"Balancing Student Loans and Retirement: The 401(k) Match Dilemma"
TL;DR Summary
The SECURE Act 2.0 allows employers to match student loan payments with retirement contributions, but many are hesitant to offer this benefit due to economic uncertainties and cost concerns. While some industries may adopt it faster to attract talent, only a small percentage of companies currently plan to implement student loan matching. Additionally, some companies already offer student loan assistance through direct payments and other benefits, and the student debt crisis may lead to more companies considering such benefits in the future.
- Student loans or retirement? Why that may remain a dilemma in 2024. USA TODAY
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- A New Perk for Some Student Loan Borrowers: A 401(k) Match The New York Times
- Employers Can Now Offer a 401(k) Match on Student Loan Payments CNET
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