Retire Easy with a Private Pension

Published July 7, 2017
You can retire easy and secure with a private pension (Personal Pension) because our Personal Pension is backed by a highly-rated insurance company that guarantees for every dollar you contribute, you will receive a certain amount of income every month starting when you retire.
  • You can retire easy as the Personal Pension makes planning for retirement simpler and safer.
  • You can retire easy with the Personal Pension as you can make monthly contributions for as little as $100 a month.

Retire easy with the Personal Pension, the first of its kind retirement product.

Unlike an income annuity where you pay in all at once, you make contributions to the Personal Pension with as little as $100 a month over your working life, with each contribution buying you a predetermined amount of future annuity income. You can put away money towards your Personal Pension just like you would into your 401(k) or IRA accounts, but instead of investing in the market your savings go directly towards a pre-determined income stream in retirement, a better way to retire easy.

There are two major benefits of a Personal Pension that help you retire easy and securely:

  1. Your savings that need to support you in retirement aren’t exposed to the market, and;
  2. Once you start receiving income payments, they won’t stop till you do. Just like income annuities, you can even choose a host of features to improve the guarantee on your Personal Pension and choose beneficiaries to leave any unused money to.

It also helps you retire easy as works hand in hand with the retirement savings you already have. You can fund the Personal Pension with any pre-tax or post-tax money you already have saved. We’ll also never suggest that you cancel your 401(k) — because most employers match contributions and it’s a great way to save money for discretionary spending, especially early in your career. We believe that the Personal Pension is best used to secure basic spending needs (food, home, and predetermined medical expenses) that you’ll need in retirement regardless of how long you live, while your 401(k) can grow in the market and can cover all the extra stuff.

We work with the top insurance companies (A, A+ and A++ companies) to diversify your contributions over insurers, to guarantee the highest income in retirement and keep your savings safe. We also accept lower commissions from some (but not all) insurers in order to pass along better pricing to you. In instances where this isn’t possible, we provide the same payouts as you’d receive when buying the annuity elsewhere. The commission is paid by the insurer, so the payouts you get are exactly what you’re quoted.

You can get started with our Diagnostic Tool, which will project your income needs in retirement based on some basic information and suggest funding plans that are within your means. You can even customize it to how you want — this is all about you!

The Personal Pension makes planning for retirement simpler and safer.  It helps you retire easy, as retirement should be the time you finally relax, not the years you spend worrying about your spending and whether your savings will run out. 

How Can I Start a Personal Pension?

A Personal Pension is a contract between you and top rated insurance companies. By making contributions to your Personal Pension over time, you develop a portfolio of guaranteed income available in retirement. Blueprint Income offers a Personal Pension account with the lowest minimum, $5,000. After opening an account, you can make subsequent contributions of as little as $100, each of which will increase your pension check.

Here you can see what contributing to a Personal Pension will guarantee you in retirement income. After just a few years in retirement, you’ll have recouped your initial investment, and the rest will be profit.

You can continue with the enrollment process on your own or fill out the information to have one of our specialists follow up with you by starting with the Personal Pension Builder, where you’ll be able to set a goal for how to grow your pension over time. Note that all future contributions are optional, but it’s always great to have a goal.

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Lauren Minches

Lauren Minches

Financial Planning Professional

Lauren is an actuary by training with expertise in retirement, finance, and risk. She writes about annuities to make them easier to understand and evaluate. Her goal is to help people create retirements with more time for living and less time thinking about money.