Sona Wealth

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Month: June 2020

So, your 401k match is gone. Here’s what you should do now.

https://www.bloomberg.com/news/articles/2020-06-09/pandemic-s-toll-on-your-401-k-is-probably-going-to-get-worse With COVID, many companies are looking for ways to cut costs. A low-hanging, cost-saving, fruit for many companies is to do away with the 401k match. While good for the company in the short term, there is no way to sugarcoat how bad this is for the typical employee’s retirement. But as I tell …

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Don’t Lose Your HEAD — Your 529 Plan & Market Risk / 4 Things To Do To Prepare For Down M

The story is all too familiar: a family doing all the right things invests in a 529 Plan to limit the amount of debt their child has coming out of college. Pre-COVID investors, including college investors, prospered. Over the last 10 years an aggressive portfolio could have easily doubled, or even tripled in value. With …

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