questions answered in real-time.

What Leaders Say

This very useful book beautifully demonstrates the “Law of the Harvest.” It is only through planning and preparing financially that you can free yourself from the worry, fear and regret that accompany a drought. By proactively choosing to leave a legacy of faith, love and financial freedom, you become more than what you are.

 

—Stephen R. Covey, author, The 7 Habits of Highly Effective People and The 8th Habit: From Effectiveness to Greatness

Make Your Money Count for Church Groups

“Jim has a gift. He can write about money and life in a way that will change how you manage both. Read him and watch God change your heart!”

— John Ortberg, Pastor – Menlo Park Presbyterian Church

“Make Your Money Count is a book for every person interested in a “holistic” view of money, possessions and the abundant life. Jim Munchbach has effectively zeroed in on the critical elements of living our financial lives wisely. I fully expect this book will change the way you think about money and I highly recommend it. “

 

— Dave Briggs, Director of the Stewardship Ministry at Willow Creek Community Church

Make Your Money Count for Business Leaders

“Make Your Money Count stands out from other guides on money management because it drives home an important truth: Clarifying your purpose in life is the essential element in financial planning. The book offers an excellent blueprint for success and provides easy-to-follow steps that will align your money with your best intentions and put your finances in divine order.”

—Ken Blanchard, co-author of The One Minute Manager® and Leading at a Higher Level

Make Your Money Count for Financial Coaching

“Jim’s heart and values speak clearly as he integrates biblical principles into the 21st century opportunities and problems of managing money. He weaves practical points through magnetic stories, making it a must read for anyone who wants to finally get it right financially!”

—Judy Santos , Master Certified Coach, Founder and President – Christian Coaches Network Inc.

Make Your Money Count for Christian Financial Advisors

“As trusted advisors, we recognize that motivation is the key to change. In Make Your Money Count, Jim Munchbach provides powerful motivations to connect our finances with our purpose in life. This, I know, makes all the difference in the world. I enthusiastically recommend Jim’s book”

— Ron Blue , President, Christian Financial Professionals Network CFPN

Make Your Money Count for Wealth Building

“This book shows you how to get complete control over your money and your life, develop a financial plan and achieve complete independence.”

— Brian Tracy – Author – The Way To Wealth

Make Your Money Count for Women in Business

“Jim has a way of communicating simple, practical truths so they change our lives. His compelling writing style and stories breathe life and hope into our efforts to manage money. I recommend this book to people of all ages who want to be more intentional about their finances . . . and their lives.”

—Linda Miller , Global Liaison for Coaching, The Ken Blanchard Companies

Make Your Money Count for Insurance Professionals

“Jim should have titled the book Make Your Life Count because he goes beyond showing you how to manage your finances. He opens our eyes to see what is really important in life —how money and investments can help us reach our life’s goals.”

— Tom Wright, State Farm agent and author: Stop Selling And Start Marketing

Make Your Money Count for Pastors and Families

“More than any other book on the market, Make Your Money Count will help you align your money with your heart. With compelling stories and a practical “blueprint” Jim Munchbach will inspire and equip you to manage your finances with fresh vision and purpose.”

— Rick Baldwin, Sr. Pastor, Friendswood Community Church *

Connecting Your Money and Your Purpose

Most retirement planning books are written with a clear financial point of view: How do I make my money last longer than I do? Or how do you build more wealth without losing your sense of purpose?” There are few books out there that connect money and purpose. How can you make wise financial decisions that in alignment with your vision, values, and purpose? Make Your Money Count stands out from other guides on retirement planning because it focuses on What Matters Most: starting with your vision values and purpose.

Native support for QR code scanning via the Camera app means it’s easier than ever to use these types of codes in your daily life. Previously, you needed to download a third-party app to do so. That’s not the case anymore!

