Retirees
Congratulations! You are now free to spend the money that you have spent your entire life saving. Anxious? You are not alone. We will help you to confidently and comfortably decumulate and will help eliminate the uncertainties that accompany your transition to retirement.
It all begins with a comprehensive financial plan. We'll explore your income and spending, both in the first few years of retirement and then with a long-term lens. We will use sophisticated software to help us determine safe withdrawal strategies, starting with your basic retirement needs and anticipating the effects of rising retiree healthcare costs, Social Security and Minimum Required Distributions.
Next, we layer on extraordinary spending and help set parameters for spending on travel, gifting to family or charitable giving so you can enjoy your retirement without jeopardizing your independence. Your plan is updated annually to keep it fresh and relevant and to detect any areas of concern before they become problematic.
Finally, we address needs that may arise if you are unable to communicate your wishes to those around you. We work with your tax preparer, attorneys and other professionals to ensure that your objectives are met and your legacy is passed on timely and intentionally.
Women
Why women? It’s a natural fit for us at Barry as our staff is predominantly women. We understand how women think and can help you whether you are single or part of a couple (we can help you embrace and enhance your complementary attributes!). We tailor your experience to match your comfort and interest level, whether you are a seasoned investor that loves to get technical, a newcomer to investing eager to learn more, or a hands-off investor. Whatever your experience level, we will keep you engaged, informed and empowered.
We find that women especially appreciate the in-depth financial planning we do for our clients. We can help you plan for, and navigate through, many challenges that are common to women including:
- Getting a new job
We provide income planning, stock options and awards analysis and help you maximize your benefits. - Getting married
We can guide you to combine your financial lives without losing your autonomy. - Having children
We can work with you to determine how much you can comfortably save towards their education. - Transitioning beyond marriage to widowhood or divorce
Many couples divide financial responsibilities, so becoming solely responsible can be overwhelming. We can help you simplify and organize your finances and get you confidently back in control.
Business Owners
As the founders and owners of Barry Investment Advisors, Joe and Pat Barry appreciate the challenges of owning your own business. Your business is your life’s work and passion; the source of wealth and security for generations to come.
Business owners have wide-ranging planning needs to ensure personal and business success. We will create a comprehensive plan that balances your business and personal financial needs, bringing harmony to both sides of your life. We regularly serve as the lead in your network of professionals, coordinating with your attorneys and insurance agents. Additionally, we work closely with your CPA to create an income plan with you and take advantage of any tax-advantaged savings that are available.
Business owners have unique risk management needs. Barry Investment Advisors does not sell any insurance products; we are truly objective when we review and recommend policies, acting solely in the best interest of you and your family, your business and employees. We will act as an intermediary between you and the various insurance agents needed to fully cover your life, disability, liability, business or any other insurance needs.
Retirement planning often is thought of in terms of providing for your employees as a plan sponsor. We can help you understand your fiduciary duties, but our main objective is to help you transition to retirement, whether it is gradually or all at once. We will create a comprehensive plan that seamlessly replaces your income and lets you enjoy retirement without worrying about overspending your assets.
Sophisticated estate planning may be required for business owners. We work closely with your attorneys and CPAs to help you transfer your assets and businesses as efficiently as possible.
Medical Profession
As a medical professional, you have unique financial needs. We understand that your profession places extraordinary demands on your time. Our goal is to minimize the time you spend worrying about your financial security so you can focus on your practice and your family. We can help you by anticipating and preparing for your personal and professional financial needs:
- Retirement
Medical professionals often retire later than other professionals. Whether this is due to the delayed commencement of your career, earnings and savings, and/or the rewarding nature of your profession, our goal is to prepare you for a normal retirement age. Many medical professionals that we work with prefer to ease into retirement. Having adequate resources to replace your income lets you dictate the terms and timing of winding down your practice. - Risk management
We will work with you and act as the liaison between you and various insurance agents to ensure your business and your family are protected in the event you are temporarily or permanently unable to work. - Liquidity
We advise on the best way to build and balance your assets and to plan for varying liquidity needs throughout your life; whether it is paying for college, investing in your business or transitioning to retirement. - Income planning
We work closely with your CPA to strategically distribute income, realize gains and maximize available tax deferral and deductions. We help you determine your required savings to balance your immediate and future cash flow needs.