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Genovese Burford & Brothers Blog

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


I have been in the financial services industry for over 19 years. My career began in 1994 when I worked for Charles Schwab in Sacramento on Arden Way. I helped Schwab open their office in Roseville in 1996 and served clients there until 2001. In the late ‘90s my intellectual curiosity prodded me to go to law school at night while working at Schwab during the day. I passed California’s bar exam in 2002 and was an attorney until 2005. Litigation work was not for me, so I returned to Schwab and advised clients there from 2005 to 2009. In late 2009, I co-founded Placer Summit Financial Group, an independent financial planning and investment management firm located in Roseville, CA. I was a managing partner of that firm until joining GBB as a financial advisor and partner in September 2017.

Consider taking a Qualified Charitable Distribution from Your IRA

Consider taking a Qualified Charitable Distribution from Your IRA
From time to time you may be inspired to do some good for others.  Perhaps the recent wildfires in California are a reason for you to want to help someone in need.  Coupled with that, you may also have a Required Minimum Distribution (RMD) that you have to take from your Individual Retirement Account (“IRA) because you are 70 ½ or older.  As we approach year-end, the December 31 deadline for you to take your RMD for 2018 is fast approaching.  One last acronym:  consider the Qualified Charitable Distribution (QCD).  QCDs only apply to IRAs, so if you have assets in a 401(k) or other plan and you would like to do what we describe below, you would have to rollover those funds to an IRA first. A Qualified Charitable Distribution allows you to give up to a total of $100,000 of your RMD from your IRA directly to charities...
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Congratulations on your Retirement … Now What Do You Do with Your 401(k)?

Congratulations on your Retirement … Now What Do You Do with Your 401(k)?
If you are like most American workers that have planned for retirement, you have probably been funding a company sponsored salary deferral plan such as a 401(k), 403(b) or 457 for a number of years waiting for that magic moment when you can flip a switch and enjoy a comfortable or beyond comfortable lifestyle.  Managing your 401(k) during your career was likely a pretty straightforward endeavor: check a box or two on your company’s forms or website to let them know how much they could take out of your paycheck, pick one or maybe a few mutual funds off a relatively simple list, and tweak those two things from time to time depending on whether you received a raise to your income or funds in your 401(k) performed the way they should have been.  Over the years it was probably really encouraging, maybe even exciting at times, to see your...
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