• How to scan a QR code on iPhone and iPad

• How to set up and use QR code scanning from Control Center

• How to disable QR code scanning on iPhone and iPad

• A little more about using a QR code

How to scan a QR code on iPhone and iPad

To scan a QR code on iPhone and iPad, it’s quite literally a matter of opening your camera and pointing.

1. Launch the Camera app on your device

2. Point it at the QR code you want to scan.

3. Look for the notification banner at the top of the screen — this is the data stored in the QR code.

4. If your QR code contains actionable data (contact info, a phone number, etc.) tap on the notification banner to trigger the action.

   

Missional Money Podcast QR Code

How to set up and use QR code scanning from Control Center

If you scan a lot of QR codes, you might benefit from putting a link to the tool in Control Center. To add the built-in QR Code Reader:

1. Tap on the Settings app on your mobile device.

2. Choose Control Center.

3. Tap Customize Controls.

   

4. Under More Controls, tap the green + next to QR Code Reader.

5. Move QR Code Reader to whatever location you’d like in Control Center using the hamburger icon to the right of it.

   

To use the QR Code Reader from Control Center:

1. Tap the QR Code Reader icon in Control Center.

2. Hold the camera near a QR Code to scan.

3. If your QR code contains actionable data (contact info, a phone number, etc.) tap on the notification banner to trigger the action.

   

How to disable QR code scanning on iPhone and iPad

1. Launch the Settings app on your iPhone or iPad.

2. Scroll down and tap Camera.

3. Tap the toggle next to Scan QR Codes to turn off QR code scanning.

   

A little more about QR codes

QR codes might seem outdated, especially when compared to NFC tag scanning. After all, QR codes are nothing more than two-dimensional designs without any fancy circuitry or electromagnetic communication. But that’s what makes QR codes so great. Anyone can create QR codes and store them physically or electronically. QR codes can also be scanned from a distance or up close. NFC tags have to be purchased, data has to be written to them (Apple doesn’t support writing to an NFC tag), and you have to be within the near-field range in order to get information from them. Where NFC tags feel sort of closed off and inaccessible, QR codes are open and easy to make.

To give you an idea of how you might use our QR code to share Missional Money with friends and associates, here’s a list of different QR code data types and how iOS lets you interact with that data.

• Website URL: Scanning the Missional Money QR code will give you a prompt to open the website.

• App Store Link: Scanning this QR code will give you a prompt to open the app in the App Store.

• Plain Text: Scanning this QR code will give you a prompt to search the web using your default search provider in Safari.

• SMS Message: Scanning this QR code will give you a prompt to compose the specified message to the specified number.

• Email Address: Scanning this QR code will give you a prompt to compose an email to the specified email address.

• Email Message: Scanning this QR code will give you a prompt to compose the specified message to the specified email address.

• Contact Info: Scanning this QR code will give you a prompt to add the specified contact details to your contacts.

• Calendar Event: Scanning this QR code will give you a prompt to add the specified event to your calendar.

• Wi-Fi Credentials: Scanning this QR code will give you a prompt to connect to the specified Wi-Fi router with the specified login credentials.

In addition to the logistical challenges and the stress of relocation, this life transition can present a variety of financial issues that significantly impact an investor’s retirement plan. It’s important to identify and weigh options and strategies – before and after the move – in order to ensure that your financial success is protected.

To help guide you through an interstate move, we’ve created this Planning Checklist for Movers. Many of the issues addressed in this Financial Planning Checklist for Movers will be relevant months and even years after your transition. The Moving Checklist covers key issues to consider during this important life event, including:

• Cash flow issues

• Establishing domicile

• Tax considerations

• Health care matters

Click Here to Grab the Financial Planning Checklist for Movers in our Resource Library!

Financial Planning Checklists and BayRock Proposals

One way BayRock Advisors use Financial Planning Checklists is to leverage them with other tools in our tech stack. We’ve written about how BayRock Advisors are using Financial Planning Checklists with financial planning software. But in this post, we wanted to dig into some success we have had with BayRock Advisors that specifically use Financial Planning Checklists and the BayRock Client Portal.

