Small-Business Owners Can Have A Great Retirement Too! Part 1 of 3: SEP IRAs

Small Business Does Not Have To Mean A Small Retirement Plan! Doing What You Love Owning and running a small business can be one of the greatest ways to build wealth and financial independence. And for many it means doing what they love. The downside to owning your own business is having access to the same benefits, especially retirement planning. … Read More

The 4% Rule & Saving For College

Much discussed but seldom fully understood. The 4% rule has been around for decades and is often the gold standard in rule-of-thumb guidelines.  However, the 4% rule was designed at time when our children’s college costs were relatively smaller and more predictable. In today’s world the idea of planning for your retirement must be thought of in conjunction with the … Read More

College As An Investment

We have behavioral biases in all of our decision-making – it is what makes us human. Nowhere is this more evident than in our decision to invest anywhere from $100,000 to $200,000 in a college education for our kids. With most investments we will at least look at the possible return on investment (ROI) and consider the risks involved. If … Read More

4 YEAR-END MUST DOS TO MAKE THE MOST OF YOUR 529 PLAN

1) Claim A State Tax Deduction If your state has one, take advantage of it. For a map of states that currently offer a tax deduction or credit, checkout the free portion of our 529 Plan class at: http://sona-financial.thinkific.com/. Most states only offer the tax deduction or credit if you use their 529 Plan, but a few will offer it … Read More

BREXIT!!!!

The Dow today, Friday June 24, 2016, was down -610 points, which is definitely something you don’t see every day. What could have happened to make the stock market drop that much? The two biggest questions I get from clients are: 1) Why is the BRexit so important? and 2) what is the EU? The reason BRexit came as such … Read More

WHY I LIKE EVIDENCE-BASED INVESTING

Why I Like Evidence-Based Investing Most investors don’t want to be bothered with the details of investing, and I don’t blame them. I don’t want to know all the details of the drugs my doctor prescribes. But I do want to be a good steward of my health by selecting a doctor I can trust and knowing why procedures are … Read More

WHAT IS YOUR COLLEGE-FUNDING MAGIC NUMBER?

Many new parents want to pay for their child’s college education, but it’s hard to know how much money they’ll need 18 or 19 years in the future. With some thoughtful planning, you can come up with a reasonable estimate of your “magic number” for college savings. Following are some important considerations as you start planning: Type of school: The … Read More

RUMBLE IN THE COLLEGE-FUNDING JUNGLE

October 30, 1974 saw a battle between Big George Foreman and the recently deceased Muhammad Ali, The Greatest. The battle pitched a younger, bigger, and more powerful slugger vs. a more versatile and smarter boxer that had the perception and flexibility to adjust to the task at hand. The fight was held in Zaire, Africa; with the three days before … Read More