Student loan payments would be entitled to earn “matching” 401k retirement contributions from employers under a bill introduced Thursday by Senate Finance Chairman Ron Wyden.
The proposal would allow Americans to build retirement savings while repaying their student debt even if they cannot afford to make their own contributions to a 401(k) plan. Employers could offer the benefit voluntarily, and it would only apply to higher-education expenses.
“While I support student debt forgiveness, it’s important to put every option on the table to relieve this burden for millions of Americans,” Wyden said in a statement. His bill has four Senate Democrat cosponsors.
Last year, the U.S. froze payments and interest for all federal student loans in response to the coronavirus pandemic. Those protections are expected to remain in place at least through the end of September.
Financial advice firms continue to shed employees, often a way to reduce costs.
The building sold for $72 million - he says his $550,000 never came back.
Also, Zocks and Amplify unveil integrations with Conquest and Wealthbox CRM to extend their reach among independent advisors.
The deal creates one of the largest independent RIA footprints in the Philadelphia metro region, with more than $30 billion in combined client assets.
Elsewhere, Osaic and Ameriprise each recruited family-owned practices previously affiliated with LPL and Thrivent.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
