He started the company with Adam Colombo and Nimish Shukla, fellow Wharton School alumni. Blueprint Income's products are guaranteed by insurers Rated A or better, such as Mutual of Omaha, Guardian, Integrity Life and more.ĬEO Matt Carey served previously as a Policy Advisor at the US Treasury Department with a focus on retirement security. "We've helped our early clients purchase tens of millions of dollars worth of annuities, and we're growing rapidly," shares Carey. Each contribution locks in a guaranteed amount of monthly retirement income and continues as long as you live. You can start a Personal Pension with just $5,000, and contribute in (optional) installments as small as $100. Retirement security is such an important problem to address, and the team at Blueprint Income has come up with a very innovative and viable solution," says Mike Walsh, Partner at Green Visor. "Our firm invests in technology companies tackling substantive problems in financial services. "We're bringing the annuity market into the 21st century." "Most products sold as annuities today are needlessly complex and aren't intended to do what annuities do best - provide guaranteed lifetime income," says Carey.
Now buying guaranteed lifetime income is as simple as purchasing a share of stock. The Personal Pension will do the same thing for annuities that mutual funds did for the stock market - bring costs down, improve transaction speed, and make it easy for anyone to sign up. And subscribers are able to continue contributing when they switch employers or move between W workforces. The Personal Pension provides a guarantee of retirement income with no worries about stock market volatility or fear of outliving your savings. If we don't change how we approach retirement, it will quickly become something only the top 1% can afford to do." Having your entire retirement wrapped up in the stock market is an increasingly untenable solution. "The 401(k) was never meant to be the main vehicle for retirement. "Retirement security in this country is undeniably inadequate," says CEO Matt Carey. And that's despite being in the midst of the longest bull market in a generation. As of 2016, half of working-age households are at risk of being unable to afford their current standard of living in retirement, according to the Center for Retirement Research. Nearly 2/3 of Americans feel anxious about having enough money to live comfortably in retirement, according to AARP. retirement market is in desperate need of innovation. And unlike traditional pensions, the Personal Pension doesn't require your employer to sponsor the plan. It's more accessible than traditional annuities because the Personal Pension is purchased over time in manageable installments. The company's flagship product is the Personal Pension, a guaranteed paycheck that lasts as long as you live. NEW YORK, Ma/PRNewswire/ - Blueprint Income launched today, announcing a $2.75 million seed investment led by Green Visor Capital and NextView Ventures, with participation from Core Innovation Capital, Kairos, and angel investor Jean Chatzky, among others.
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