Here is how BayRock Advisors are using these two resources together.

Two approaches to leveraging Financial Planning Checklists in your Blueprint:

Approach one: Start with a Financial Planning Checklist

Generally, BayRock Advisors start a conversation with new clients via Zoom or by phone and email. Often, we include a Financial Planning Checklist or Flowchart – to introduce a planning concept and to help the investor understand if the situation may apply to them. If the BayRock Advisor identifies a possible tax-planning issue, the BayRock Advisor asks for the tax return and uploads it to the BayRock Client Portal where investor-specific recommendations can be developed and added to the Blueprint.

As an example, BayRock Advisor writes an email, newsletter, or blog post to share with investors that discusses the high-level concept and benefits of doing a Qualified Charitable Distribution. It could outline the benefits, such as reducing tax liability, supporting a charity, and assisting with estate planning.

The Article or Post could end with a call to action such as:

“See the Qualified Charitable Distribution flowchart to consider whether this strategy is right for you. If so, please send us your tax return for further analysis and to receive a specific recommendation.”

Here are some benefits when we use this approach:

• The BayRock Advisor can craft the introduction to tee up the planning concept, focus on the strategy’s high-level benefits, and not waste time trying to tease out the details and the process. The details can be left to the flowchart. The BayRock Advisor can also inject their professional view and philosophy on the planning opportunity.

• The investor can self-select and pre-screen themselves without having to contact the BayRock Advisor. Perhaps they are interested in doing a QCD and are about to call the BayRock Advisor. But instead review the flowchart to realize they are unable to pursue the strategy.

After the investor reads the letter, reviews the flowchart and sends over the tax return, the BayRock Advisor can develop a recommendation for the investor using the BayRock Client Portal. BayRock Advisors employ this approach regularly. It allows us to quickly and efficiently reach out to all of our investors without having qualifying conversations with each person.

Approach two: Lead with the BayRock Client Portal

BayRock obtains the tax return via the BayRock Client Portal for our review and analysis. With your permission, your CPA will have easy access to your portal so that a joint review can take place. If a tax planning issue is identified, the BayRock Advisor will select relevant Financial Planning Checklists resources to share with the investor and their CPA to explain or support the investor-specific recommendation.

Here’s how BayRock Advisor implements this approach:

• We use the BayRock Client Portal to securely obtain and analyze tax returns for each investor.

• When the findings suggest the investor should consider a Roth conversion to help reduce the overall tax burden, the BayRock Advisor prepares the package.

• The BayRock Advisor summarizes the specific recommendation and the financial benefits of doing the conversion, and the Financial Planning Checklists flowchart that addresses Roth conversion considerations is included to support the recommendation.

• Depending on the investor situation, the BayRock Advisor may share a different resource, such as such as “Will I Avoid IRMAA Surcharges On Medicare Part B and Part D?” , with the investor and their CPA as needed.

• The BayRock Advisor then shares the report package with the investor and uses it to guide the investor through the entire conversation. Again, depending on the situation, the proposal can always be shared with the accountant to get their blessing on doing a Roth conversion.

Conclusion

While these two approaches feature two specific planning strategies, there are many other planning issues where you can use Financial Planning Checklists in conjunction with the BayRock Client Portal to help guide investor conversations. Consider how your Advisory Team can use these two powerful tools when you need or want to address 529 plan distributions, IRA and Roth IRA contributions, HSA contributions, NIIT impact, and other planning opportunities.

BayRock is dedicated to helping individual investors, families, and business owners manage the risk and opportunity of everyday life, recover from the unexpected, and realize their highest purpose.

For More Articles

• Missional Money Financial Training for Families

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• Family Wealth Builder of Houston

• Family Office Blueprint – Trust Training for Financial Advisors

• CFP® Game Plan Family Office Training for CFP® Professionals

• CPA Game Plan Family Office Advisor Training

• Munchbach Family Office Family Financial Education