A world of investing for retirement™
Working with a financial advisor is one of the top three drivers of retirement savings success, according to Putnam’s latest Lifetime Income Score survey. In addition to the benefits of professional advice, the study found that access to a workplace … Continue reading
Americans are on track to save 61% of their current income in retirement, according to Putnam’s latest Lifetime Income ScoreSM survey of retirement preparedness. The study also found that savings behavior, especially having a commitment to saving, remains one of … Continue reading
Aiming to demonstrate “better ways to promote saving,” the Brookings Institution has touted a retirement incentive reform proposal that could, ironically, reduce access to workplace savings — especially among low-to-moderate income Americans. The proposal calls for “capping” tax breaks for … Continue reading
1. National solvency must be a priority. Restoring this nation’s fiscal health is my top wish for Congress to act on in 2013. While the last-minute deal to “fix” the fiscal cliff dilemma may have eased the pressure from rising … Continue reading
While millions of Americans are saving for retirement through employer-sponsored savings plans, nearly half of the nation’s workforce still does not have access to a plan at work. Federal legislation to address this coverage gap was introduced in Congress more … Continue reading
As Congress works to finalize what may likely be a temporary fix to the nation’s burgeoning debt problem, it seems clear that broader federal tax reform will be on the Capitol Hill agenda in 2013. Even if policymakers successfully address … Continue reading
While some investors made a shift away from stocks and bonds last year, those working with financial advisors moved less to cash, Putnam research found. In the Putnam Lifetime Income Score survey of 3,958 working adults conducted with Brightwork Partners, … Continue reading
Many challenges face America’s retirement system including a demographic transition to an aging population, implementing enhancements to the defined-contribution system, and the need to expand access to retirement savings plans for millions of workers who are not currently offered workplace … Continue reading
Even in a sluggish economy, most participants in employer-based defined contribution (DC) retirement plans stayed invested in the past year, according to the Putnam Lifetime Income Score survey of 3,958 working adults, conducted with Brightwork Partners. In fact, overall retirement … Continue reading
In 2011, Putnam introduced the Lifetime Income ScoreTM, a tool for helping households estimate the level of income that they are currently on track to replace in retirement, in partnership with Brightwork Partners. The 2012 survey presents an update on … Continue reading