Fidelity: Student loan debt tied to 401(k) loans

A NEW REPORT by Fidelity Investments Inc. shows that those with student loans were more likely to have to take money out of their 401(k) plans, especially among older generations, with plans to pay it back over time plus interest, known as a 401(k) loan. / COURTESY FIDELITY INVESTMENTS INC.
PROVIDENCE – From 20-somethings to those at the end of their careers, student debt is a problem across generations that also spells trouble for retirement, according to a new report by Fidelity Investments Inc. The Oct. 13 report, based on analysis of Fidelity customers with student loans, shows that no generation has been spared, with…

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