Pay down debt or save for the future? This age-old dilemma now has an innovative solution as employers seek novel strategies to help employees struggling with boosting their retirement savings while also paying down student debt. In fact, 67% of recent college graduates burdened with student loan debt claiming this debt is preventing them from participating in major life milestones such as saving for retirement, getting married or buying a home . As a market leader for student debt workplace benefits since 2016, Fidelity Investments, is pleased to add to its award-winning student debt workplace offerings by introducing another benefit aimed at addressing the growing pressures of student debt Beginner Personal debt Later years .
Pupil obligations is a barrier one suppresses way too many Us americans away from engaging in very important lives goals such as for instance saving to have old-age, claims Jesse Moore, senior vice-president, direct from Student Loans during the Fidelity Investments. The development of a pension-centered scholar debt work for is actually a casino game-changing advance towards masters globe that will help many on their roadway toward monetary wellness and you may versatility. (more…)