How To

Host Mark Struthers CFA CFP® Will Help You Prepare For College & Retirement. College is one of the largest investments a family will make, graduating with as little debt as possible requires a plan. This podcast will help families with high-school-aged kids make a better, more affordable plan to fund college. We will also address balancing paying for college and planning for retirement. Mark and his guests will take a fiduciary financial planning look at how to prepare your family for college success!

Episodes

It's that time! It's FAFSA time.  October 1st 2021 is the first day you can fill out FAFSA for need-based aid for the 2022-2023 school year. Be prepared! Don't make one of our top 10 mistakes.

Also, don't forget to get our Free eBook - 5 Must-Knows For Balancing College & Retirement:

https://mailchi.mp/fae9d3d6f91a/5-must-knows

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

www.SonaWealthAdvisors.com

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Join Mark and Dan Cepress, the father of many of our dad jokes, to discuss the college financial planning and admissions process. As a real-life father, Dan has been through the process twice now. He will share some tips he and his family have learned along the way to make sure your process goes as smoothly as it can for your family. And of course, he will share some dad jokes with us too!

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

www.SonaWealthAdvisors.com

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Inflation is coming! Maybe. I-Bonds have been in the news lately. Their return has jumped! Join Mark as he expands on an interview he did with Kenadi Silcox from Money Magazine. They aren't your grandparent's Savings Bond -- check them out.

The Money Magazine article: https://money.com/savings-bonds-invest-inflation/?xid=moneyrss

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

www.SonaWealthAdvisors.com

 

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Join Cozy Wittman from College Inside Track as she provides tips to help make the most of your college tour, including some Minnesota-specific advice. As Cozy points out, approaching the college search the same way today as we did twenty years ago is like going out to your car and "trying to crank to start it." 

For questions on working with Cozy: https://collegeinsidetrack.com/

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

www.SonaWealthAdvisors.com

 

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If you didn't know you could negotiate, you are not alone. Negotiating college award letters is not only possible but can save a family thousands. Shannon Vasconcelos from Bright Horizons will tell us how to do it and how to do it right!

For questions on working with Shannon:

https://getintocollege.com/Our-Experts/Finance-Experts/Shannon-Vasconcelos

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

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Retirement expert Denise Downey joins us to discuss different approaches to retirement. Times have changed over the last 20 years and maybe our approach to retirement should too. And as always, we will discuss how college planning fits into her alternative retirements.

For questions on working with Denise:

https://www.financialtrex.com/

For Sona's free eBook on saving for retirement and college:

https://mailchi.mp/fae9d3d6f91a/5-must-knows

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

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We start off with new dad jokes to warm you up (windchills of -30 here in MN!). We then talk recent changes to FAFSA (need-based aid) passed with recent COVID legislation. Some good changes. But mostly bad, especially for families with multiple kids. 

Article referenced in podcast - Mark talks college saving ratios:

https://www.msn.com/en-ph/money/other/how-much-money-to-set-aside-each-month-for-college/ar-BB1dvI8K

For more information on working with Mark:

www.SonaWealthAdvisors.com

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

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COVID has made a challenging time, even more difficult. Current high school juniors and seniors face challenges most students don't face. Our guest, John Hupalo, is a great guide to help parents and students down this unexpected detour of their college funding journey.

John is the founder of Invite Education.com, which includes MyCollegeCorner.com. He is also author of Plan & Finance Your Family’s College Dreams, which is an Amazon Best Seller. John's Book On Amazon

For more information on working with Mark:

www.SonaWealthAdvisors.com

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

 

 

 

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A Roth IRA can be a great part of a college funding strategy. Its flexibility can help you prepare for funding college and retirement. But many families make too much to contribute. To make matters worse, most families that make too much for a normal Roth contribution, make too much for need-based aid from FAFSA.

But there is hope! If done correctly, the Backdoor Roth can allow even the highest earner to get dollars into the Roth IRA.

Get your FREE Roth IRA toolkit:

https://mailchi.mp/62abef091ea6/backdoor-roth

For more information on working with Mark:

www.SonaWealthAdvisors.com

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

 

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We all know that 529 Plans are one of the best ways for parents to save and invest for college. But one often overlooked account is the Roth IRA. Join Mark as he goes through the pros and cons of each account type and why the Roth should be looked at first for most families. 

Ideally, both accounts should be used to help fund retirement and college. 

Free eBook - 5 Must-Knows For Balancing College & Retirement:

https://mailchi.mp/fae9d3d6f91a/5-must-knows

The article that Mark references in the podcast:

https://www.nasdaq.com/articles/roth-iras-knock-out-529-plans-battle-education-funding-2016-06-23

For questions on working with Mark:

www.SonaWealthAdvisors.com

The MNice Investor Goes To College Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

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