According to the Employee Benefits Institute, 59% of Americans 85 years and over have run out of money during retirement. You can be free of that worry, thanks to Savvly.
Nowadays, you can expect to live longer. And that’s a great thing. But running out of retirement funds because most of us live to be older is not.
If you don’t know how long you will live, how do you know how much to save? Should you make yourself miserable pinching pennies in your golden years? You don’t have to spend your retirement in fear and frugality.
Savvly gives you lump sum payments at the dates of your choosing, say after you turn 85. These payments replenish your retirement account, which lets you spend more freely and live more fully. And the good news is you don’t have to save more today than you already are. You simply redirect part of your savings into the Savvly platform and let out a sigh of relief.Yes! I want to retire earlier.
You might be wondering how Savvly can do this. It all began when an insurance industry executive (who happens to be a scientist and mathematician with a Ph.D.) recognized the retirement savings industry’s failure to protect American retirees and saw a possible solution.
Fortunately, a change in the regulatory landscape created a major new opportunity. The passage of the 2019 SECURE Act paved the way for a new way to save for retirement. So, our scientist-mathematician got together with some of his other industry executive friends. This high-level team of experts spent nearly two years working out the math to change retirement savings forever.
The result is Savvly, a revolutionary new way for Americans to pool their money together to create a new level of certainty for the future.
Mistreated by an archaic and uncaring insurance and retirement industry, millions of Americans will run out of money during their retirement. You can avoid being one of them. You can maximize the returns on your retirement savings and your financial security; and, you can stop being a source of profit exploited by insurers and asset managers.
Many of the biggest benefits administrators and 401K management companies have already signed on with us. This is because the Savvly team used to help run some of the world’s most well-known insurance and benefits companies. Their expertise in retirement systems and actuarial sciences gave them the insights needed to reshape how you save for retirement.Yes! I want more money for retirement
how much more
you can get at the age of your choice?
Use the Savvly Calculator to see for yourself.
Securing your future couldn’t be easier.
That’s it! It’s that easy.
You can start with as little as $10. Or, you can transfer a more significant sum all at once or in break in many smaller amounts. For example, a savings account you have been building up a while.
Yes. Savvly works well with many 401K/IRA/SEP retirement accounts. You can fund it anytime and at any age.
As long-time experts in the financial markets, we curate the best investment
companies. Savvly offers stable and long-term investments to secure your
savings. Because we are independent and not tied to any one company, we can
choose a broad selection of the best.
Some of the companies we offer include Vanguard, Fidelity, and Charles Schwab. We are also planning to add crypto index funds and other cutting-edge investment instruments.
To make your investment options even more effective, you can use our artificial intelligence engine to choose the best options for you.
Because this product runs counter to the interests of the insurance and high-fee asset management industry, Savvly will cannibalize their business. Many players sell annuities, which are very profitable products. Savvly will hurt their bottom line.
Our secret sauce is secret. We have developed an array of proprietary actuarial algorithms. We created these based on our combined 60 years of experience in finance and insurance. In addition, we added state-of-the-art technology like AI to optimize client outcomes. While all of this is a well-guarded secret, we will be filing for patent protection. You can feel safe knowing you are in a trustworthy and unique financial instrument. Yes, we also added common sense.
Yes. We work with the largest investment companies and use their investment funds. This allows us to offer safe places for your money to grow. You own your assets for as long as you are alive. Even if we disappear (and we won’t), you keep the amount you invested. It’s protected. This makes us 100% safe.
The money goes to protect those who need it. That’s why you want to invest only a small portion of your assets with us. Think of it like “retirement insurance” that will change your financial life. Get access to a financial lifeline when you get old, and spend more now because you know you are protected in the future.
No. This is for your protection. BUT, you can create a Savvly account for some else and protect them as well.
Not unless you create a joint account
If you need to access your money, you can withdraw the current value of the amount you invested, but only for the first two years after the investment. After two years, you should be comfortable leaving it in the fund until your payout date. Think of your invested money like an insurance premium you pay that lasts for the rest of your life.
Some exceptions allow for a penalty-free withdrawal.
We take a very small management fee, currently 0.25% per year off your contributions, and a small transaction fee at payout.