Profile

Kyle Turner
Show my name on the attendees list for events I am attending: Yes
Design quotient
Research
0pt
Idea
8pt
Evaluation
0pt
Collaboration
10pt
Total
18pt
This is a promising idea but I have one major concern. This type of product would rely on someone who has already saved well for the 'buy in'. These customers would essentially be choosing to convert a portion of their retirement savings into a pension that would guarantee a fixed monthly payment. You stated that half the workforce does not have a 401k. Where do you envision a majority of the funds needed for the buy in coming from? This looks like it will help diversify those who have previously saved well but will have too steep of an entry for those who are unprepared for retirement. Do you envision alternative collateral (such as a house) being used for the 'buy in'?
Kyle commented on Leverage the trust people have in credit unions to create personal pensions. [1/20: Persona's, User Feedback, Prototype in Attachmts]