A recent study released by the Employee Benefit Research Institute (EBRI) found that nearly half of early baby boomers are at risk of running short of money they will need for essential expenses in retirement.
In fact, 47.2% of the oldest group of boomers — those age 56 to 62 and closest to retirement — are [...]

There are lessons to be learned from the sovereign debt issues that grew worse in recent weeks in Greece and other EU countries.
First, the investment environment is global and we all need to adapt.
And second, the United States must get its own fiscal house in order.
The Congressional Budget Office projected that our national debt will [...]

Investors in 401(k) plans may soon receive more detail about the fees involved in their plans if new regulations around fee disclosure are approved.
The Department of Labor is expected to issue regulations this month that will detail how service providers should disclose fees to plan sponsors. Additional guidance on how plan sponsors should disclose fees [...]

Robert L. Reynolds speech to the Detroit Economic Club

Speaking on April 14 at the Detroit Economic Club, Putnam CEO Robert L. Reynolds called for President Obama to create a bipartisan commission to come up with a plan to make Social Security solvent.
Reynolds cited a recent Putnam survey in which nearly 70% of respondents said they believe it is vital for politicians to act [...]

President Obama recently called for a change in rules to allow the use of annuities as investment options within 401(k) plans.
Annuities are insurance agreements that provide a guaranteed income stream in retirement.
A fact sheet released by the Administration’s Middle Class Task Force noted that 401(k) regulations need to be updated to improve transparency and reliability. [...]

Target-date retirement funds are on the agenda this year on Capitol Hill as federal lawmakers and regulators promise to review how the funds are structured and sold.
Designed to be a one-stop solution for investors, target-date retirement funds use a mix of stock and bond funds with dynamic allocations that shift over time, typically becoming more [...]

Addresses Social Security solvency, universal coverage in workplace savings
Speaking at the National Institute on Retirement Security in Washington, D.C., on February 2, 2010, Robert L. Reynolds, President and Chief Executive Officer of Putnam Investments, urged Congress and the Obama administration to launch a comprehensive effort this year to strengthen all of America’s retirement savings [...]

Putnam CEO Robert Reynolds recently outlined his vision for transforming the retirement savings industry to better help investors create stable streams of income in retirement. One potential key to strengthening the system? Combining traditional mutual funds, absolute return strategies, and guaranteed income products into one seamless solution. Read the text from his speech, given at [...]

Robert L. Reynolds talked to CNBC about a Putnam-sponsored survey on investors’ attitudes toward retirement investing and his views on the future of retirement saving in America.

The views and opinions expressed are those of Robert Reynolds, President and CEO of Putnam Investments, are subject to change and are not meant as investment advice. Mr. Reynolds is affiliated with Putnam Retail Management.