A recent survey of 3,300 working Americans conducted by Putnam Investments disclosed that American households are on track to replace only about 64% of their current income in retirement -- significantly less than the 75% of income that most financial professionals recommend.
To help address that problem, Putnam, a leading money management firm based in Boston, announced Wednesday that it is making available to client plan sponsors and their financial advisors a product called Lifetime Income Score, a tool it says will give employers and their advisors a way to help boost employees’ retirement savings.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access