A Case Study on Student Debt Repayment Assistance

A Case Study on Student Debt Repayment Assistance

The Discovery The term Pioneer is defined as “a person or group that originates or helps open up a new line of thought or activity or a new method or technical development.” Every now and then I come across a company that sees it as both a responsibility and opportunity to provide financial wellness within their organization in a more impactful way.   Natixis Global Asset Management is one such company. When Natixis announced their student loan repayment benefit nearly a year ago, they knew they were sailing in slightly unchartered waters, and creating…Continue Reading
Make College Free Again: Hillary vs. Trump on the $1.3 trillion student loan crisis

Make College Free Again: Hillary vs. Trump on the $1.3 trillion student loan crisis

The 2016 presidential debates will be interesting on many levels. One debate topic will be how each candidate plans to resolve the $1.3 trillion student loan crisis. Here is a brief summary of where each candidate currently stands on the issue. Hillary’s plan Community colleges will be free What this means: Students will be able to get an Associate’s Degree for free and then transfer to a 4 year university to complete the two years they would need to receive a bachelor’s degree, essentially halving the cost of what a 4 year program would cost.…Continue Reading
The Secret Weapon For Your Millennial Retention Strategy

The Secret Weapon For Your Millennial Retention Strategy

Employers are realizing that putting total control of retirement decisions in the hands of their employees was a bad idea.  Older employees are delaying retirement due to underfunding of their retirement portfolios and market volatility.  The end results are increased healthcare costs for companies to support an aging employee population and decreased upward mobility for younger employees.  Many employers have taken steps to solve the underfunding problem for future generations of retirees through auto-enrollment and auto-escalation in defined contribution plans.   However, they have been unable to solve a continually nagging problem.  How do…Continue Reading
Got Student Loans? Amazon Prime Can Lower Your Student Loans

Got Student Loans? Amazon Prime Can Lower Your Student Loans

Paying Your Student Loans Just Got Easier On July 21, Amazon announced a partnership with Wells Fargo.  Any Amazon Prime Student customer who applies and is approved for any of Wells Fargo’s private student loans products will get an additional 0.5 percent taken off of their interest rate.  The interest rate deduction can save Amazon Prime Student customers thousands of dollars in interest payments. Amazon Prime costs $99 per year, so the interest rate savings can pay for the service.  One small caveat, Amazon's website says the discount will be applied only to new loan applications received on or after…Continue Reading

What ‘House of Cards’ can teach us about student debt

The connection between 'House of Cards' and Student Debt I'm an avid fan of the series 'House of Cards', a political drama on Netflix, in which Frank Underwood (played by Kevin Spacey) and Claire Underwood (played by Robin Wright) use coercion, bribery and extortion to ascend to greater positions in the government.  Each episode takes you deeper into the tangled web of lies they are weaving in their quest for power, and you can't help but wonder when it will all come crashing down. The Wikipedia definition of "House of cards" is a structure or argument built…Continue Reading

YOLO – Why I’m Still in Debt After I Sold My First Company

When you’re the child of immigrant parents, you quickly learn the value of a dollar and the difference between needs and wants.  Food, basic shelter, education are needs.  Everything else is wants.  I wanted “everything else”, like name brand clothes and electronics.  I got tired of being the kid in school with the $20 pair of sneakers, so I got an afterschool job after 8th grade to get those wants.   My parents would have killed me if they knew I was spending $100 on a pair of Timberland boots or a 64MB MP3…Continue Reading

Results from Our Financial Goals Survey

We sent out a survey in February 2016 to better understand how professionals consume financial content and make financial decisions. The results of the survey are below. How many companies have you worked for since graduating from college? How many investment accounts do you have? What is your primary method for consuming content about reaching your financial goals?   What usually triggers you to look at financial content? How confident are you about reaching your financial retirement goals? How long have you been investing in your 401K or the stock markets? Average: 9.1 years, Median: 8 years…Continue Reading
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