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(Reported by Hypepotamus.) Companies have to get smarter about employee benefits if they want to attract the best talent in 2022. That might bring to mind concepts like flexible work hours, gym memberships, or competitive retirement matching plans. But a team of Nashville-based entrepreneurs thinks it is time to add education payment options to the mix.
(Interview by 401K Specialist.) Long expected, it’s finally happened. President Biden declared student loan debt relief for certain borrowers through what the administration calls targeted cancellation. We wanted to know what it meant for borrowers and retirement savers and what impact it might have on employee benefits, so we asked Jeffrey Hull, founder of Savvy Financial.
When a company offers any benefit to its employees, there’s a fast way to gauge whether the effort was a hit or a flop: adoption rates. Some benefits take off like rocketships, with employees racing to onboard; others languish on the sidelines. Blue Earth Diagnostics’ Human Resources Manager saw this surprising disparity in real time when the company introduced four new benefits at the same time and discovered that employees were overwhelmingly most interested in the college savings and student loan benefits of SavvyFi.
(Published by Yahoo! Finance.) Amidst the uproar around the college debt crisis, SavvyFi is riding a wave of interest in college savings and student loan benefits from investors, benefit consultants, and corporations. The Nashville-based fintech solution for college savings and student loans brings accessibility and crowdfunding to employee benefits.
Student debt struggles in their own pasts are probably the main reason why parents are starting their college funds earlier than previous generations. Starting early is important, but just how important?
To answer this question, SavvyFi ran the numbers to show a hypothetical “cost of waiting” and the importance of funding a 529 college savings plan as soon as possible.
(Reported by 401k Specialist.) EvoShare, a micro savings-oriented FinTech startup based in Berkeley, California, and SavvyFi, a tech-driven 529 employee benefit platform headquartered in Franklin, Tennessee,
FINTECH: Nashville’s Savvy Financial Inc.(SavvyFi) filed in August for a $2MM raise they began in 2018.
Crowdfunding and crowdsourcing have become more and more prominent in today’s society. Startups are using Kickstarter to crowdfund their initial investments. Many major companies crowdsource
You’re finally ready to start your child’s college fund. You’ve decided on the 529 plan as your account type, which is a pretty solid choice,
Savvy Financial, Inc. (“SavvyFi”) is an investment adviser registered with the Securities and Exchange Commission. The investment advisory services referred to on this website are made available to U.S. residents only. This website shall not be considered a solicitation or offering for any service or product to any person in any jurisdiction where such solicitation or offer would be unlawful. Nothing in this website should be construed as investment, legal, tax, regulatory or accounting advice. Prospective investors should consult with their own legal, regulatory, tax, business, investment, financial and accounting advisers. While distributions to cover K–12 tuition are tax-free on the federal level, state tax treatment will vary, and you should check with your tax professional for details. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance.
