SOURCE: Putnam Investments

Putnam Investments

March 23, 2010 13:46 ET

Putnam Investments Officially Launches Roth IRA Blog and Makes New Roth IRA Conversion Evaluator Broadly Available

Conversion Evaluator and Roth IRA Blog Designed to Provide Investment Community With Greater Insight Into Roth IRA Conversion

BOSTON, MA--(Marketwire - March 23, 2010) -   As part of the firm's continued focus on providing critical practice management tools to advisors, Putnam Investments today announced that it is making its interactive Roth IRA Conversion Evaluator available to both advisors and their clients to help in determining whether to convert from a Traditional IRA to a Roth IRA. The Roth IRA Conversion Evaluator, previously available only to financial advisors, is featured on a new blog Putnam has created to keep financial advisors and investors alike informed about developments in Roth IRAs (

The Roth IRA Conversion Evaluator, which can be accessed directly at, differs from traditional conversion calculators. This interactive, visually impactful tool is designed to facilitate discussion between advisors and their clients on the merits of a Roth IRA conversion. The Conversion Evaluator results are displayed on a spectrum of how strongly investors should consider a Roth IRA conversion, reflecting a host of factors including age, current investments, tax situation, and legacy wishes. The Conversion Evaluator attempts to provide a better understanding on how specific situations affect the overall decision.

The Conversion Evaluator is complemented by Putnam's Roth IRA blog which seeks to offer comprehensive, actionable information about Roth IRAs, conversions from traditional IRAs and other retirement and estate planning issues, including informative commentary by experts including Chris Hennessey, Attorney, CPA, and Faculty Director of the Babson College School of Executive Education, and William Cass, Putnam Investments Senior Vice President, Putnam Retail Management.

"Now that higher-income investors are eligible to convert to Roth IRAs, they need to understand whether such conversions make sense for them. Our new Roth IRA Conversion Evaluator provides a quick and visual analysis, to stimulate a thoughtful conversation with a financial advisor or tax professional," said Cass. "With growing interest in Roth IRAs following this year's tax law change enabling conversions by higher-income investors, our Conversion Evaluator and Roth IRA blog respond to growing demand to assist advisors in their work with clients around these complex decisions."

Putnam Investments and Retirement

The Roth IRA Conversion Evaluator and Roth IRA Blog are part of Putnam's deepened commitment to the retirement market. Putnam's President and Chief Executive Officer, Robert L. Reynolds, himself a 30-year retirement industry veteran, has called for sweeping reforms to help meet the nation's emergent retirement savings challenge.

The announcement of the Roth IRA Conversion Evaluator complements previous developments in retirement by Putnam, including the launch of a content-rich Roth IRA Conversion Resource Center targeted at advisors, brokers and other financial professionals.

Putnam also has expanded the services it offers to retirement plans and developed products to meet the needs of those planning for or already in retirement. The firm has created a platform that provides flexible and scalable services and solutions for advisors, consultants, and their plan sponsor clients in every segment of the retirement market.

Among the other products and services Putnam has introduced to assist retirement plan participants is a has introduced to assist retirement plan participants is a Lifetime Income™ Analysis Tool which shows 401(k) plan participants project how much income their current retirement savings may generate in retirement compared to what they may need, and then offer actionable next steps.

Putnam RetirementReady® Funds, the firm's suite of 10 target-date/lifecycle retirement funds, recently added target Absolute Return Funds* to its mix of underlying investments. RetirementReady Funds became the only suite of lifecycle funds to integrate absolute return strategies, which seek positive returns over time with less volatility than more traditional mutual funds. Employed in retirement portfolios, Putnam Absolute Return Funds are intended to pursue positive returns in up and down markets, to protect against the harmful effects of adverse investment returns and to reduce volatility, particularly for investors in or near retirement.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. The firm was recently ranked #1 out of 61 fund families based on its funds' performance during 2009 in a Lipper/Barron's Fund Families Survey. At the end of January 2010, Putnam had $113 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore, and Sydney. For more information, visit

Putnam mutual funds are distributed by Putnam Retail Management.

* Putnam's target Absolute Return Funds are not intended to outperform stocks and bonds during strong market rallies.

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