debt paydown tools
Research shows that 60% of American households live paycheck to paycheck.1 High-interest debt is often a roadblock for participants on the path to retirement saving since it impacts their ability to invest in a defined contribution plan. Our debt paydown strategy and budgeting calculator are just two of the financial wellness tools available with our Well on Your WayTM offer, a component of our retirement recordkeeping services.
1 PYMNTS and LendingClub, 2022
Through our tools and services, your participants can:
- Create a personalized budget.
- Maximize retirement plan savings.
- Categorize and pay down high-interest debt accounts.
Achieving a successful retirement means providing better outcomes for participants and more value for plan sponsors.
See the Debt Paydown Strategy tool in action by filling out the form below to view the video.
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