https://www.marketwatch.com/story/irs-ruling-allows-401k-student-loan-benefits-2018-08-27
The IRS is setting up a framework for companies to match their employees' student loan repayments in the same way companies match 401k contributions. This will be cost neutral for the employer.
Edit: the employer's match would go into the employee's 401k account.
According to the article, employees with student loan debt accumulate 50% less wealth in their retirement plans (by age 30) than their peers without student loan debt. I think most of us with student debt have at one point or another felt "behind".
Thoughts? This is definitely a cool idea and would be a great hiring incentive/perk.
Submitted August 28, 2018 at 09:49AM by broken_symmetry_ https://ift.tt/2MQj6JB
