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| Webcast Event |
| Join us April 3 for a webcast in which sources will discuss innovation and the world of financial wellness, including how health savings accounts are becoming a part of the retirement conversation. The session will also cover how the combination of innovative defined contribution (DC) plan design and investment solutions can help meet the unique objectives of participants approaching or in retirement.Read more > |
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| Benefits & Administration |
| Proposed Legislation Would Address Student Loan Debt and Social Security Solvency |
| A bill has been introduced in the House of Representatives to provide loan forgiveness to borrowers of Federal student loans who agree to delay eligibility to collect Social Security benefits, and for other purposes. The Student Security Act of 2017 would grant $550 in student loan forgiveness for each month a student debtor was willing to raise his or her full retirement age, or $6,600 per year. The proposed legislation establishes a maximum level of student loan forgiveness of $40,150, or forgoing six years and one month of Social Security benefits. LendEDU surveyed 943 Americans with student loan debt to find out their thoughts about the proposal. The plurality (46.13%) would be willing to delay collecting Social Security benefits for complete or partial federal student loan forgiveness.Read more > |
| Debt Going Into Retirement Higher Than Past Generations |
| Sixty-eight percent of families where the head of the household is 55 or older carried debt in 2016, up from 53.0% in 1998, the Employee Benefit Research Institute (EBRI) found. Data shows American families just reaching retirement or newly retired are more likely to have debt—and higher levels of debt—than past generations. Consequently, EBRI says, more families that have elderly heads are placing themselves at risk of running short of money in retirement due to their increased likelihood of holding debt while in retirement.Read more > |
