In a world were the employee pension plan is a thing of the past, Matt Carey and the Blueprint Income team have a plan to reinvent the permanent income stream after retirement of the traditional annuity as a subscription service that can be bought in 60 second and only requires an initial investment of $5k.
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How to retire without running out of money
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Blueprint’s larger goal is to get into 401(k) plans and have employers make some, or all, of their matching contributions into annuities, just as Blueprint does. That would create a product similar to a defined benefit plan, lessening the dilemma of how to invest a lump sum from a 401(k). For now, Carey has no illusions about the challenge Americans face in deciding how to invest their savings so they won’t die poor. “In a world where employer pensions don’t exist, you need something that does the same thing,” Carey said. Otherwise, “retirement is going to become a luxury good.”
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