A recent survey of Americans showed that a majority of
respondents (52 percent) said they need a clearer picture of the
income they will need to maintain the lifestyle they expect in
retirement. Yet an even greater number, 54 percent, said they did
not currently have a plan that identifies those needs, the income
that their retirement savings can be expected to produce or how to
generate the additional income needed to close any gaps.
The survey results were announced today at a Retirement Income
summit in New York, hosted by Putnam Investments, and attended by
financial advisors, retirement plan sponsors and consultants.
The initial findings in the poll of 1,496 Americans, conducted
for Putnam Investments, underscore the growing recognition that
many Americans fear they will not have the money necessary to
generate the income they will need in retirement and are unsure
what steps to take to close that gap. However, contrary to public
perception, respondents still had confidence in the markets. The
majority of those polled (75 percent) said they did not believe
that their investment portfolio had been permanently damaged by the
market collapse in 2008, and 66 percent of respondents said they
continue to invest in equities.
“Americans who are still in the workforce clearly have been
shaken by the economic turmoil of the past several years, and they
are understandably concerned about where that leaves them as they
approach retirement. Understandably, they are seeking help and
solutions to secure the income they will need in retirement,” said
Putnam President and Chief Executive Officer Robert L. Reynolds at
the firm’s event. “However, they haven’t lost faith in the markets
or in the resilience of the American economy.”
The Putnam-hosted summit included remarks by Reynolds; Jeffrey
R. Carney, Putnam Investments Head of Global Marketing, Products,
and Retirement; and Edmund F. Murphy, III, Managing Director, Head
of Defined Contribution, Putnam Investments. It also included a
panel chaired by Carney which featured practitioners and academics
including Shlomo Benartzi, Professor and Co-Chair of the Behavioral
Decision Making Group at UCLA’s Anderson School of Management;
Charles A. Ruffel, Founder and Director of Asset International/
PLANSPONSOR; Dallas L. Salisbury, President and CEO of the Employee
Benefits Research Institute; and Jeffrey L. Knight, Managing
Director, Head of Global Asset Allocation, Putnam Investments.
At today’s event, Putnam announced that it is launching a
revolutionary new framework that will change the lens through which
investors view their current retirement savings activities, placing
much greater focus on future income needs. Putnam’s Lifetime Income
SM Analysis Tool is a new approach that will help 401(k) plan
participants project how much income their current retirement
savings may generate in retirement compared to what they will need,
and then offer actionable recommendations.
Americans are highly concerned about how they will fare in
retirement
Fewer than one-quarter of respondents (23 percent) classified
themselves as “highly knowledgeable” when it comes to determining
how their savings will translate into income in retirement; similar
numbers of those who participate in defined contribution plans (24
percent) consider themselves to be highly knowledgeable.
A significant need for information
More than half of those polled (52 percent) said they needed a
clearer picture of how much income they will need in retirement,
and those enrolled in defined contribution plans (61 percent)
echoed those sentiments. Forty-four percent said they were unsure
about what type of investments are best to generate income in
retirement, and 47 percent of those in defined contribution plans
said they were unsure.
“The natural fears and concerns that permeate the thinking of
most investors saving for retirement are further pronounced given
the extreme market chaos witnessed in 2008. Any time you go through
a period of great economic stress, as we’ve been through, all
assumptions and conventional wisdom are thrown into doubt,” said
Carney. “This creates a tremendous need to fill that vacuum with
solid financial guidance that will minimize the doubt and
confusion. While investors will freely admit that they have a long
way to go to ensure secure retirements, their awareness can spur
them to more closely examine their income needs and take steps to
close any gaps.”
Putnam Investments and Retirement
In May 2009, Reynolds called on the financial services industry,
employers and government to join together to meet the nation’s
emergent retirement savings challenge – a shortfall in the income
Americans will need in retirement. Through what he termed
“Workplace Savings 3.0,” Reynolds proposed refocusing retirement
savings from accumulating assets to generating income in
retirement, and, additionally, strengthening 401(k)s and other
defined contribution workplace plans to more reliably deliver
lifelong income to workers.
Putnam recently launched a series of retirement initiatives,
including the Roth IRA Resource Center with a full range of
information about individual retirement account (IRA) conversions,
how to evaluate whether they make sense and how to perform them.
The Roth IRA Resource Center is aimed at financial advisors, who
are dealing with a flood of demand from their clients for advice on
conversions since a tax law change took effect on January 1, 2010,
eliminating income caps that restricted higher-income investors
from converting traditional IRA assets to Roth IRAs.
Putnam also has expanded the services it offers to 401(k)
retirement plans and developed products to meet the needs of those
planning for or already in retirement. The firm has created a
platform that provides flexible and scalable services and solutions
for advisors, consultants, and their plan sponsor clients in every
segment of the retirement market.
Putnam RetirementReady® Funds, the firm's suite of 10
target-date/lifecycle retirement funds, recently added target
Absolute Return Funds* to its mix of underlying investments.
RetirementReady Funds became the only suite of lifecycle funds to
integrate absolute return strategies, which seek positive returns
over time with less volatility than more traditional mutual funds.
Employed in retirement portfolios, Putnam Absolute Return Funds are
intended to pursue positive returns in up and down markets, to
protect against the harmful effects of adverse investment returns
and to reduce volatility, particularly for investors in or near
retirement.
Putnam Retirement Income Survey
The survey findings are based on a representative nationwide
sample of 1,496 U.S. adults, age 22-plus, polled online from
January 12 – 17, 2010, by Braun Research. The margin of error was
+/-2.5 percent.
About Putnam Investments
Founded in 1937, Putnam Investments is a leading global money
management firm with over 70 years of investment experience. As of
December 31, 2009, Putnam had $115 billion in assets under
management. Putnam has offices in Boston, London, Frankfurt,
Amsterdam, Tokyo, Singapore, and Sydney. For more information, go
to putnam.com.
Putnam mutual funds are distributed by Putnam Retail
Management.
* Putnam's target Absolute Return Funds are not intended to
outperform stocks and bonds during strong market rallies.
Putnam Investors Fund Class A Shares (MM) (NASDAQ:PINVX)
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過去 株価チャート
から 1 2024 まで 1 2025
