Switching to a new Medicare Advantage plan gets easier

Switching to a new Medicare Advantage plan gets easier

Our daily roundup of retirement news your clients may be thinking about.

Switching to a new Medicare Advantage plan gets easier
Seniors have until March 31 to switch to a new Medicare Advantage plan or swap the existing plan for traditional Medicare with a Part-D policy, according to this article from Kiplinger . Those who intend to get a Medigap policy to supplement their traditional Medicare coverage and cover co-payments and deductibles may not succeed in getting one. That’s because insurers have the option of rejecting Medigap application or impose higher premiums due to preexisting conditions if […]

Basic income in ontario

Aug 1, 2018. Ontario’s new Conservative government has said it will scrap the province’s basic income pilot, calling it expensive and unsustainable – and . Aug 1, 2018. As anti-poverty advocates denounced the Ontario government’s decision to scrap a basic income pilot project, the province defended the move . Aug 3, 2018. Ontario, Canada has scrapped its experiment with basic income—a hot but largely untested idea for reducing poverty—before any results could . Aug 6, 2018. Ontario is canceling its basic income pilot program two years earlier than planned. The Canadian province is a year into an experiment that […]

Universal basic income isn’t basic or universal

Universal basic income isn't basic or universal

Indian youths sleep on the street outside Sir Stuart Hogg Market in Kolkata. Photograph:( AFP ) “The simplest approach will prove to be the most effective — the solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income,” Martin Luther King noted in the late 1960s.

Suddenly in the last few months, voices recommending Universal Basic Income (UBI) in India have risen to a crescendo.

The government, in its last phase in an election year, is also looking at populist measures. This non-economic brigade pushing for UBI does not realise that in India, UBI […]

UBI isn’t basic or universal

UBI isn’t basic or universal

“The simplest approach will prove to be the most effective — the solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income,” Martin Luther King noted in the late 1960’s.

Suddenly in the last few months, voices recommending Universal Basic Income (UBI) in India have risen to a crescendo.

The government, in its last phase in an election year, is also looking at populist measures. This non-economic brigade pushing for UBI does not realise that in India, UBI cannot be universal or basic and it certainly cannot be classified as income.UBI is not a […]

Universal Basic Income for Sikkim – Assessing the Feasibility for India

Universal Basic Income for Sikkim - Assessing the Feasibility for India

Why in news? Sikkim is set to become the first state in India to roll out Universal Basic Income (UBI).

It is essential, in this context, to assess the suitability of UBI idea for the whole of the country.

How does UBI work? UBI has been hailed as a means of fostering social justice and equal opportunity. It is also seen as a way of restoring individual choice and freedom and reigning in the influence of the state. Basic Income – UBI is an idea that requires that every person should have a right to a basic income to […]

Making Savings Last A Lifetime

Making Savings Last A Lifetime

Tim Brown, Senior Vice President, Life & Income Funding Solutions PLANSPONSOR recently spoke with Tim Brown, Senior Vice President, Life & Income Funding Solutions at MetLife, on the changes in mindset and risk perspective for both retiring participants and plan sponsors, and building out the “last mile” of DC plans with guaranteed solutions for retirement income.

PLANSPONSOR : What are the new risks that confront DC participants in having to manage their own retirement income?

Tim Brown : The risks aren’t new—it’s more that, in a retirement world dominated by DC plans, several important risks have been shifted […]

Simply put: The ‘money for nothing’ idea, how UBI works

Simply put: The ‘money for nothing’ idea, how UBI works

A basic income is a regular, periodic cash payment delivered unconditionally to all citizens on an individual basis, without requirement of work or willingness to work. (Illustration: Suvajit Dey) Sikkim is set to become the first state in India to roll out Universal Basic Income (UBI), an idea that is, like many rights, both unconditional and universal — one that requires that every person should have a right to a basic income to cover their needs, just by virtue of being citizens. Sikkim’s ruling party, the Sikkim Democratic Front (SDF), which has decided to include UBI in its manifesto […]

Sikkim to give free money to residents: What is Universal Basic Income Scheme?

Sikkim to give free money to residents: What is Universal Basic Income Scheme?

Sikkim would likely become the first Indian state to roll out the Universal Basic Income (UBI) scheme aimed at providing a fixed monthly income to residents irrespective of their economic, social status.

The UBI scheme is a global concept aimed at reducing poverty and promoting equality in the society. The Sikkim Democratic Front (SDF) ruled government plans to implement UBI by 2022 if it is elected to power in the 2019 state assembly polls.

The Economic Survey of India 2017 had called the UBI scheme a sustainable alternative and a "conceptually appealing idea".SDF MP in Lok Sabha, Prem Das Rai, […]

The ultimate guide to get guaranteed income in retirement

The ultimate guide to get guaranteed income in retirement

As retirement approaches, the focus shifts from creating your nest egg to turning it into actual income. But how can you spend more than your retirement savings? This is an important concern, especially when you’re looking at more than 30 years of retired life.

Withdrawing money from a retirement income fund or generating income through bonds and guaranteed investment certificates are all great ways to convert your savings into income. But they can all run out of money before you die. So how can you generate an income that’s guaranteed for life?

Here are five ways to get guaranteed income for […]

How to dodge a market dip that threatens your retirement

How to dodge a market dip that threatens your retirement

Our daily roundup of retirement news your clients may be thinking about.

How to dodge a market dip that threatens your retirement
Working longer and taking on a part-time job are two of the simple strategies seniors should consider to curb the unfavorable impact of a market correction on their retirement prospects, according to this article on The New York Times . Seniors should also ensure that their portfolio is diversified in low-cost investments, minimize their spending, strategize their stock allocation and consider annuitizing their savings to create a guaranteed income stream. Holding a cash reserve and […]