Tag: guaranteed income

Financial advisor and columnist Brandon Renfro My advisor is recommending putting over 50% of my portfolio in annuities. What say you?

– Georgia

As with most personal finance decisions, a lot hinges on the specific details of your situation. Fifty percent would likely be on the high side for most people, but that doesn’t mean it can’t be the right amount for you. Some may even want or need a larger portion of their portfolio in an annuity . A financial advisor can help you determine how much of your portfolio should be allocated to different investments, including […]

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More over-55s are tapping their pensions and over half are cashing them out entirely, new official figures reveal.

Nearly 740,000 pension funds were accessed in the 2022-23 financial year, up around 5 per cent from the year before, as people struggled to pay household bills in a period of rising inflation.

Some 56 per cent of pots are being cashed in full – the majority of them worth £10,000 or less, according to new data from the Financial Conduct Authority.Meanwhile 36 per cent were invested in a drawdown plan and 8 per cent were used to buy an annuity in the […]

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Women remain at risk of having insufficient retirement income due to additional pressures that they often face compared to men.

A new report from Goldman Sachs Asset Management reveals that women could end up with 24% less in retirement savings than they need, based purely on the cumulative impact of income disparities.

These disparities include decades-long income differences, greater caregiver responsibilities, insufficiency of part-time work, longer life expectancies, and lower benefits from Social Security.Almost three in ten retired women in the survey reported having less than $50,000 in retirement savings, with only 44% reporting more than $200,000. By contrast, 24% of […]

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Harris County Judge Lina Hidalgo shows the lawsuit filed by Texas Attorney General Ken Paxton challenging the Uplift Harris program last week. The timing of Paxton’s lawsuit is especially cruel just as the motivations are suspect.

Exactly when did Attorney General Ken Paxton feel moved to deny funds to the needy Harris County residents who were expecting to receive checks soon?

Of the many wrongdoings and injustices happening across Texas, why would the state’s chief law enforcement officer target a small program designed to uplift the most vulnerable Texans?On April 9, Paxton’s office filed a lawsuit challenging the […]

Full Post at www.expressnews.com

© Getty Images In the heart of America’s technology hub, Silicon Valley, where innovation and wealth proliferate, the concept of guaranteed income is gaining traction. This idea, once envisioned by Civil Rights leader Martin Luther King Jr., is re-emerging as a potential antidote to the economic displacement anticipated from the rapid advancement of artificial intelligence (AI). AI’s encroachment on jobs has prompted tech moguls like Elon Musk, Mark Zuckerberg, and Sam Altman to advocate for measures that could support those displaced by technological progress. EDITOR’S PICKS

Stocks Plunge as Inflation Fears Grip the Market: What’s Next?

2 days ago […]

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In the face of mounting concerns over poverty and economic inequality, particularly with the looming threat of artificial intelligence displacing jobs worldwide, the actions of leaders like Michael Tubbs, former mayor of Stockton, California, stand out as a beacon of courage and determination.

Growing up in Stockton, a city plagued by poverty despite its proximity to the technological hub of Silicon Valley, Tubbs was no stranger to financial struggles. Raised by a teenage mother juggling multiple precarious jobs, he questioned how such hardship could exist in the wealthiest nation on earth.

His election as Stockton’s first black mayor in 2016 marked […]

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Stimulus check Americans will receive a new $500 monthly stimulus check: Here are the requirements to receive it Social Security benefit update: Seniors and disabled people will receive a new payment within hours

Social Security announces new benefit changes: Alert for US seniors and disabled people

Alert if you receive SNAP and Social Security benefits: here’s how to keep your payments from now on Americans will receive a new $500 monthly stimulus check in Evanston, a city in Cook County, Illinois. The federal and local governments in the United States offer different resources to help their […]

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