Maybe Guaranteed Access to Money Can Buy Some Happiness: Idea File

Maybe Guaranteed Access to Money Can Buy Some Happiness: Idea File

Sri Reddy (Photo: Principal Financial) Sri Reddy is one of the executives who’s helping U.S. life insurers promote the idea that retirement income guarantees matter.

Reddy is a senior vice president in retirement and income solutions at Principal. He’s in charge of the company’s retail annuity and pension risk transfer operations.

He has helped lead the effort to promote a white paper, developed by Michael Finke and Wade Pfau, that supports the position that combining a stream of guaranteed income, from an annuity or similar product, with cash from a diverse non-guaranteed portfolio sharply increases the probability of an individual still […]

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