for Serious Students of Personal Finance
Money Study Group Online for Students of Personal Finance
Money Study Group
$49.95 Open Enrollment
Personal Finance Online
Students get access to our Financial Planning Portal sponsored by BayRock Financial. For 90 Days — for the duration of the Online course in Personal Finance, you’ll have access to one of the best financial planning platforms available on Wall Street with no additional cost — the premium planning portal is provided by BayRock Financial and its being made available as part of your enrollment in Money Study Group.
Login to Planning Portal
Financial Planning
BayRock Planning Portal
At BayRock, we believe every family deserves a quality financial plan – and every plan starts with a Blueprint.
After the first meeting, we encourage every client to take advantage of our favorite technology tool. The BayRock Planning Portal is powered by Right Capital.
Its what we use to deliver Smarter Strategies and Better Results for IRA and 401k Investors.
Make Your Money Count
Make Your Money Count
featuring…
The Blueprint for Financial Success™
Featuring Make Your Money Count by Jim Munchbach, CFP®
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.
"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!"
"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."
What Matters Most
Make Your Money Count, connecting your resources to What Matters Most (your vision, values, and purpose). Start here…
Powered by Purpose
The Process
At BayRock, we believe every family deserves a quality financial plan and every plan starts with a Blueprint.
The Blueprint for Financial Success™
Retirement Tax Planning Strategies
for IRA and 401k Investors
WealthCare Webinar Series for Students of Personal Finance
With Covid-19, we’ve had a significant increase in the number of families who wanted to hire a Certified Financial Planner™ Professional.
Before the Coronavirus hit, there were already a lot of reasons to “do a little planning” in 2020. The SECURE Act is just one of those reasons to meet with your Financial Advisor in 2020.
BayRock had planned to provide ongoing “Live Workshops” from our offices here at the University of Houston Technology Bridge. Those plans had to be put on the shelf and we got to work creating a “Tele-Tax-Planning” webinar to address the most urgent issues for IRA and 401k Investors. Here’s what we had in mind as we created the WealthCare Webinar along with our educational resources.
How to Pay Lower Taxes, Save More Money, and Build a Better Retirement after Coronavirus.
10 Essential Financial Planning Resources for 2020
- Download The Key Financial Numbers Checklist for Financial Planning in 2020
- Investing During A Recession Or Market Correction — Critical Checklist for All Investors
- Emergency Relief Planning Options in Coronavirus Pandemic (Checklist for Business Owners)
- Emergency Relief Planning Options in Coronavirus Pandemic (Checklist for Families)
- Life Events Planning Priorities and Checklists
- The SECURE Act Planning Priorities, Checklists, and Flowcharts
- Adding Money to a Qualified Plan — Flowcharts for Financial Planning in 2020
- Removing Money from a Qualified Plan — Flowcharts for Financial Planning in 2020
- Roth IRA Retirement Tax Planning Strategies — Checklist and Flowcharts for 2020
- Social Security Retirement Tax Planning Strategies — Checklist and Flowcharts for 2020
Retirement Tax Planning Strategies to Make Your Money Count after Covid-19
This is our WealthCare Webinar Resource Page and we will continue to update this page as new Covid-19/Coronavurus Tax Planning Resources become available.
Register for our FREE Weekly WealthCare Webinar.
Join Money Study Group Online for Students of Personal Finance
WealthCare Webinar and Money Study Group resources will be updated on this page!
BayRock Offers Free Resources
Please Share with your family, friends, and associates.
- When you register for the WealthCare Webinar, you’ll receive updates via email.
- You can unsubscribe anytime, but we encourage you to stay subscribed to be sure to receive important updates related to The SECURE Act and The CARES Act and other Retirement Tax Planning Strategies.
WealthCare Webinar Offers Retirement Tax Planning Resources
The SECURE Act
The SECURE Act and Your IRA
You may have unique circumstances that result in a possible impact on the taxes (and penalties) that must be paid if a distribution is taken from your Traditional IRA. The exceptions to the usual distribution rules can be hard to remember especially since many exceptions rarely come up.
To help make this easier, we have created the “Will A Distribution From My Traditional IRA Be Penalty Free?” This flowchart helps to quickly identify unique situations that could have an impact on how a distribution is taxed (and penalized):
- Implications for IRAs with nondeductible IRA contributions
- Conditions that trigger the 10% early distribution penalty.
- Situations that avoid the 10% early distribution penalty
Updated for 2020 (including The SECURE ACT)
The CARES Act
CARES Act
Planning Checklist
This checklist covers the new emergency relief options for individuals to consider. It is very specific to what is occurring now and highly valuable to share with your friends and family right away to help them navigate their options.
This new checklist includes emergency relief options outlined in:
- The CARES Act
- Families First Coronavirus Response Act
- Executive orders
- IRS changes
- And other relief options specific to COVID-19 as they pertain to individuals
We will update this checklist periodically as new emergency relief options are introduced.
IRA/401k Investors
IRA/401k
Planning Checklist
This checklist covers 32 of the most important planning issues to identify and consider for anyone who is about to retire.
It’s structured as follows:
- Cash Flow Issues
- Health Insurance Issues
- Long Term Care
- Investment Strategies
- Life Insurance Planning
- IRA and 401k Issues
- Business Owner Succession
- Asset & Debt Issues
- Tax Planning Issues
- Long-Term Planning Issues
- Other Planning Issues
Updated for 2020
Key Financial Numbers for 2020
Key Financial Numbers for 2020
There are lots of important numbers you may need to keep in mind. In some cases, those numbers are annual limits and change each year. Other times, the figures do not change, like the tables to calculate an RMD, but are used frequently. As a result, it can become easy to forget which figures should be referenced.
In response to this challenge, we’ve created the two-page “Important Numbers” guide. This quick reference guide covers the most important annual limits as well as figures that are commonly referred to during the year. It includes:
- Tax rates for MFJ, Single and Estates
- AMT annual limits
- LTCG rates for MFJ, Single and Estates/Trusts
- Standard deductions for MFJ and Single
- Social Security annual limits (including earning limits)
- Full Retirement Age chart
- Social Security taxation summary for MFJ and Single
- IRMAA Surcharges
- Retirement Plan Annual Limits
- Traditional and Roth IRA Annual Limits
- Education Tax credits
- Uniform Lifetime Table (abbreviated version)
- Single Lifetime Table (abbreviated version)
- Estate and gift tax annual limits
- HSA annual limits
Updated for 2020
