Silber Bennett Financial
Rebecca Dawson is an experienced, independent financial advisor offering personalized wealth and investment management guidance to a select group of individuals, families, and businesses in Southern California and around the country. Her mission is to be a trusted advisor to her clients by partnering with them to identify what is most important in their financial lives while providing tailored solutions to help achieve their goals.
For over 20 years, Rebecca has served as a financial advisor. She has developed highly refined methods for evaluating client's needs and formulating successful investment strategies. She and her staff provide an exceptional level of service to her clients, who are typically worth well in excess of $1 million and include some of the most prominent people in the United States.
Before joining Silber Bennett, Rebecca managed her own independent brokerage office since 1999. Prior to that she held similar positions with PaineWebber, Merrill Lynch, and Alex.Brown & Sons.
Her clientele have included corporate presidents, and officers, charitable foundations, pension funds, business owners, and wealthy retirees. Her affiliation with Silber Bennett Financial provides her clients with full service wealth strategies.
BA, Liberal Arts, University of Texas at Austin
SECURITIES AND ADVISORY SERVICES OFFERED THROUGH SILBER BENNETT FINANCIAL, INC.
DOI: CA 0H72697 | MEMBER: FINRA / SIPC
Why Choose Rebecca Dawson
Rebecca Dawson on To The Point
No, if an advisor decides to leave his or her current investment firm and go to a competitor, the client would need to fill out all new account documentation. This would include a new account form, transfer form, etc. Even if the new firm used the same clearing firm you would be required to excute all new documents then be assigned a new account number for each account that is transfered to the new firm.
Always read any documents before signing or ask your advisor to explain in detail what you are signing. Any transfer can be rescinded or transfered back to the previous firm so you always have control of your assets.
The Federal Deposit Insurance Corporation (FDIC) provides insurance to depositors in U.S. banks. The FDIC was created during the Great Depression to restore trust in the American banking system. Currently, FDIC insures deposits in member banks up to $250,000 per account.
The FDIC and its reserves are funded by member banks' insurance dues. Only banks are insured by the FDIC, credit unions are insured up to the same insurance limit by the National Credit Union Administration, which is also a government agency.
Conversely, the Securities Investor Protection Corporation (SIPC) protects membership of most U.S.registered investment firms/broker dealers, it is designed to protect the customers of brokers or dealers subject to the SIPA from loss in case of financial failure. SIPC is required to report to, and be overseen by, the Securities Exhchange Commission (SEC) in the amount of $500,000 per account.
Yes, an IRA can legally own real estate and a lot of other alternative investments as well, ranging from private equity and promissory notes to gold, oil and gas and cattle. (It can’t own insurance, collectibles or stock in S corporations.)
Most financial institutions that act as custodians for IRAs generally limit investments to publicly traded stock, bonds, mutual funds and bank CDs. So you will first need to move your IRA to one of the smaller custodians offering self-directed IRAs. I have used NuView IRA which is a privately held company. It operates as a retirement plan administration company that also specializes in maintaining records for clients who would like to self direct their retirement plans for alternative investment. NuView IRA help clients invest in various assets such as real estate, private lending, private placements, precious metals, and joint ventures. I have found their fees to be very competitive relative to other similiar alternative retirement custodians.
Satisfying the requirements for IRA payouts can get more complicated with illiquid assets in your IRA. An IRA owner must take an annual required minimum distribution (RMD) starting at age 70½ unless the account is a Roth. Nonspouse heirs, regardless of age, must begin withdrawals from both regular and Roth IRAs by Dec. 31 of the year following the IRA owner’s death. I you miss an RMD, the IRS will hit you with a penalty equal to 50% of the required payout.
The RMD is based on the account balance on Dec. 31 of the previous year divided by life expectancy, as listed in IRS tables. If there are plenty of liquid assets in the traditional IRA to make the payout. But if there is no liquid cash, the IRA would have to distribute an interest in the LLC instead.
Whereas distributions from a traditional IRA are taxed at ordinary federal income rates. That includes long term gains. In other words, you might undercut the benefits of tax deferral by paying a much higher rate than needed on your gains. With a Roth, all withdrawals by you or your heirs are tax free. That is why an investment that has the potential to appreciate greatly (like real estate) is more appropriate in a Roth IRA.
For IRA owners a Roth also avoids the requirement to take yearly distributions after 70½. Not only can that leave more for beneficiaries if you do not use the money yourself, but with assets that are partly or totally illiquid it also avoids the cumbersome calculation of RMDs.
If you earn too much to make annual contributions to a Roth IRA (there are income limits), consider converting a traditional IRA to a Roth. To do this you pay tax on a traditional IRA, then shift the money to a Roth where all future growth is tax free. Inherited traditional IRAs aren’t eligible.
Please click on the link below to learn more about tax savings with a Roth IRA and real estate:
No, an IRA cannot be held jointly by spouses. Although if you are married to nonworking spouse you may open up a seperate IRA for your spouse. Married couples can boost or improve their retirement savings while offering the stay at home partner to build the nest egg. This kind of arrangement is known as Spousal IRA. Many households do have at least one spouse looking after the children while staying at home. In fact, the stay at home parent or spouse may open an IRA in the name of the working spouse. It is the kind of regular IRA where the working spouse may definitely make a contribution towards the IRA of the nonworking spouse. You need to know eligibility requirements as well.
• The foremost criterion is that the person must be married
• When it comes to tax filing, both spouses need to file jointly
• The spouse who is contributing towards the IRA must have earned income or compensation amounting to the amount which is to be contributed annually towards the IRA. In case, the contributing spouse is also having IRA, then the income must exceed combined contributions to the IRA.
• It is important for the noncontributing spouse to have an age below 70 years. But then, if you consider Roth IRA, there is no age limit.
So, if you are eligible for IRA, you can open the retirement account and take contributions from the working spouse. IRA can be held separately and never can it be jointly held. In the IRA, the nonworking spouse just owns the assets. The money also becomes yours when the working spouse starts contributing towards the IRA. However, the IRA can be opened with the social security number and belongs to the nonworking spouse even if there is a divorce.
This is the foremost reason for considering IRA. The IRA account of nonworking spouse offers the same kind of tax benefit as the IRA account of the working spouse. However, the advantage is dependent on the income, age and the kind of IRA.
There are no real risks associated with Roth IRA. A Roth IRA is a type of retirement account. It does not allow the deduction that a traditional IRA would but your money will grow tax free in the account. You pay taxes on traditional IRA funds when they are withdrawn contrary to a Roth where the money is taxed prior to depositing into the Roth IRA. So depending on where your tax bracket is could have consequences.
There could be potential risks with the type of investments you choose to buy within your self directed Roth IRA. Typically, an IRA whether it is a traditional or Roth and the age you set up your account will be a long term investment. So this would allow your investments to grow over time taking out some of the element of risk.