Problems we solve

There are plenty of people out there who downplay their assets, largely because it’s been a while since they’ve taken a good look at them. It’s only when they stop and do a careful inventory of everything they have that they realize just how much there is to keep track of. Assets under management is a service offered by advisors, so their clients don’t have to spend their time keeping up with the inevitable changes that occur over time to some of their most valuable possessions.

Assets Under Management Services in Kennewick, Wash.

If you’re interested in the best assets under management strategies and you live in the Palouse area, Barr Assets Management is a boutique firm that can offer its assistance. Advisor Dave Barr has the skills and the professional know–how to both organize all your assets and optimize their values.

When you consider your assets, whether they’re property, cars, or stocks, your mind likely conjures up the one that made the most money over the years. Maybe it’s the plot of land that quadrupled in value over the last 10 years, or the high–value stock you bought when the company was all but invisible on the index. While it’s a natural thing to list the accomplishments first, it may come at a cost of ignoring assets that have either stagnated or lost value.

Whether you invest largely in technology, property, or cryptocurrency, a financial advisor will do a full analysis of everything you have before deciding the next steps. This may mean branching out into other asset classes. It may mean closing accounts that you haven’t touched for several years. It may even mean reining in your assets so your portfolio has a clearer focus. If you’re trying to gear up for retirement, having all of your ducks in a row is non–negotiable. The more of a handle you have on your assets, the easier it will be to estimate what your net worth is today, and what it will be in the future.

There are a variety of factors that determine how much you receive from Social Security. While this fact likely doesn’t shock you, it might surprise you to learn exactly what those factors are and why it’s so important to fill out all your information correctly—the first time. You also might want to know that the program isn’t as stingy as you might have been led to believe. The Social Security Administration reports that the average benefits check is around $2,500 per month, but as you know, averages can be deceiving. Unless you want to read through the terms and conditions of the latest version of the program, a financial advisor can be the key to getting as much as you can out of a system that you’ve been paying into for decades.

Maximizing Social Security in Palouse

At Barr Asset Management, Dave Barr can tell you more about how to maximize Social Security. This income source can be an important one when you’re building your financial future. When you retire, the goal is to have as many reliable sources of income as possible, and a benefit check from the government can help you pay for your monthly essentials. The more of those you can cover, the easier it will be to pay for the things you want. Whether that’s first-class airfare around the world or a grandchild’s education, it all comes down to planning.

Since this program first debuted nearly 100 years ago, it’s undergone countless changes. One thing that hasn’t changed, though, is that Social Security is an individual pursuit. If a relative or friend has ever shared what they receive with you, even if they’re in your income bracket, it’s not necessarily wise to assume that you’ll make around the same. A financial advisor has done their homework, so you can be certain that your check is as high as it can go. Making a single mistake can mean lower payments for months (and additional time spent trying to fix the error with the government).

Health care comes with a lot of questions for most people, largely because the industry itself is constantly in transition. With all the upheavals in any given year, all of which come with promises that never seem to materialize, you would be forgiven for choosing the wrong plan for your personal needs.

The good news is that you might be able to find excellent answers from an unlikely source. A financial advisor can tell you more about how different insurance policies will factor into your larger retirement goals. They can help you sort out everything from the terms of the contract to how to budget for the worst–case scenario. See how Barr Asset Management could help you factor health into your financial plans.

The Changing Face of Healthcare in the Pacific Northwest 

The range of healthcare solutions truly runs the gamut these days. Some people find the best results when they turn to holistic practices, while others will keep up with every new medical device and technology introduced in the market. What’s more, tastes and preferences can change drastically over the years, which can wind up having major consequences, such as switching doctors or treatment plans.

A financial advisor will tell you that health is one of the biggest derailers to retirement plans. Hereditary diseases, chronic conditions, and unexpected injuries can end up eating into a person’s savings faster than they ever imagined. Protecting yourself starts with knowing what your options are today and how they’ll change as you age. When every company (and every healthcare professional) has a different philosophy on the matter, the options can be overwhelming for even the healthiest people.

When you speak with an advisor like Dave Barr, you can go over common scenarios and the best ways to guard against them. You can also talk more about what kinds of healthcare treatments you want access to and when. The more your advisor knows, the easier it will be for them to choose policies and carriers that work for you.