A world of investing for retirement™
What some investors may not realize about the retirement savings challenge is that we have already solved a major part of it — how to build up a solid nest egg. Since the Pension Protection Act of 2006, key plan … Continue reading
Edited from a speech given by Robert L. Reynolds, President and Chief Executive Officer of Putnam Investments, to the Retirement Income Industry Association, Chicago, Illinois, on March 22, 2011. Public and Private Innovation to Meet America’s Lifetime Income Challenge
States across the country are struggling with the problem of underfunded defined benefit plans for employees, and may look to offer other options in the future. In a recent “Room for Debate” feature in The New York Times, some of … Continue reading
New data from the U.S. Census Bureau has revealed a disturbing fact: 16.1% of people over age 65 were living in poverty in 2009. This new estimate that takes into account health-care costs and other expenses using a revised formula … Continue reading
The incoming Congress will have new opportunities to forge a path of sustainable growth for America, and comprehensive retirement reform should be the foundation of that effort. The importance of a strong retirement system cannot be overstated. Retirement savings account … Continue reading
Industry and government made major strides toward meaningful reform of the nation’s retirement system in 2010. Consider the progress on some key issues for investors: The opportunity to fix Social Security has moved from a political “third rail” to front … Continue reading
America at a turning point Our country is at a historic inflection point between decline and renewal, and the whole world is watching us. We can either keep drifting toward what has been called the “most predictable economic crisis” in … Continue reading
There’s a rising wave of interest in Washington to curb deficit spending and strengthen our retirement system. With the November 11 release of a preliminary proposal from President Obama’s commission on the deficit, clearly the Social Security system is part … Continue reading
Fee transparency is both the right of every retirement plan participant and the obligation of every plan provider. Today at Putnam Investments, we launched a program to provide comprehensive disclosure of fees and expenses for participants in our 401(k) plans. … Continue reading
Workers are struggling to save for retirement, and the future is filled with uncertainty about whether their savings will be enough even to pay for basic expenses. A proposal to automatically enroll workers currently without a workplace savings plan like … Continue reading
