Student loan borrowers stressed over choosing between paring down student loan debt and saving for retirement just got some relief.
“The student debt retirement provision is particularly exciting as it directly addresses retirement savings — which is one of the top areas we see so many borrowers are forced to cut back on due to their student debt,” Jesse Moore, head of student debt at Fidelity Investments, told Yahoo Finance.
The details are still being worked out at companies, but in general, you can make contributions to your retirement account, then add in the student loan amount up to your employer’s full match — which generally ranges between 4 % and 6 % of your salary, Craig Copeland, with EBRI, a nonpartisan, nonprofit research institute in Washington, D.C, told Yahoo Finance.
Employers aren’t required to offer their employees this perk, so it’s hard to get a bead on how many companies will offer the benefit. But several big firmsSince the passing of Secure 2.0, Fidelity has seen a surge “in demand for the student debt retirement benefit from all types of employers — from large employers with a national presence to smaller companies,” Moore said.
“Employees may repay more loan debt but reduce their own retirement plan contributions,” Mitchell said. And that’s a worry. Another major Tesla investor is publicly opposing Elon Musk's $56 billion pay package days before investors vote on the enormous figure.CALGARY — A Calgary energy company has been ordered to abandon close to 1,000 wells, pipelines and other facilities over concerns about care and maintenance of the sites.The boycott of Loblaw-affiliated stores was started by a group on Reddit who wanted to pressure the chain during the month of May. It's still going for some shoppers.