Putnam Adds Asset Allocation Tool to Retirement Platform

Putnam Investments has added an asset allocation application to its Lifetime Income Analysis Tool, its retirement planning platform.

A Putnam news release said the asset allocation application enables 401(k) plan participants to model changes to the mix of assets in their retirement savings account and implement the changes in real-time.  The new asset allocation function provides participants with an analysis of likely investment outcomes for their account based on their asset class mix.

It also provides plan participants with the option of building their own portfolio to achieve their target asset allocation using the existing funds in their plan.