1. JD Spura, “Summary of Provisions in the Securing a Strong Retirement Act of 2021 | Groom Law Group, Chartered.”
2. Federal Reserve Bank of St. Louis. "Student Loans Owned and Securitized, Outstanding (SLOAS)." Accessed May 24, 2021. Student Loans Owned and Securitized, Outstanding (SLOAS) | FRED | St. Louis Fed (stlouisfed.org)
3. Business Insider, “In 2020, Baby Boomers Held Over 20% of Student Loan Debt.”
4. Wall Street Journal, “Over 60, and Crushed by Student Loan Debt.”
5. American Association of University Women (AAUW), “Deeper in Debt: Women & Student Loans,” Accessed June 21, 2021.
6. The Atlantic, “Why Men Are the New College Minority.” Accessed July 1, 2021.
7. Educationdata.org, “Student Loan Debt by Race,” June 9, 2021.
8. Brookings Institute, “Black-white disparity in student loan debt more than triples after graduation.” Accessed July 1, 2021.
9. Employee Benefit Research Institute (EBRI), “EBRI 2020 Workplace Wellness Survey,” Accessed March 18, 2021. https://www.ebri.org/docs/default-source/wbs/wws-2020/2020-workplace-wellness-short-report.pdf?sfvrsn=d60b3a2f_2
10. BenefitsPro, “Gender equity, student debt, and the pandemic.” March 19, 2021.
This material has been prepared for informational purposes only. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.
Morgan Stanley Smith Barney LLC is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley Smith Barney LLC (“Morgan Stanley”) of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice,” Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account.
Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.
© 2023 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 5468148 02/2023