Blueprint Income Launches with the Personal Pension, Reinventing Annuity Market

Published March 1, 2018

NEW YORK, NY (March 1, 2018) – Blueprint Income launched today, announcing a $2.75mm seed investment led by early stage VC firms Green Visor Capital and NextView Ventures, with participation from Core Innovation Capital, Kairos, and angel investor Jean Chatzky, among others.

The company’s flagship product is the Personal Pension, a guaranteed annuity paycheck that lasts as long as you live, so that you don’t run out of money in retirement. And it’s accessible to all. Unlike traditional annuities, the Personal Pension is purchased over time in manageable installments. And, unlike pensions, the Personal Pension doesn’t require your employer to sponsor the plan.

Today’s $27 trillion U.S. retirement market is in desperate need of innovation. Nearly 2/3 of Americans feel anxious about having enough money to live comfortably in retirement. 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 at Boston College. And that’s despite being in the midst of the longest bull market in a generation.

“Let’s be honest — we know retirement security in this country is inadequate,” says CEO Matt Carey. “The 401(k) was never meant to be the main vehicle we used for retirement. Having your entire retirement wrapped up in the stock market is an increasingly untenable solution. If we don’t drastically change how we approach retirement, it will quickly become something only the top 1% can afford to do.”

Like the old employer-based pensions, the Personal Pension provides a guarantee of annuity retirement income with no worries about stock market volatility or fear of outliving your savings. Best of all, it can be purchased within an IRA or with post-tax funds, so users are able to continue contributing when they switch employers or move between the W2 and 1099 workforces.

The Personal Pension is the future of the annuity market. It will do the same thing for annuities that mutual funds did for the stock market — bring down costs, improve transaction speed, and make it easy for anyone to sign up. With Blueprint Income, buying guaranteed lifetime income is as simple as purchasing a share of stock.

You can start a Personal Pension with a commitment of as little as $5,000, with the option to continue contributing on a subscription basis in increments as small as $100. Each contribution locks in a guaranteed amount of annuity monthly income that starts at the retirement date you choose, and continues as long as you live.

“Fixing the annuity market is long overdue. 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. “It’s time to bring the annuity market into the 21st century. With the Personal Pension, we’re doing just that.”

“We’re very excited about early results. The world needs what Blueprint Income is building,” says Mike Walsh, Partner at Green Visor.

“During our beta, we helped our clients purchase tens of millions of dollars worth of annuities, and we’re rapidly growing.” shares Carey. Blueprint Income’s products are guaranteed by insurers Rated A or better, such as Mutual of Omaha, Guardian, Integrity Life and other leading insurers in this market.

CEO Matt Carey served previously as a Policy Advisor at the US Treasury Department with a focus on retirement security. He started the company with Adam Colombo and Nimish Shukla, fellow Wharton School alumni. The Blueprint Income team includes those with actuarial experience at New York Life and part of the early engineering team from SoFi. The company’s advisory board includes personal finance expert Jean Chatzky, Amazon’s Dean Foster, Google’s Kent Eisenhuth, former senior US Treasury official Mark Iwry and behavioral scientist Hal Hershfield, PhD.

Guarantees subject to claims-paying ability of the insurer. Annuities are not FDIC insured. The information provided is not intended to be a recommendation to purchase an annuity. You are strongly urged to consult with financial planning, tax, and legal advisors to determine if an annuity is suitable in your financial situation. Blueprint Income, Inc. is a registered fixed annuity producer in New York, NY. Blueprint Income, Inc.’s fixed annuity producers are licensed in all 50 states and The District of Columbia.

About Blueprint Income

Blueprint Income is building the first digital retirement plan that guarantees you won’t run out of money, no matter how long you live. The company is changing the future of retirement by reimagining the pension in a 401(k) world, and creating a Personal Pension plan that’s accessible to everyone. 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 partner JPMorgan Chase & Co. To learn more, visit

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Blueprint Income

Blueprint Income

Financial Planning Professional

We are a team of finance, insurance, and actuarial professionals working to make it easier for everyone to achieve a steady and comfortable retirement. We write about annuities (the good and the bad) and provide strategies to help Americans prepare for retirement.

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