The California poppy, the state flower, can be found near Sacramento's Financial Advisors, GBB.
 

Genovese Burford & Brothers Blog

Read the latest posts from the Financial Advisors of Genovese Burford & Brothers.


One of my two main roles at GBB is to lead our efforts to build the future of the firm. We are building that future on the bedrock values of the company and our founders. In my other key role as a financial advisor, I honor my clients’ trust by getting to know them deeply and by fundamentally understanding their goals, challenges, and fears. Working together and communicating frankly, we build and stick with a plan that puts them in an ideal position to live the life they’ve imagined. Having an objective, compassionate confidante as your partner in making tough financial decisions during the turbulent, emotional times in life is perhaps the biggest reason why choosing Genovese Burford & Brothers is a very smart decision.

I Paid Too Much in Taxes This Year, How Can I Reduce Taxes Next Year?

I Paid Too Much in Taxes This Year, How Can I Reduce Taxes Next Year?
Congratulations on putting Tax Day behind you.  I hope the sting of the “Tax Due” line on your returns wasn’t too bad, or better yet, you had a refund coming to you.  But whether you owe or are owed by Uncle Sam is a function of how much you withheld or paid in relative to how much you needed to pay in taxes.  The question shouldn’t be “Did I kick in enough to avoid having to pay more?” but rather, “How can I owe less next year, even if my income stays the same or goes up?”  Our clients ask us that all the time, and often right around this time of year.  And the facts are that too many CPAs aren’t analyzing their client’s behavior for ways to reduce tax liability, they’re just plugging in the income numbers, the deductions, and letting their clients know how much they owe. ...
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4 Reasons to Build Your Estate Plan this Quarter

4 Reasons to Build Your Estate Plan this Quarter
As New Year’s Resolutions fade, and our financial attention shifts to tax prep or the latest gyrations of the stock market, we’d like to touch on one financial planning priority that so many of our clients and prospects leave unattended: planning for the unexpected with an estate plan.  Both as financial advisors and as humans, we understand, no one likes thinking about their own demise or disability, but the savings in confusion and frustration for our loved ones amidst their heartache is difficult to overstate. If you haven’t gotten your estate in order, don’t feel alone; we see it so often when we engage in financial planning conversations.  After we talk about dreams for the future, current saving and spending, investments, and all the other parts of a financial plan, we ask our clients about a will, a living trust, a power of attorney, and advanced medical directives. Subsequently, we...
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Best Practices for Maximizing Investment Returns in Your 401(k)

Best Practices for Maximizing Investment Returns in Your 401(k)
One of the toughest challenges of being a Financial Advisor comes up all too often.  Prospective clients come to us all the time already very close to their target retirement age only to find that they haven’t saved enough in their 401(k) plans or haven’t invested prudently, or worse, both.  While financial planning can help make the best of a tough situation, many times the reality is that these clients will have to work longer than they’d prefer.  That got me thinking on a few best practices we can offer to people who are currently working and saving in their 401(k)s, to help avoid that outcome of being caught short of savings to support the desired lifestyle during retirement years. 1.       Take the long-term outlook (no market timing) Just a few months ago I had a new client tell me, “The market had been going up steadily since 2009, and...
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How Combination Retirement Plans Create Business Tax Savings

How Combination Retirement Plans Create Business Tax Savings
It’s a question I get frequently: “My business is doing really well, but my tax bill has skyrocketed.  Is there anything I can do to reduce taxes?”  As a Financial Advisor with a focus on small business owners, I am regularly in a position to help owners and CEOs think about their businesses.  While the conversations frequently hinge on succession, strategy, or management challenges, they just as often gravitate toward questions of estate planning and tax saving tactics for business owners.  A couple years ago, I was out playing golf with a friend, and we were paired up by the Starter with a gentleman playing alone.  The three of us struck up a conversation, and were enjoying each other’s company, when at the start of the back nine, the single asked me about my job.  Upon hearing Financial Advisor as the answer, he said “You know, my company has seen...
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