--- title: Disrupting a $36 Trillion Industry description: Welcome to the Life is Rich Roundup. Allow us to introduce ourselves. We’re Savvly and we’re on a mission to create the world’s first market-driven pension image: https://blog.savvly.com/hubfs/Life%20is%20Rich%20Image.png --- ###### [Life is Rich](https://blog.savvly.com/tag/life-is-rich) # Disrupting a $36 Trillion Industry ![Team Savvly](https://blog.savvly.com/hs-fs/hubfs/SAVVLY%201000x1000.jpg?width=48&height=48&name=SAVVLY%201000x1000.jpg) By Team Savvly ![TimeIcon](https://23722879.fs1.hubspotusercontent-na1.net/hubfs/23722879/Icons/clock-icon-white.png) 3min ![DateIcon](https://23722879.fs1.hubspotusercontent-na1.net/hubfs/23722879/Icons/calendar-icon-white.png) Apr 26, 2024 Share - - - [mailto:?subject=Check%20out%20https://blog.savvly.com/disrupting-a-36-trillion-industry&body=Check%20out%20https://blog.savvly.com/disrupting-a-36-trillion-industry&media=https://41345655.fs1.hubspotusercontent-na1.net/hubfs/41345655/Life%20is%20Rich%20Image.png](mailto:?subject=Check%20out%20https://blog.savvly.com/disrupting-a-36-trillion-industry&body=Check%20out%20https://blog.savvly.com/disrupting-a-36-trillion-industry&media=https://41345655.fs1.hubspotusercontent-na1.net/hubfs/41345655/Life%20is%20Rich%20Image.png) Hello, world! Welcome to the Life is Rich Roundup. Allow us to introduce ourselves. We’re Savvly, and we’re on a mission to create the world’s first market-driven pension system. Why? Because the retirement system is broken and people need better options so they don’t die in poverty. And because the industry is BORING with little to no innovation in the last 50 years. We’re here to shake things up. While everyone is talking about AI, crypto, and tech, the sleepy $36 TRILLION retirement industry is sitting right under our noses, just hanging out and waiting for change. So why should you subscribe to this newsletter? We’ll share interesting, curated articles in the untapped retirement space, as well as sharp investing and longevity news. We’ll also share things we think are cool, just because. And you’ll be the first to know about our market-driven pension that’s coming soon. Let’s dive in. ### **BlackRock’s Paycheck For Life** ![image](https://blog.savvly.com/hubfs/image.avif) [Picture by ](https://www.blackrock.com/us/individual/investment-ideas/retirement-income-solutions?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry)[BlackRock](https://www.blackrock.com/us/individual/investment-ideas/retirement-income-solutions?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) Last month, [Larry Fink’s annual letter to investors](https://www.blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) focused on retirement and the need for change. He says the move from pensions to 401(k)s represents an impossible math problem. > *“The shift from defined benefit to defined contribution has been, for most people, a shift from financial certainty to financial uncertainty.”* > > - Larry Fink We couldn’t agree more, Larry. So, we’re not surprised that BlackRock unveiled their [new retirement offering](https://www.blackrock.com/us/individual/investment-ideas/retirement-income-solutions?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) this week. Basically, it will give the option to invest in an annuity within an employer-sponsored retirement plan. It can give you a “paycheck for life” and peace of mind. We aren’t the biggest fan of annuities (see [why we created Savvly](https://www.savvly.com/vision?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry)) but we love to see new retirement solutions coming on the scene. The more options, the better. # **Leftover Money by Age and Education** ![image (1)](https://blog.savvly.com/hubfs/image%20(1).avif) [Chart by ](https://www.visualcapitalist.com/charted-who-has-savings-in-this-economy/?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry)[Visual Capitalist](https://www.visualcapitalist.com/charted-who-has-savings-in-this-economy/?