Advisor-only Webcast | Planning as the pandemic response evolves | July 9, 2020 | 1:15pm ET

Europe displays rare unity over relief fund

Putnam Perspectives

Europe displays rare unity over relief fund

Germany and France — in what some have claimed is a breakthrough — have proposed establishing a recovery fund for countries hit hardest by the coronavirus pandemic. European Union leaders plan to meet in July on a €750 billion initiative that would involve the issuance of common debt. It would be a significant step toward closer economic ties.

RMD waiver expanded for all investors in 2020

Wealth Management Ideas

RMD waiver expanded for all investors in 2020

The IRS released new guidance that expanded the RMD waiver for use by all investors in 2020.

REFINITIV LIPPER FUND AWARDS

George Putnam Balanced Fund (PGEJX) R6 shares

Best Fund over 3 years and 5 years

Mixed-Asset Target Allocation Moderate Funds category

Putnam Income Fund (PINHX) R6 shares

Best Fund over 3 years

Core Bonds Funds category


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Capital Markets Outlook  |  Q2 2020

Markets wrestle with policy versus the pandemic

Markets wrestle with policy versus the pandemic

We are looking for progress in public health and credit market indicators as policy responds to the economic shock surrounding the pandemic and efforts to contain it.

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Fixed Income Outlook  |  Equity Outlook

Advisor Tech Tips

Advisor survey: What are your peers’ best practices during the COVID-19 crisis?

Advisor survey: What are your peers’ best practices during the COVID-19 crisis?

Four months into the COVID19 pandemic, social distancing and work-from-home have become routine for financial advisors and many of their clients. But it wasn’t always that way.

Headlines you need to know this week   —   June 30, 2020

Regulators focus on use of ESG funds in retirement plans
The Department of Labor is proposing a new rule that would clarify the standards for the use of ESG (environmental, social, and governance) funds in retirement plans under ERISA (Employee Retirement Income Security Act). The proposal also includes some additions to the regulation. The DOL has established a 30-day comment period.
Staying at home helps savers
Staying at home due to the pandemic may help some adults save more. In a recent survey, 65% of Millennials said that staying at home helped them save more money. An increase in online shopping did not eclipse their savings. Nearly 70% of respondents said they were spending less money overall. Also, 20% of respondents said they plan to start investing.
Retirees may forget to save for taxes
Many investors are examining their retirement plans due to the pandemic. A recent survey found that 59% of respondents are more worried today about paying taxes in retirement than prior to the crisis. About 38% said the pandemic is forcing them to retire earlier or later than they had planned. Among respondents, 63% said it is important to develop a financial plan with a tax strategy.

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