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.
Since 1985, 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
Loans are not allowed from IRAs or from IRA-based plans such as SEPs, SARSEPs and SIMPLE IRA plans. Loans are allowed from qualified plans that satisfy the requirements of 401(a), from annuity plans that satisfy the requirements of 403(a)s or 403(b)s, and from governmental plans.
That said, with a Roth IRA, the principal amount may be withdrawn without any tax consequence because you have already paid taxes on those funds. You may borrow the principle from a Roth IRA although the appreciation is different. The amount that your IRA has appreciated is not available for withdrawal without paying certain types of taxes and fees.
Keep in mind, there is an instance where you may not directly withdraw the original investment from a Roth IRA. In this scenario, if you have converted the funds over from your traditional IRA into a Roth IRA, the amount converted over may not be available for a penalty free withdraw for five years.
As always, please refer to your CPA before making any personal tax decisions.
The highest attainable FICO score is 850. The best way to get your score over 800 is to obviously pay your bills on time, but also to have a variety of credit mix. High maximum credit limits help, but at the same time, keeping these balances low on the revolving credit cards will also help to raise your score. Keeping your account balances as low as possible can have a positive impact on your credit.
1) No missed payments; 2) recent credit card usage: a mix of credit cards, installment loans, and mortgages; 3) not seeking new credit: not actively seeking credit poses less risk to lenders; 4) accounts paid on time: an average of 6 accounts currently being paid as agreed is optimal.
Real estate investors must sell a rental or investment property and must acquire an interest in rental or investment real property in order to qualify for a 1031 exchange. The pay down of a debt on other property is not an acquisition of an interest in real estate but a payment toward a debt or personal property versus real property. Additionally, a 1031 requires like kind property and in terms of real estate, is defined as any interest in real property as long as it was held for rental or investment use. A mortgage or other type of debt on property is not a real estate interest. If cash is received from sale of property, taxes are due.
Depending on the amount of funds you will be receiving from the sale of one of your rental properties, you may be able to engage in a bifurcation of a 1031 and/or a Deferred Sales Trust (DST). The DST is a tax code compliant strategy which reduces the capital gains tax impact while creating the opportunity to earn investment income on your money you would have paid to the IRS.
One of the most significant benefits of using a Deferred Sales Trust is that there are a broad variety of investments that can be selected to secure the principal and return specified in the note, as opposed to a 1031 exchange where only compliant, like kind property can be acquired. This creates an opportunity to exit real estate, to diversify investments, to create the potential for liquidity within the selected investments, and to satisfy a variety of taxpayer risk tolerances. Investments can include, but are not limited to, mutual funds, ETFs, REITs, stocks, bonds, managed accounts, annuities, life insurance, etc.