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) Interesting visual of adults with money to save at the end of each month. Not surprisingly, the older the respondent, the more stable their finances. Higher education also dramatically improves the chances of extra disposable income. See more [here.](https://www.visualcapitalist.com/charted-who-has-savings-in-this-economy/?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) ### **DOL Rule Protects Investors’ Retirement Savings** The U.S. Department of Labor finalized its Retirement Security Rule to protect the millions of workers saving for retirement. It requires trusted investment advice providers to give honest advice free from overcharges. These fiduciaries must provide high standards of care when they recommend investments and avoid bad recommendations and harmful conflicts of interest. TLDR: the retirement system is slowly making progress to become more investor-centric. If you’re looking to fall asleep, read the full document, see [here.](https://www.federalregister.gov/documents/2024/04/25/2024-08065/retirement-security-rule-definition-of-an-investment-advice-fiduciary?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) ### **Breakthrough Study Reverses Aging in Mice** In a recent [breakthrough study](https://www.lifespan.io/news/young-extracellular-vesicles-extend-life-in-old-mice/?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry), EVs (tiny bubbles emitted by cells) were taken from young mice and injected into elderly mice. The treatment extended their median lifespan by about 1/8th and improved health indicators like muscle mass and hair retention. It also reversed signs of aging in male reproductive health and enhanced overall physical fitness, cardiac function, and bone density. Cognitive functions and physical endurance also saw significant improvements. The study concludes that it may be possible to use EVs from mice in human beings for the same effects. Wild. ### **FTC Votes to Ban Noncompete Agreements** The Federal Trade Commission (FTC) voted** **on Tuesday to ban noncompete agreements that prevent tens of millions of employees from working for competitors or starting a competing business after they leave a job. From fast food workers to CEOs, the FTC estimates that 18% of the U.S. workforce is covered by noncompete agreements — about 30 million people. Read more [here.](https://thehill.com/business/4615452-ftc-votes-to-ban-non-compete-agreements/?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) ### **The Good & Bad News of the Week** | **![image (2)](https://blog.savvly.com/hubfs/image%20(2).avif)**[Good: TSA Explosive Detection Pup Gets the Perfect Surprise Retirement Party](https://www.aol.com/tsa-explosive-detection-pup-gets-130000044.html?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) | ![photo-1508963493744-76fce69379c0](https://blog.savvly.com/hs-fs/hubfs/photo-1508963493744-76fce69379c0.jpeg?width=1080&height=720&name=photo-1508963493744-76fce69379c0.jpeg) [Bad: About 1 in 4 US adults 50 and older who aren't yet retired expect to never retire, AARP study finds](https://abcnews.go.com/amp/US/wireStory/1-4-us-adults-age-50-expect-retire-109580378?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) | | --- | --- | ### **Savvly Blog on Alternative Investments** Looking for high-return options to boost your retirement? Consider spicing up your portfolio with alternative investments. In the latest [Savvly blog](https://blog.savvly.com/harnessing-alternative-investments-for-long-term-investment-returns?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry), we round up some of the top alternative investments making waves this year. Check it out. ### **Links You Might’ve Missed** - [America's new age of retirement anxiety](https://www.businessinsider.com/retirement-social-security-gen-z-millennials-uncertainty-fears-pensions-2024-4?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) - [How to use ChatGPT for investing](https://www.thestreet.com/how-to/how-to-use-chatgpt-for-investing?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) - [I invested most of my salary for 7 years and had enough to retire at 29](https://www.businessinsider.com/retire-early-invest-5-things-made-it-possible-2024-3?