Author: automata

Nearly two-thirds of American workers fear outliving their retirement savings 1

LifePath Paycheck can help alleviate that concern for half a million people with more to follow

Solution is part of BlackRock’s efforts to help people manage spending throughout increasingly longer retirements NEW YORK–(BUSINESS WIRE)–Apr. 24, 2024– BlackRock (NYSE: BLK) announced today that its retirement income solution, LifePath Paycheck™, is now available in defined contribution plans.The LifePath Paycheck solution takes a new approach to retirement income by providing access to guaranteed income through a target date fund, an investment strategy that automatically adjusts to a targeted retirement […]

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Some California residents will soon receive a guaranteed monthly income. The guaranteed income program is specifically for Sacramento County residents. Sacramento County’s Guaranteed Income Program gives eligible residents $725 a month for a year. Sacramento County Guaranteed Income Program: What is it?

Last month, the Sacramento County Board of Supervisors unanimously approved the guaranteed income program, called the Family First Sacramento Pilot Program. The program is intended to help low-income Black and Native American families.

Sacramento County’s Guaranteed Income Program, launching in July, will provide $725 per month to eligible African American and Native American families with children up to […]

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Sacramento County Guaranteed Income Program Some California residents will soon start getting a monthly guaranteed income. Specifically, the guaranteed income program is for residents of Sacramento County. The Sacramento County guaranteed income program will give eligible residents $725 per month for a year. Sacramento County guaranteed income program: what is it?

Last month, the Sacramento County Board of Supervisors unanimously approved the guaranteed income program, called the Family First Sacramento pilot program. The program aims to help low-income Black and Native American families.

The Sacramento County guaranteed income program, which will launch in July, will provide $725 per month to […]

Full Post at www.valuewalk.com

Neal Sarkar, Special Assistant Harris County Attorney, cross examines Tom Ramsey, Harris County Commissioner of Precinct 3, during a hearing on the Texas attorney general’s effort to block Harris County’s guaranteed income program on April 18, 2024 in the 165th District Court in Houston. Meridith Kohut / For the Houston Landing

From Houston Landing :

The Texas Supreme Court issued an emergency stay of Harris County’s guaranteed income program Tuesday, blocking the county from issuing any payments pending further action from the court.The stay came shortly after Harris County officials said they would begin issuing payments immediately, one day […]

Full Post at www.texasstandard.org

AP Photo/Tony Gutierrez, File A guaranteed income pilot program in Harris County (Houston), Texas was shut down before the first payment could be processed. The Supreme Court of Texas ruled it must stop while the question of whether or not it is unconstitutional is considered.

Last year the Harris County Commissioners Court passed Uplift Harris. The vote was 4-1. It is a guaranteed income pilot program that distributes $500 per month for 18 months to participating households. There are currently 1,924 applicants enrolled in the program. Uplift Harris began on January 12.

The Supreme Court of Texas put an administrative stay […]

Full Post at hotair.com

103rd General Assembly

Short Description: GUARANTEED INCOME EXEMPTION

House SponsorsLast ActionStatutes Amended In Order of Appearance 210 ILCS 89/5 210 ILCS 89/10 210 ILCS 89/15 305 ILCS 5/1-7 from Ch. 23, par. 1-7 Synopsis As Introduced Amends the Hospital Uninsured Patient Discount Act. Provides that a hospital subject to the Act shall disregard household income received through participation in a guaranteed income program reported by an uninsured patient who applies for financial assistance. Defines "guaranteed income program" to mean a publicly or privately funded program that provides one-time or recurring unconditional cash transfers or payments, or gifts to individuals or […]

Full Post at www.ilga.gov

The Supreme Court of Texas issued a ruling Tuesday that prohibits Harris County from launching a guaranteed income program which is currently being disputed by Attorney General Ken Paxton.

The decision comes just days after Houston County Judge Ursula Hall struck down Paxton’s arguments that the Uplift Harris program , which distributes monthly stipends to over 1,900 low-income residents, is unconstitutional.

"If the program does include a public benefit, it does not violate the constitution," the Houston Landing reported Hall as saying.Paxton’s attorneys argued that taxpayer money must be used in the public interest for a general benefit. TEXAS LAWMAKER CHALLENGES […]

Full Post at www.foxbangor.com

Rolled up cash. Unsplash+

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks.

April is Financial Literacy Month, part of a national campaign to raise awareness about the importance of financial education in maintaining financial well-being. It’s true that financial education is an important component of building wealth, but the reality is that it does little to address the racial and gender disparities in wealth.White people tend to have more wealth than Black people ; men tend to have more wealth than women ; Black women tend […]

Full Post at nextcity.org

HOUSTON – The Texas Supreme Court issued an emergency stay, blocking Harris County’s guaranteed income program from taking effect and releasing funds. One recipient shared how he was hoping to secure housing with the payment.

Standing in the back of Harris County’s new Commissioners Court room, Robert Holley looks on as Judge Lina Hidalgo brings the commissioners back in order after an executive session.

He watches on as Hidalgo announces the county is moving forward with its pilot guaranteed income program, Uplift Harris.“We’re decided to do nothing which means the program will proceed,” Hidalgo said, “No court has blocked the county […]

Full Post at www.click2houston.com