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.


Investments and finances can be overwhelming when you don’t have a clear picture of where you are or where you are headed. It is easy to get side-tracked and make irrational decisions based on short-term events that can derail your long-term goals. Creating a plan that uses a disciplined long-term approach will help you prioritize your goals and discover what is really important. My goal is to bring clarity and understanding to your unique situation and help align your values with your money.

4 Mistakes to Avoid When Inheriting an IRA

4 Mistakes to Avoid When Inheriting an IRA
Let’s face it.  Inheriting an IRA can be a stressful time in people’s lives.  Understandably, we are usually busy and distracted, which is when it is easiest to make a simple mistake.  When inheriting an IRA, these types of mistakes can end up becoming very costly. There are different rules for spouses who inherit an IRA and for everyone else who inherits an IRA.  We will be looking at 4 mistakes you want to avoid as a non-spouse beneficiary when going through this process.   Not Taking a Required Minimum Distribution Most people know that once they reach the age of 70 ½ they are required to withdraw money from their IRA.  While this is the case with their Traditional IRAs, an Inherited IRA is treated differently.  The IRS requires that the person inheriting an IRA, take withdrawals over a specified period-of-time, at least annually.  This could be all at once...
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Should You Save for Retirement or College?

Should You Save for Retirement or College?
As the school year approaches, many parents are faced with the daunting task of saving for retirement and their children's education at the same time. Being a parent is one of the most rewarding experiences life has to offer. However, it does bring its challenges and responsibilities, including saving for retirement and your child’s college education simultaneously. When you stop and look at college tuition prices, it’s easy to get overwhelmed with the thought of saving for both. Our financial advisors have worked with many families in this position, and have some tips to help you get started. Put Yourself First With fewer of us receiving pensions and Social Security’s future in doubt, saving for your retirement may be your only significant source of income in retirement. There are grants, loans, scholarships and other ways of funding college, but there are no retirement loans. Your child will also have an...
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