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This could be cool if the "401L" would have the proper tax incentives around it as well. I think there is very small tax incentive to repay student loans now. H
by treeform 11y ago
This could be cool if the "401L" would have the proper tax incentives around it as well. I think there is very small tax incentive to repay student loans now. How does that work exactly?
Now if Employers add matching as a benefit that could be a cool perk. It seems like Employers stopped doing 401K matching lately. Did they stop and why?
- vs2370 11y agoIn some countries it does. Just like how companies get tax credits on their spendings on free food, perks etc this might also be covered. Good point, I will research on it. All my employers have had great 401k match(upto 6%) and it is a key factor to attract talent. This can be a a great way to not only attract talent but also retain them for the period of their repayment of loan. And then similar programs can be expanded to mortgage, auto, child related loans, etc. I think 401 k makes sense when you are first out of your debts. Planning for future retirement funds while being in debt currently does not sound very right