06.05.25

Clients Can't Plan for Retirement Like Their Parents Did: Principal's Sri Reddy

by: Chris Davis

Sri Reddy, senior vice president of retirement and income solutions at Principal Financial Group, says that unequal life expectancy, emotional decision-making and market swings are rewriting the rules of investing for retirement, forcing a rethink on everything from default plans to annuities. “Longevity isn't guaranteed. And it isn't uniform,” Reddy says. “Are you in a position to actually enjoy the fruits of your labor to spend the money?” That unpredictability stands in sharp contrast to past generations, he adds, when defined-benefit pensions made retirement more stable. “Now, we have to think about it differently.”

Read the full article on InvestmentNews