A Fidelity Investments study found high school parents expect the annual cost of college to be far lower than what the College Board reports.
A number of Millennials are misinformed about when to save and invest for retirement, and they need plan sponsor help with student loan debt.
In the past few years, her practice has grown its assets by nearly $1 billion a year.
Jason Chepenik says advisers need to continue to have the courage to try new ideas.
The investment firm has also added personalized financial wellness digital capabilities.
It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer.
Retirement-focused financial advisers generally aren’t as informed about student loan debt as they are about health and wellness, but now may be the perfect time to change that.
The goal of the collaboration is to expand awareness of refinancing as a potential solution for those looking to simplify their student loan payments and get a lower interest rate.
The Morgan Stanley at Work financial wellness platform now includes student loan refinancing capabilities and expanded financial coaching.
As student loan debt reaches an all time high, the two firms are pushing the conversation on what families must know early on about college funding.
Among those that are, they are more likely than others to have measured their employees’ financial wellness.
The program will go into effect for Travelers' U.S. employees in January 2020.
Employees can determine how they want to allocate employer 401(k) matching dollars.
By talking about the power of compounding and emphasizing the importance of investing at the same time one is paying down debt, advisers can inspire younger clients to save more and save earlier.
While college savings and student loan debt aren’t typically an area of focus for retirement plan advisers, new survey data suggests a few simple reminders can be a big help to clients; this is especially true when it comes to filling out the Free Application for Federal Student Aid.
The ERISA Industry Committee is asking the IRS to broaden the Private Letter Ruling guidance via a revenue ruling or other guidance.
“In this year’s survey, an astounding 85% of respondents paying toward student loans reported that their obligation to repay the funds are impacting their ability to prepare for retirement,” warns Marsha Whitehead, OneAmerica vice president of enterprise marketing.
Overwhelmingly, employees surveyed by IonTuition agree with the statement, “I would like my company to offer a voluntary student loan assistance benefit.”
The majority describe the American Dream as financial security for themselves and their family, and 54% think it is unattainable.