Student Loan Debt Doesn’t Have to Stop Retirement Savings

Paying down student loan debt is hard enough without worrying about saving for retirement.

More than 40 million Americans have some form of student loan debt and it all totals approximately $1.3 trillion, according to Federal Student Aid. Conversely, only 4 percent of employers offered some sort of student loan repayment benefit in 2016, according to the Society for Human Resource Management.

It’s pretty much common knowledge that people need to save more for retirement, with federal and state governments trying to encourage Americans to save for their later years through regulations encouraging lifetime income options and state-run ...