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.

Best Regards,
The Barry Team
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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.

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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.

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

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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!