Putnam Investments is addressing the need for customized retirement income withdrawal strategies through the launch of the Putnam Retirement Income Lifestyle Funds, a suite of three income-oriented mutual funds, and a Retirement Income Analysis Tool.
“The biggest hurdles Americans face in securing a quality retirement is first accumulating sufficient assets and then ensuring that those assets generate sustainable income for life,” said Robert L. Reynolds, president and chief executive officer of Putnam. “Putnam is offering the marketplace a thoughtful and intuitive approach that tries to provide a solid and sufficiently long runway for people to experience a dignified, financially secure retirement after a lifetime of working.”
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