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Student Loan Debt: It Isn’t Just for Millennials

It’s no secret that today’s college graduates face record amounts of debt. Approximately 68% of the graduating class of 2015 had student loan debt, with an average debt of $30,100 per borrower — a 4% increase from 2014 graduates.1 A student loan debt clock at finaid.org estimates current outstanding student loan debt — including both …

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Four Numbers You Should Know

When it comes to your finances, you might easily overlook some of the numbers that really count. Here are four to pay attention to now that might really matter in the future. 1. Retirement plan contribution rate What percentage of your salary are you contributing to a retirement plan? Making automatic contributions through an employer-sponsored …

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10 things to know about RMDs

Required minimum distributions, or RMDs, are something that retirees and those who plan to retire need to learn about. Those who don’t could be in for some pretty unpleasant—and expensive—surprises. So what exactly is an RMD? According to the IRS, it’s the minimum amount of money you have to withdraw from a retirement account every …

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White House vows to protect retirement savings under tax plan

Under President Trump’s aggressive plan to overhaul the country’s tax code, “retirement savings will be protected,” according to Gary Cohn, Trump’s chief economic advisor and director of the National Economic Council. During a press conference rolling out the framework for the White House’s plan for tax reform, Cohn and Treasury Secretary Steve Mnuchin said the …

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Retirement planning for employees: Why and how employers should help

While retirement planning is becoming a priority for financially aware Americans, most of the working population still lacks the know-how to make the right investments. Although improving awareness about retirement savings and investments is important in schools, part of the responsibility is passing to employers as well. Employers are increasingly becoming aware of the need …

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