Barry E-Mag February 2020

On January 1st, 2020, the SECURE Act became law. And in the eyes of many, this was the largest reform to retirement planning since 2006.

In this month’s Barry Broadcast, we explain the details of the act and share important changes that may impact you, including...

RMDs now start at age 72 (rather than 70 ½) for those born after July 1st, 1949.
Individuals with earned income may now contribute to a traditional IRA beyond age 70 ½.
New parents can now withdraw up to $10,000 ($5,000 per parent) toward the birth or adoption of a child without paying the 10% “early-withdrawal” penalty.

As always, please reach out to your team at Barry with any questions covering the SECURE Act.

Listen to the Podcast

Best Regards,
The Barry Team

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Chart of the Month

This chart from the Economist shows worldwide mobile operating system (OS) market share. Market share for iOS (created by Apple) and Android (created by Google) are the two key data points.

As you can see, Android went on a prolific march during the last decade, growing their market share from just 5% in 2010 to nearly 80% in 2019. What’s next in the “OS war” between Google and Apple? We aren’t sure yet, but will be following it closely - as it’s very likely to impact their respective stock valuations.

Employee Favorites

Joe's Favorite Digital Greeting Card

Jib Jab allows you to make hilarious short videos that feature your friends and family. All you need is photos of your friends, and Jib Jab takes care of the rest. Looking for a fun and different Valentine’s Day card? This might just be the ticket.

Click the button below to see the Jib Jab that Joe Barry made, which includes the five most tenured members of the Barry team, or click here to make your own.

See The Jib Jab That Joe Made

Investing Wisdom

“Too many people spend money they earned... to buy things they don’t want… to impress people that they don’t like”.

Will Rogers

The Lighter Side Of Investing

Barry Team Happenings

The Barry team was busy team building and helping in the community this month!

Liz Garvey and Beth Parker attended another Network for Teaching Entrepreneurship (NFTE) event at New Bedford High School where they mentored students embarking on their entrepreneurial journey. Additionally, while there, they participated in a Q&A session with the students in the Financial Planning class, answering questions that they had regarding the various areas of Financial Planning.
The Barry team took part in an offsite team strategy meeting, which was held at Groundwork in New Bedford (an excellent, local meeting place if you are ever looking for one!). The day was filled with enthusiasm, idea sharing and collaboration. After the meeting, the team took their team-building skills to the next level and successfully completed two escape rooms at Mass Escape/New Bedford. Finally, the day ended with a great dinner out at Cork Wine Bar. A long, but successful and enjoyable day for all!

Barry Investment Advisors
128 Union Street Suite 507
New Bedford MA 02740
(888) 992-8601 | (508) 992-4700

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Barry Investment Advisors (“BIA”) is an SEC registered investment adviser with its principal place of business in the Commonwealth of Massachusetts. BIA and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which BIA maintains clients. BIA may only transact business in those states is which it is registered/notice filed or qualifies for an exemption or exclusion from registration/notice filing requirements. Any subsequent, direct communication by BIA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of BIA, please contact BIA or refer to the Investment Advisor Public Disclosure web site (www.adviserinfo.sec.gov).

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