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 look at how to prepare your family for college success!

Episodes

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. 

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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We all know that the 529 Plan is a great way to save for college, but did you know that Minnesota has an additional tax credit OR deduction for the year you contribute? Join Mark as he goes into more detail to see if this tax benefit is right for you.

Here are the two free resources mentioned in the Podcast.

Download Gift Card PDF & MN Tax Benefit Info

For questions on working with Mark, visit 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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November 15, 2020

Top 10 Groan-Worthy Dad Jokes

Let's face it, it's been a long fall. In fact, it's been a long 2020! We could all use a laugh and a break. So this episode we are going to count down the top 10 dad jokes. They make you groan. They make you sigh. But they also make you laugh!

Have a great Thanksgiving everyone!

For questions on working with Mark, visit 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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Paul Curley from ISS Market Intelligence will talk about the benefits of 529 Plans in general, but also how they can be used with the new COVID normal. He will answer questions like, Can a 529 Plan pay a parent rent? Can it pay for internet access at home? Is PPE a qualified expense? What can a 529 Plan do for those with K-12 kids?

For questions on working with Mark, visit 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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How much should a family save for college is a very personal decision. Join Mark as he provides some tips, rules of thumb, and things to think about as you decide the best path for you and your family. Mark's conversation will build upon an article from 2016: LATimes - College Magic Number

For questions on working with Mark, visit 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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Balancing paying for college and retirement is challenging. 529 Savings Plans are one of the best options to help parents invest and save for college. They not only offer substantial tax benefits, but they also are a great way to involve the entire family in the child’s education! In Part #1, Mark will explore 529 Savings Plans and how they might fit into your education funding strategy. For Part #2, we will look at 529 Prepaid Tuition Plans.

For questions on working with Mark, visit 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.

Play Now

Balancing paying for college and retirement is challenging. 529 Savings Plans are one of the best options to help parents invest and save for college. They not only offer substantial tax benefits, but they also are a great way to involve the entire family in the child’s education! In Part #1, Mark will explore 529 Savings Plans and how they might fit into your education funding strategy. For Part #2, we will look at 529 Prepaid Tuition Plans.

For questions on working with Mark, visit 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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Our guest Ray Giese CFP® MS will discuss the value of career coaching. “Most people spend more time shopping for a car”, or on their fantasy football team, than they do doing due diligence on one of life’s biggest investments, college.

For questions on working with Mark, visit 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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College is one of the largest investments your family will make. Having "the talk" with your child increases the chances of a healthy, affordable outcome. Mark discusses using the Four Ps when having the college talk with your child.

For questions on working with Mark, visit 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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