Blueprint Income was launched today, announcing $2 75 million seed investments led by Green Visor Capital and NextView Ventures, with the participation of Core Innovation Capital, Kairos, and Jean Chatzky, an angel investor, among others.
The flagship product of the company is Personal Pension, a guaranteed paycheck that lasts as long as you live. It is more accessible than traditional annuities because the Personal Pension is purchased in manageable installments over time. And unlike traditional pensions, Personal Pension does not require your employer to sponsor the plan.
Today’s U$27 trillion Oh, S The pension market is in desperate need of innovation Almost 2/3 of Americans are anxious to have enough money to live comfortably in retirement, according to AARP. As of 2016, half of working-age households are at risk of not being able to afford their current retirement standard of living, according to the Center for Retirement Research. And that’s despite being in the middle of the longest bull market of a generation.
“Retirement security in this country is undeniably inadequate,” said CEO Matt Carey. “The 401(k) was never intended to be the main vehicle for retirement. Having your entire retirement wrapped up in the stock market is an increasingly unsustainable solution If we don’t change the way we approach retirement, it will quickly become something that only the top 1% can afford to do. “That’s right.
Personal Pension guarantees retirement income without any worry about stock market volatility or fear of surviving your savings. And subscribers can continue to contribute when they switch employers or move between W2 and 1099 employees.
Personal Pension will do the same for annuities as mutual funds did for the stock market; reduce costs, improve transaction speed, and make it easy for anyone to sign up. Now buying guaranteed life income is as simple as buying a share of the stock
“Most of the products sold as annuities today are needlessly complex and are not intended to do what annuities do best; provide guaranteed lifetime income,” says Carey. “We’re bringing the annuity market to the 21st century “That’s right.
“Our company invests in technology companies tackling the serious problems of financial services Retirement security is such an important issue to address, and the Blueprint Income team has come up with a very innovative and viable solution,” says Mike Walsh, Green Visor Partner.
You can start a Personal Pension with just $5,000 and contribute as little as $100 in (optional) installments. Each contribution shall be locked in a guaranteed amount of monthly retirement income and shall continue as long as you live
“We helped our early clients purchase tens of millions of dollars worth of annuities, and we’re growing fast,” Carey shares. Blueprint Income products are guaranteed by rated A or better insurance companies, such as Omaha Mutual, Guardian, Integrity Life and more.
Chief Executive Officer Matt Carey previously served as Policy Advisor to the US Treasury Department with a focus on retirement security. He started the company with Adam Colombo and Nimish Shukla, alumni of Wharton School. The Blueprint Income team includes those with actuarial experience at New York Life and part of SoFi’s early engineering team. The company’s advisory board includes personal finance expert Jean Chatzky, Amazon’s Dean Foster, Google’s Kent Eisenhuth, former senior US Treasury officer Mark Iwry, and behavioral scientist Hal Hershfield, PhD.
Guarantees subject to claims-the insurer’s ability to pay Annuities are not insured by the FDIC The information provided is not intended as a recommendation to purchase an annuity. Income Blueprint, Inc. Is a registered fixed annuity producer in New York, New York. Income Blueprint, Inc. ‘Fixed annuity producers are licensed in all 50 states and the District of Columbia.
About the Blueprint Revenue
Blueprint Income is building the first digital retirement plan to ensure you don’t run out of money, no matter how long you live. The company is reinventing the annuity market as a replacement for pensions in a world dominated by 401(k) by creating a personal pension. The company was selected and recently participated in the third class of the Financial Solutions Lab, managed by the Center for Financial Services Innovation with JPMorgan Chase & Co. Visit www to learn more. Blueprint Revenue Come on,
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