Today, many people are looking to save money wherever they can. But they may not be focused on what they’re saving for. In an environment where saving for a secure retirement can be a struggle, workers may benefit by looking … Continue reading
Constraining retirement savings would be a policy mistake
Among the many ideas offered on Capitol Hill to curb government spending and reduce the national deficit are proposals to limit tax deferrals for retirement savings. Considering the role that retirement savings play not only for individuals, but also in … Continue reading
In the debt ceiling debate, Social Security, Medicare reform must remain a priority
The nation’s finances have become a priority in Congressional debate as our mounting debt reached the $14.29 trillion mark in mid-May, hitting the existing debt ceiling. Unless Congress acts to lift the debt ceiling, the borrowing authority of the U.S. … Continue reading
Meeting America’s Solvency Challenge
Edited from a speech given to the Investment Advisor Association, Boston, Massachusetts, on April 28, 2011 We all know in our bones that America’s future economy has to be very different from our recent past. We can’t go back to … Continue reading
Retirement Leader of the Year
We at Putnam were honored as the inaugural recipient of the “Retirement Leader of the Year” award at the 18th Annual Mutual Fund Industry Awards. This recognition cited our leadership initiatives and innovative solutions in the workplace savings arena, including … Continue reading
Challenge and Innovation
While the defined contribution system continues to evolve, this year marks a notable inflection point: The oldest baby boomers are turning 65 at the rate of about 7,000 a day, and now have to convert their savings into reliable sources … Continue reading
Retirement system at an inflection point
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
Solving for the Holy Grail: Public and Private Innovation to Meet America’s Lifetime Income Challenge
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
Move Public Employees Into 401(k)s?
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
2011 payroll windfall: Save or spend?
The new federal tax law will reduce the Social Security payroll tax by 2% this year. Depending on income, that could add up to more than $2,000 for some taxpayers over the course of 2011. While such unexpected cash could … Continue reading
