Services by BayRock
What to expect when working with a
Financial planning services at BayRock range from developing your financial plan to investing your money to tax planning, estate planning, retirement planning, and much more. It all starts with a conversation. Contact us Anytime . At we’re here when you’re ready to start your Financial Planning journey and take a step closer to financial independence.
Financial Planning Services
BayRock Mission Statement
Whatever your financial situation, BayRock is dedicated to helping you manage the risk and opportunity of everyday life, recover from the unexpected, and realize your highest purpose.
Financial planning services includes independent advice on your investments, such as retirement accounts, estate, taxes, and children’s education plans. Below is basic overview of the financial planning services that may be included when working with BayRock. For a more descriptive and detailed outline of our “SMARTER” financial planning services and our unique process, please visit
Financial planning is a term that means different things for different people. Planning for a business, family, or an individual’s finances includes analysis of cash flows, liabilities, current income, future income, investment, taxes, financial risks and other financial obligations and so much more.
Financial Independence or
Financial planning services at BayRock starts with answers to your big questions about retirement income planning:
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When can I retire?
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How much income should I withdraw?
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How do I make my income last my entire life?
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How do I pay less tax in retirement?
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Will my family be ok if something happens to me
or Insurance Planning
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. We use RiskAlyze to start the process of managing risk in your investment portfolio.
Our financial planning services often start with a risk review but the risk management process also includes a thorough review of your insurance program from Property and Casualty (Home, Auto, Business, etc.) to your Life, Disability, and Long-Term Care Insurance. Health insurance is one of the biggest expenses you’ll have in retirement so our Financial Planning Services all include a review of your health insurance coverages now and in the future.
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How Much Risk do You Have?
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How Much Risk do You Want?
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How Much Risk do You Need in order to meet your financial goals?
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Financial Planning Services and The Blueprint for Financial Success™
Financial Planning Services include several key components. It is important to understand their importance. This section will give you a firm grasp of the issues involved in developing your Financial Blueprint:
—Financial freedom (or ): 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 and their families. And some people fear the prospect of retirement because they have heard reports of the impending collapse of Social Security and the rising costs of long-term care and Medicare.
Whether people actually quit work, continue working, or change vocations to become full-time volunteers, they need a clear plan to achieve financial freedom and accomplish their dreams.
—: We deal with many risks in our lives. These risks range from minor car accidents to catastrophic injury or death.
Our 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.
—: 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 is not used for college costs. Saving money, borrowing money, and financial aid are some obvious ways to pay for college.
Your overall financial strategy should include solutions that insure your children will be able to attend college to achieve their dreams.
—: 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 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, however, the process can be complex and expensive, involving 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.
—: 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.
—: Almost limitless investment choices are available to every investor. Your strategy is 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 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 (or budgeting) is a process to measure, plan, and prioritize spending and saving. Your commitment to financial success requires a clear strategy for managing cash. An analysis of cash flow is the starting point in any financial strategy; it is not optional.
We will analyze your current financial position honestly and realistically, clarify your goals, and develop a clear financial strategy. On an annual basis, we will measure your progress. What matters most in your entire financial strategy is your commitment to success for yourself and the people you love.
Independent Fiduciary Advice powered by purpose, not commissions.
Money is tangible, but it’s also emotional in nature. Financial planning involves a few challenges, from maximizing your retirement income to choosing the best investment strategy for your goals — it’s a lot to think about.
Having a Certified Financial Planner™ Professional by your side can help you make smarter decisions. At BayRock, our goal is to create more clarity, confidence, and contentment in your finanacial life so that you feel good about your future.
We don’t work on commissions
BayRock advisors are CFP® Professionals. You pay a fee for Independent “Fiduciary” Advice and we don’t get paid sales commissions. No hidden fees. No surprises.
BayRock has no financial incentives to recommend certain products. We partner with you and your advisory team to create a compelling plan that’s personalized for you and driven by your vision, values, and purpose. Your plan is based on your financial goals and your risk number not by market noise. And we use the low-cost ETF’s, a few mutual funds, Structured Notes and effective investment strategies to help you Make Your Money Count.
More about Budgeting or Cash Flow Planning
When you hire BayRock, you’ll get a holistic plan with detailed projections for where your money is coming from and where your money is going. The BayRock The Blueprint for Financial Success™ gives you clarity for prioritizing your needs, wants, and wishes and offers an easy way to compare your real cash flow with your forecast while removing the element of uncertainty and guesswork.
How Much Can You Withdraw in Retirement?
Gain clarity on how much you could withdraw from your portfolio to meet your income needs. The Retirement Income Blueprint helps you plan for your income needs and legacy goals.
Independent Advice
With BayRock, you get independent “” advice along with a holistic financial plan designed to help you protect What Matters Most. After asking you a few key questions to be sure we understand What Matters Most – to you, we’ll be here to answer your “What if?” and “What now?” questions. BayRock will work with you to create a compelling financial plan for your future, starting with a thoughtful Gap Analysis to identify any gaps in your current plan.
