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.
Professional & Securities Licenses:
FINRA Series 53 Municipal Securities Principal
FINRA Series 79 Investment Banking
FINRA Series 7 General Securities
FINRA Series 22 Direct Participation Programs
FINRA Series 63 Uniform Securities Agent State Law
BA, Liberal Arts, Magna cum Laude, 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
Yes, I would pay off debt on all loans and credit cards that charge an interest rate. The only loans I would keep would be if you have any 0% interest rate loans or a very low interest rate on say a car loan that could be written off on your taxes. These potential lower interest rate loans could help with your credit score if that is a concern.
The IRS will never call you regarding fraud. They send out by mail notices concerning this type of subject matter. It is extremely common unfortunately, I get calls myself from persons as well as a computerized call. Hang up and block the number.
So yes it is just another scam that prevails in our society.
If you qualify as a first time home buyer, you may only withdraw up to $10,000 from your IRA to use as a down payment without having to pay the 10% early withdrawal penalty. The 10% penalty applies if you are under the age of 59.5. Additionally, you will still have to pay regular income tax on the withdrawal. So this would be a function of your current tax bracket.
If both you and your spouse are first time home buyers (and you both have IRAs), each of you may withdraw up to $10,000 without having to pay the 10% penalty tax. So together as a couple you may withdraw up to $20,000 with no 10% penalty. The difference of either $150,000 or $140,000 would amount to either a $15,000 or $14,000 penalty plus taxes.
You qualify as a first time home buyer so long as you have had no ownership interest in a main home any time within two years before the date you acquire your new home. If you are married, your spouse must also meet this no ownership requirement.
This is the million dollar question. Timing is one of the most challenging parts of successful investing. No one has a crystal ball so unless you are trading individual stocks I would invest for the long term. Mutual funds are not meant to be traded due to their structure.
By selling your mutual fund in a bear market you may also miss out when the market rebounds. Then there are also fees and tax consequences to consider.
Yes, it is a compelling tax strategy to utilize as long as you are able to pay taxes on the lower amount of your portfolio that tax year. You may also do partial conversions, if the tax bill is too high for you that year.
Keep in mind, that Trump's new tax law as of 2018 has eliminated the recharacterization of Roth conversions so once you have converted you may not undo the conversion for any reason, such as too high a tax bill or your investments go down in value more.