SoFi Blog

Tips and news—
for your financial moves.

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The Importance of Offering 529 Plan Contributions in an Employee Benefits Package

Strong employees are the backbone of any successful business. And, when it comes to attracting and holding on to the best talent, it’s no secret that offering competitive and valuable employee benefits is one of the most effective ways to demonstrate a longstanding commitment to your team.

Some employers are starting to venture beyond standard offerings and extending into things like profit-sharing and bonuses, transportation and tuition reimbursement, and perks like free meals, discounted fitness programs, childcare, and other services to their employees. And, in many cases, these enhanced offerings are helping to set these companies apart from the rest.

In a landscape where so many companies offer comparable benefits, many strategic employers are finding new, innovative ways to anticipate and accommodate the needs of their employees.

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Crypto 101 Hosted by SoFi

Last night, we hosted 250 members and guests at The Commonwealth Club in San Francisco to get the inside scoop on what the heck crypto is, why people should pay attention to it, and if people should consider investing. Three industry insiders, Arianna Simpson, Jill Carlson, and Casey Caruso, helped us break down the basics in a conversation moderated by our very own Product Lead, Albert Cheng. You can catch the live stream here , or hear more about what our panelists had to say about this cryptic space by reading more below.

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9 Companies That Help Employees Pay For College

Although a high salary can certainly sway a qualified applicant, these days, it’s not just money that talks. In fact, recent data shows that most applicants surveyed said that benefits and perks would weigh heavily in their decision to accept a job offer.

In the age of the tech startup, images of snack-stocked company kitchens and on-site employee gym equipment often dance in HR professionals’ heads, even when they’re impossible to implement.

But as exotic as extras like travel stipends or gym membership remunerations may sound, help paying for college—or repaying student loan debt—can go a long way toward convincing an applicant to take the gig.

It’s no surprise, then, that some companies are adding help with tuition costs to their suite of employee benefits, along with standards like health insurance coverage and paid vacation. Here are the creative solutions a few modern companies have come up with.

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College Classes to Improve Your Financial Literacy

If you’ve spent any time lately reading about the financial issues affecting young adults, you may have come across news reports about the need to increase “financial literacy.”

Turns out, even the best and brightest college students and recent graduates aren’t necessarily skilled at managing their money—and they aren’t being provided with much education regarding basic financial concepts.

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Negotiating a Car Deal

Getting a new set of wheels can mean freedom on the road, but the process of buying a car inspires a less exciting image. The tricky car salesperson, the lightning-fast dealership sales, and the complicated negotiation process can be a less than thrilling, and even downright stressful, experience for the average buyer.

The good news is the stereotypes and misconceptions of negotiating a car sale can be easily dispelled. With a little bit of prep work, some determination, and a relaxed attitude, you can be a negotiation pro at the dealership.
Read on for some car-buying tips.

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