episode 167 – student loan debt elimination – a new employee benefit?

Rea’s retirement planning pro, Kim Veal, joins Dave to discuss student loan debt elimination and how it may change the retirement planning industry!

Disruption is hitting us from all sides these days: a glut of new technologies, evolving client expectations, and young employees that think and behave differently. In this episode of unsuitable, Kim Veal, CPA, a supervisor on Rea’s retirement plan audit team, is going to tell us how disruption’s newest target might just be the retirement planning industry.

A New Employee Benefit (& Your New Competitive Advantage)

One of the biggest struggles facing employees today is student loan debt, but one employer has come up with a new solution to tackle this struggle: a student loan repayment program attached to their 401(k). Not only is this helping solve one of the biggest problems for the growing Millennial and Gen-Z workforce, it’s also addressing the perennial issue of recruiting and retaining top talent.

If you are a business owner, you will be interested in these other topics discussed in this episode:

  • What this option could mean for you, as an employer, if you want to jump on the bandwagon.
  • How you can start implementing a similar plan in your organization – or even for your clients.
  • How this new type of plan might affect an audit.

If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.

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articles & insight

Podcast | want to hire young leaders? then give ’em what they want! – Rea millennial employees, Sarah Sparks and Deirdra Divittis, join unsuitable on Rea Radio to discuss what their generation looks for in a job and what keep them at a business. Listen (or watch) now!

Millennials Want To Save For Retirement – Soon after graduation, these tenacious young workers will be looking to embark on their career. How will you help them save for retirement? After all, it’s never too early to start saving. Read more.

Intro To College Costs 101 – College costs continue to rise to staggering amounts. To help ease the burden of higher education costs there are several ways you can begin to plan (if you haven’t started already). Read on to learn more!

Find And Keep Top Talent In Today’s Economy –  If you’re an employer, what it is you are doing to differentiate your company from the competition when it comes to attracting and retaining top talent. Read on to discover a few tips that could help set your company apart from the competition.

Five Financial Considerations for Every Age Group – Are you on track to meet your financial goals? Continue reading to evaluate your financial situation.

official transcript

Click here to read the official transcript for episode 167, “student loan debt elimination – a new employee benefit?”