Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:MarketWatch Hones in on Reynolds' Call for a Retirement Debate Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 25, 2012

MarketWatch Hones in on Reynolds' Call for a Retirement Debate

News summary by MFWire's editors

Robert Reynolds, CEO of Putnam Investments [profile], earlier this month has asked presidential candidate Mitt Romney and President Barack Obama to endorse tax incentives for retirement saving programs as well as to start the debate on Social Security, writes Robert Powell for MarketWatch.

Reynolds told Powell that:
If we solve the retirement challenge it would have a huge benefit for all Americans. If someone's future is secure, it allows them to do so much more with their lives.
Powell writes that this call to the presidential candidates has been left unanswered. Powell also looks at each candidates positions based on their websites and campaign materials.

Reynolds is quoted as saying that:

"Neither of the candidates has taken a stand on retirement security issues as they ought to. It's something that we strongly believe the American people should demand."

For Social Security, Romney's website states that for the future generations of seniors, the candidate is looking into increasing retirement age to account for increases in longevity and the benefits should grow but the rate should be lower for higher income individuals.

Based on Romney's website state:

"With just those two simple steps, an no change in benefits for those at or near retirement, America can guarantee the preservation of the Social Security system for the foreseeable future."

Obama on one hand, has six reforms. These reforms, Powell writes, are:
"Any reform should strengthen Social Security for future generations and restore long-term solvency; The Administration will oppose any measures that privatize or weaken the Social Security system; while all measures to strengthen solvency should be on the table, the Administration will not accept an approach that slashes benefits for future generations; no current beneficiaries should see their basic benefits reduced; reform should strengthen retirement security for the most vulnerable, including low-income seniors; and reform should maintain robust disability and survivors' benefits."
Powell's take on the matter is that both parties' candidates "threaten your retirement." 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use