Stone Ridge Holdings Group announced it is forming a Board of Advisors for its new franchise of mutual funds, also known as LifeX.
Former CEO and Chairman of New York Life Ted Mathas will serve as chairman of LifeX Board, in addition to his role as senior advisor to Stone Ridge.
LifeX says it is designed to deliver high monthly “paychecks” for life through age 100, without taking on stock or bond risk, in an effort to tackle the “triple threat” of retirement that includes investment risk, inflation risk, and longevity risk. Investors choose monthly payouts that are fixed, inflation-protected, or a combination of those two, according to a release by Stone Ridge.
“People don’t want financial products, they want what these products can do for them. LifeX is uniquely designed with this in mind because it is all about delivering what people need: ‘paychecks’ for retirement,” said Mathas. “LifeX allows people to live and invest in their retirement with the confidence they need. I am passionate about helping as many people as possible enjoy these benefits.”
Other members of the LifeX Board will include:
- Peter Attia: Longevity expert, physician, and author of “Outlive: The Science and Art of Longevity,” and host of “The Drive,”a health and longevity podcast.
- Laura Carstensen: Founding director of the Stanford Center on Longevity, professor, and expert in the societal impacts, and opportunities, of longevity.
- Eric Clarke: Founder of Orion Advisor Solutions, a wealth management technology leader, with $3.8 trillion in platform assets.
- Ross Stevens: Founder and CEO of Stone Ridge Holdings Group, author of “Longevity Insurance” and “Live Long and Prosper: Accessing the Longevity Risk Premium.”
“Asked about aspirations for living to 100, typical responses from people are ‘I hope I don’t outlive my savings’ or ‘I hope I don’t get dementia,’” said Carstensen. “If we do not begin to envision what satisfying, engaged and meaningful century-long lives can look like, and what solutions are needed to support that, we will fail the many people who will live longer than their parents did and longer than they expect.”
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