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) - [Self-made millionaire who retired at 34: This is the biggest mistake early retirees make](https://www.cnbc.com/2024/03/07/the-biggest-mistake-early-retirees-make-from-a-fire-millionaire.html?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) - [What Is the Average Retirement Savings Balance by Age?](https://money.usnews.com/money/retirement/articles/average-retirement-savings-balance-by-age?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) - [America's 20 Most Popular National Parks, Ranked](https://www.thrillist.com/travel/nation/best-national-parks-in-america-grand-canyon-yosemite-and-yellowstone?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) - [New to Investing in Cryptocurrencies? Do These 3 Things Right Now](https://finance.yahoo.com/news/investing-cryptocurrencies-3-things-now-093700733.html?utm_source=newsletter.savvly.com&utm_medium=referral&utm_campaign=disrupting-a-36-trillion-industry) ### Recent posts [![couple ](https://blog.savvly.com/hubfs/Senior%20couple%20of%20tourists%20on%20a%20trip.jpeg) ](https://blog.savvly.com/when-should-you-start-saving-for-retirement) [When Should You Start Saving for Retirement?](https://blog.savvly.com/when-should-you-start-saving-for-retirement) Sep 17, 2024 [![man explaining option to couple](https://blog.savvly.com/hubfs/Couple%20with%20realtor%20signing%20mortgage%20contract.jpeg) ](https://blog.savvly.com/high-yield-savings-101-what-how-and-why) [High-Yield Savings 101: What, How, and Why](https://blog.savvly.com/high-yield-savings-101-what-how-and-why) Jul 25, 2024 [![](https://blog.savvly.com/hubfs/Happy%20young%20couple%20calculating%20bills%20at%20home.jpeg) ](https://blog.savvly.com/roth-ira-vs.-traditional-ira-whats-the-difference) [Roth IRA vs. Traditional IRA: What's the Difference?](https://blog.savvly.com/roth-ira-vs.-traditional-ira-whats-the-difference) Jul 10, 2024 ## Related Posts [![](https://blog.savvly.com/hs-fs/hubfs/Happy%20businessman%20shaking%20hands%20with%20a%20female%20interviewer%20in%20office.jpeg?width=900&name=Happy%20businessman%20shaking%20hands%20with%20a%20female%20interviewer%20in%20office.jpeg) ](https://blog.savvly.com/mastering-money-after-graduation-your-guide-to-financial-success) ###### [Financial Planning](https://blog.savvly.com/tag/financial-planning) ##### [Mastering Money After Graduation: Your Guide to Financial Success](https://blog.savvly.com/mastering-money-after-graduation-your-guide-to-financial-success) May 9, 2024 2min As the school semester comes to an end here in Boulder and our CU interns star. [READ MORE](https://blog.savvly.com/mastering-money-after-graduation-your-guide-to-financial-success) [![](https://blog.savvly.com/hs-fs/hubfs/Savvly%20Longevity%20Webinar.png?width=900&name=Savvly%20Longevity%20Webinar.png) ](https://blog.savvly.com/how-the-latest-longevity-breakthroughs-impact-your-financial-decisions) ###### [Financial Planning](https://blog.savvly.com/tag/financial-planning) ###### [Retirement](https://blog.savvly.com/tag/retirement) ###### [Longevity](https://blog.savvly.com/tag/longevity) ##### [How The Latest Longevity Breakthroughs Impact Your Financial Decisions](https://blog.savvly.com/how-the-latest-longevity-breakthroughs-impact-your-financial-decisions) Oct 19, 2023 A super quick read. Are we living in the "Golden Age of Medicine"? That's what the New York Times . [READ MORE](https://blog.savvly.com/how-the-latest-longevity-breakthroughs-impact-your-financial-decisions) [![](https://blog.savvly.com/hs-fs/hubfs/blue%20zones.jpg?width=900&name=blue%20zones.jpg) ](https://blog.savvly.com/blue-zones-the-secrets-to-longevity) ###### [Longevity](https://blog.savvly.com/tag/longevity) ##### [Blue Zones: The Secrets to Longevity](https://blog.savvly.com/blue-zones-the-secrets-to-longevity) May 16, 2024 3min Did you know that 46% of today’s 65-year-olds can expect to live past 90? With. [READ MORE](https://blog.savvly.com/blue-zones-the-secrets-to-longevity) ## Easy and affordable financial security for life. 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