How the end of the student loan pause could affect retirement saving

Saving for retirement isn’t going to be a priority for many workers when federal student loan payments resume this fall after a 3½-year hiatus. But an increasing number of employers are extending new perks to workers that recent legislation made possible, including loan repayment assistance and contributions to 401(k)s for those who are paying down loans but not saving on their own. One company that provides such services — including through 401(k) record keepers like Vanguard, Empower, PNC, Lincoln Financial Group and UBS — is Candidly, whose CEO and founder reports increasing business by a factor of 10 over the past year. The firm works with about 800 employers and will soon be available to as many as one in five people in the U.S. through its relationships with 401(k) providers. Read more >>