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Fortune sat down with Benna to discuss how the 401(k) has evolved since it became mainstream in the 1980s, the death of pensions, who the plan works best for, and the future of retirement in the U.S..
About 35% of working Americans currently have 401(k)s, making it the most utilized retirement option, according to a 2020 census report. But that investment vehicle, beloved by employers across ...
In 2009, according to a Putnam press release, Reynolds designed a 10-point plan and launched an effort calling for public and private collaboration to strengthen the nation's retirement system. That year, Putnam launched the industry's first suite of absolute return funds available to U.S. retail investors and re-entered the institutional ...
Governmental employers in the United States (that is, federal, state, county, and city governments) are currently barred from offering 401(k) retirement plans unless the retirement plan was established before May 1986. Governmental organizations may set up a section 457(b) retirement plan instead.
Contributing to a 401(k) plan is an important way to save for retirement. The funds in a 401(k) are invested, generally in mutual funds, exchange-traded funds (ETFs), or target date funds ...
In 2011, the Vermont legislature passed act R-107 to honor Putnam. In 2010, Putnam won the second highest civilian award, the Presidential Citizens Medal, the first conservationist to win the honor. 1982 - President Reagan - President's Volunteer Action Award; 1982 - Student Conservation Association - 25th Anniversary Award
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