Putnam Investments CEO Bob Reynolds has not been shy about pushing to fix America’s broken retirement savings system. And now, he’s offering three steps that could shore up retirement security while conducting an online campaign to keep the conversation going on retirement security in the U.S.
Believing that today’s retirement savings challenge is too big for any one company or industry to solve, Reynolds has launched a Retirement Savings Challenge that asks people to comment on America’s existing workplace savings plans “because we believe they can become a more reliable foundation for our nation’s retirement system.”
This isn’t the first time that Reynolds has urged Americans to engage in the retirement debate. In May 2012 at a retirement security benefit forum in Washington sponsored by the Financial Services Roundtable, he said that though tax reform would be a top priority in 2013, both retirement planning officials and average Americans must press lawmakers also to put Social Security reform on top of their list.
“We should engage in a full debate [with lawmakers] on ways to make Social Security solvent,” Reynolds said at the time.
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Now, along with his Twitter feed, @RobertLReynolds, where he offers his thoughts on retirement security and the latest Putnam research, Reynolds is blogging regularly about issues such as savings access for all workers, how rising health-care costs shape retirement planning and auto-enrollment features in 401(k) plans.