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
Having a diversified portfolio is the first step. Working with a Financial Advisor that could help you determine your specific risk tolerances and help with proper asset allocation.
If real estate interests you there are non traded and publicly traded Real Estate Investment Trusts that could pay a current distribution along with capital appreciation potential. The non traded REITs are not correlated to the stock market so that is one advantage for diversification. ETFs are also attractive and have many different investment goals and industry/sector types. You may buy ETFs just like you would an individual stock in the open market as they are very liquid.
If you were to buy real estate directly with your IRA it can be tricky. You will need enough money in your account to cover all expenses: maintenance, taxes, etc. There is no commingling of non-IRA funds with your IRA investment. Many IRA administrators will not handle real estate. Finding lenders to help with the purchase has historically been challenging, because any mortgage must be nonrecourse. That is, you and your IRA are off-limits to the lender.
In IRAs, investors may hold different types of investments such as real estate limited partnerships, individual stocks, individual bonds, mutual funds, ETFs, closed end funds, unit investment trusts, treasuries and/or CDs.
Read more: Tax Savings with a Roth IRA and Real Estate | Investopedia https://www.investopedia.com/advisor-network/articles/tax-savings-roth-ira-and-real-estate/#ixzz5FWHXGIYY
ETFs and mutual funds have important differences. Mutual funds are priced once a day based on the value of their holdings, while markets set the price for ETFs throughout the day. ETFs offer the potential to outperform an index. ETFs give investors pricing during the day and more discretion over the timing of their trades. Like stocks, ETFs allow investors to choose their market entry and exit points throughout the trading day, so they might take advantage of market developments in real time.
With actively managed ETFs, a portfolio manager attempts to outperform an index, versus just replicating an index's performance. This would be advantageous in bull market but not a bear market. Also, I would recommend using an advisor that gives more mutual fund choices as there may also be a conflict of interest otherwise.
As you consider ETFs and open-ended mutual funds, it is important to recognize how the each similarities and differences may influence your investing experience. Buying and selling, pricing, disclosure, costs, holding-period return, and tax implications can all be different.
Unlike with a traditional open-ended mutual fund, the price of an ETF is set in the open market. Higher demand from investors can result in the shares trading at a premium (compared to the value of the stocks that the ETF holds), and falling demand could cause the ETF to trade at a discount (compared to the value of the ETF's holdings).
While mutual funds and ETFs are different, both can offer exposure to a diversified basket of securities, and can be good vehicles to help meet your objectives. It is important to pick the best choice for your specific investing needs, whether an ETF, an open-ended mutual fund, or a combination of both.
Beta is a measure of a funds volatility relative to market movements. A measure of risk adjusted performance calculated by subtracting the risk free rate from the rate of return of the portfolio and dividing the result by the standard deviation of the portfolio returns. Beta is easy to interpret, the higher the beta the more volatile it has been to its corresponding benchmark. Measuring a bond's beta would not be as accurate as using beta to measure the potential volatility of an equity since beta is the correlation of returns on the equity to returns on the market as a whole (usually measured by the S&P 500).
Bonds do show correlation with the stock market, but calculating beta would be misleading because they are not part of the market. Instead, they have duration. Duration is the time of the bond. It measures the interest rate sensitivity of the bond, since interest rates have effect on bond prices.
I am a proponent of living as debt free as possible. You did not elaborate on what your $8000 portfolio is invested in or how it is performing which could be a factor on whether you should use those funds to pay down debt. Regardless, getting extra income from a weekend job would be a great way to pay down the debt to avoid paying interest.
Paying off any and all debt with interest attached would be a priority. Continue with the interest free car loan as this will also help your credit history.
The tax rate will not be lower unless you are in a lower tax bracket. When withdrawing funds from a 401(k) prior to 59.5 years of age does incur an early withdrawal penalty of 10% not 20%. Then you will pay taxes on all withdrawals regardless of age.
When filling out your IRA distribution form you may have inadvertently checked off the box for your distributions to have tax withholding (federal and/or state). You may want to check with the 401(k) administrator to correct this error. Any distributions with federal or state tax withholdings for 2018 may be reversed.