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25M could get student debt forgiveness: Who's eligible in Biden's new mega-plan?

By Alan Goforth

Last week, Pres. Biden released a draft of the new Secretary of Education plan that would cancel or reduce student loan debt for millions of borrowers, following the Supreme Court's rejection of his debt cancellation in 2023.

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Rethinking retirement: Income needs to be the outcome, as America is hitting 'peak 65'

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Equity compensation: Can an employee own too much company stock?

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Retirement Trends Stories

April 19, 2024

Starter 401(k) plans under SECURE 2.0: Helping small employers fast-track a retirement plan

In 2024, a provision in the SECURE 2.0 legislation permits an employer that is not sponsoring a retirement plan to offer a starter 401(k) or safe harbor 403(b) plan to its employees that is exempt from certain nondiscrimination requirements.

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April 18, 2024

Financial wellness benefits: Employers can't afford not to offer them now

Employees are expecting more from their companies and they're pushing for greater financial flexibility to give them a leg up on building wealth – perks that go far beyond a 401(k) plan, such as student loan repayment.

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April 18, 2024

401(k) plan administrators, DOL needs your help finding 'missing' participants

This week, the Labor Department issued a proposed information collection request, seeking voluntary assistance of plan administrators in developing an online search tool to help workers gain access to lost retirement savings.

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April 17, 2024

House GOP members attempt to overturn DOL's ESG rule, again

The new bill is the latest attempt to restrict the use of environmental, social and governance factors in retirement plans by specifying that fiduciaries may consider only "risk and return" factors when making investment decisions.

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April 17, 2024

As financial insecurity hits record high, employees need help protecting their assets

Younger generations are adding a side hustle or second job at a heightened rate and more than half of adults expect inflation to increase this year, according to a new Northwestern Mutual study.

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April 16, 2024

Have the conversation: 401(k) plan changes can close the racial retirement savings gap

People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.

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April 15, 2024

Biden cancels yet another $7.4B of student debt for 277,000 borrowers

This new debt forgiveness - for those enrolled in the federal Saving on a Valuable Education (SAVE) Plan - comes days after the president unveiled a sweeping student loan forgiveness proposal providing relief for 30 million Americans.

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Retirement Trends

Top Retirement Trends Stories

25M could get student debt forgiveness: Who's eligible in Biden's new mega-plan?

Rethinking retirement: Income needs to be the outcome, as America is hitting 'peak 65'

Equity compensation: Can an employee own too much company stock?

Recommended Just For You

Retirement Trends Stories

Starter 401(k) plans under SECURE 2.0: Helping small employers fast-track a retirement plan

Financial wellness benefits: Employers can't afford not to offer them now

401(k) plan administrators, DOL needs your help finding 'missing' participants

House GOP members attempt to overturn DOL's ESG rule, again

As financial insecurity hits record high, employees need help protecting their assets

Have the conversation: 401(k) plan changes can close the racial retirement savings gap

Biden cancels yet another $7.4B of student debt for 277,000 borrowers