July 23, 2010
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 [...]
May 6, 2010
Americans are having a hard time saving.
In a recent survey of 1,000 adults fielded by Putnam Investments in April, only 14% of respondents said they plan to fully fund their IRAs in 2010, compared with 23% who did fully fund their IRA in 2009.
That’s a significant decline.
Further, more than half of those who didn’t fund [...]
October 6, 2009
Millions of Americans are facing a huge problem: how to create sufficient income in retirement. Putnam CEO Robert L. Reynolds presented a solution at the National Investment Company Service Association’s October conference.
Review his presentation to see how Putnam is making workplace plans less volatile and helping people achieve more successful retirements.
Solving America's Lifetime Income Challenge
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July 7, 2009
If action is not taken to boost retirement savings — and substantially — a generation from now, millions of people could be short on funds to pay for food, medicine, and housing. Fortunately, the framework for a solution already exists in the form of America’s workplace savings plans.
June 4, 2009
The Defined Contribution system has been at the center of attention from Congress — and according to Putnam CEO Robert Reynolds, it can be made a much more robust, reliable part of solving America’s retirement challenge.
May 11, 2009
75 million American workers still lack any access to workplace retirement savings plans.
The decision to give up some control of assets is hard for many people to make and needs incenting.
Employers have little incentive to match workers’ contributions to 401(k) plans, and many are, in fact, canceling or reducing company matches.
Alternative investment strategies are offered on only a limited basis in many 401(k) plans, depriving workers of valuable solution strategies.
90% of plan participants are interested in embedded options to provide protected and insured lifetime income.
Talk to your financial advisor or call Putnam Investments at 1-800-225-1581 to find out which tax benefits best match your savings goals and what kind of asset allocation is right for you.
The views and opinions expressed are those of the Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, visit the prospectus section of putnam.com, call your financial representative, or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing.
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