Employees have a lot of obstacles to face on their way to retirement, but Schwab’s new partnership is aiming to keep employees focused on making a plan to tackle whatever stands in their way.
To help employees pay off their student loans without impacting their retirement savings, the financial services company teamed up with Vault, a student loan benefit provider. The partnership will help Schwab’s 401(k) plan participants strategize the best way to pay off their loans, as well as walk them through other options, like lowering payments or refinancing their debt.
