Robert Reynolds' "vaccine against poverty" in retirement is a three-fold solution: access to a workplace retirement plan, participation in that plan, and commitment to a 10 percent or more deferral rate.

Reynolds, president and CEO of Putnam Investments, spoke Monday at the 4th annual Retirement Income Symposium in Boston.

According to a recent Putnam poll, Reynolds noted, there was a huge variance between the most- and worst-prepared savers. Those who are best prepared have been able to accumulate and replace 126 percent of their income by the time they hit retirement. The worst may, at best, replace 46 percent.

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