Tag: guaranteed income

Michael Tubbs, once the youngest mayor of a major American city, to address UArizona graduates at Commencement

Michael Tubbs, once the youngest mayor of a major American city, to address UArizona graduates at Commencement

Today Michael Tubbs became the youngest mayor of Stockton, California, at 26 years old in 2016. He was also the city’s first African American mayor. He is now special adviser to California Gov. Gavin Newsom for economic mobility and opportunity. Michael Tubbs – who at 26 years old became the youngest mayor of a major U.S. city when he was elected to office in Stockton, California – will deliver the University of Arizona Commencement address on May 12.

Tubbs’ election in 2016 also made him the city’s first African American mayor. He is now special adviser to California Gov. Gavin […]

Guaranteed income payments

Guaranteed income payments

The Armed Forces Compensation Scheme (AFCS) can offer a Guaranteed Income Payment (GIP) which is a tax-free monthly payment that can be awarded in addition to any AFCS lump sum payment . It is generally payable where your injury or illness has long-term lasting effects and impacts your earnings in terms of salary and pension. It is intended to provide lifelong financial stability for those injured during service.

How are Guaranteed Income Payments calculated?

Key facts about Guaranteed Income Payments Armed Forces Independence Payment How are GIPs calculated? GIPs are based on an individuals age and basic […]

Panel: Advisors will warm to annuities, opening up big market

Panel: Advisors will warm to annuities, opening up big market

SALT LAKE CITY – The advisor’s office is where annuity sellers have longed to find acceptance, only to be repeatedly disappointed.

That is most certainly going to change in a big way, a panel agreed during a Monday session at the LIMRA Life Insurance and Annuity Conference. It’s all about the lure of guaranteed income, said Jeff Cusack, chief distribution officer with RetireOne, a fiduciary platform for fee-based insurance distribution.

"I would think there’s an awful lot of RIAs that don’t do anything with insurance today that will start with this and and get more comfortable with potentially expanding what they […]

‘£2,300 extra income’: Now could be the perfect time to buy an annuity before rates crash

'£2,300 extra income': Now could be the perfect time to buy an annuity before rates crash

The last 18 months of rocketing inflation and interest rates have transformed the way pensioners can generate income in retirement.

Martin Lewis compares pension annuity against drawdown

Yet this moment won’t last forever. At some point, interest rates will peak and start falling again. When that happens, the opportunity could pass.I’ve been repeatedly telling savers they should consider locking into a best buy fixed-rate bond which currently pay up to 4.60 percent a year .Somebody who takes out the United Trust Bank’s table-topping five-year fixed-rate bond would get 4.61 percent a year all the way through to 2028.That could […]

Unemployment insurance, BadgerCare would be harder to access under GOP-passed legislation

Unemployment insurance, BadgerCare would be harder to access under GOP-passed legislation

Wisconsin state Capitol on Thursday, April 29, 2021, in Madison, Wis. Angela Major/WPR Bills aimed at tightening public programs passed the Wisconsin Assembly along party lines Tuesday. They now move to the GOP-controlled state Senate.

Access to public health insurance and unemployment insurance in Wisconsin would be tightened under a slate of bills approved largely along party lines in the state Assembly on Tuesday.

Republican lawmakers approved the legislation they say is aimed at addressing the state’s workforce shortage. They argued that at a time of record unemployment — 2.5 percent in March — no employers should struggle to fill jobs.Democrats […]

What Is a Guaranteed Income Annuity (GIA)?

What Is a Guaranteed Income Annuity (GIA)?

A guaranteed income annuity (GIA) is a type of insurance product offered by insurance companies to provide a predictable and guaranteed stream of income to the annuity holder.

It is often used as a financial tool for retirees or pre-retirees who want to ensure a steady flow of income during their retirement years.

The main purpose of a GIA is to provide financial security and peace of mind for individuals during their retirement years.By offering a guaranteed income stream, GIAs help mitigate the risk of outliving one’s savings and protect against market volatility .Investors who may consider a GIA include those […]

Americans in line to claim $500 monthly ‘lottery’ direct payments for one year – see if you qualify

Americans in line to claim $500 monthly ‘lottery’ direct payments for one year – see if you qualify

THOUSANDS of Americans have applied for a new basic income program and they will soon find out if they will get the cash.

El Monte, California’s Guaranteed Basic Income program (GBI) will give 125 randomly selected households, living under the poverty line, $500 monthly payments for one year. Thousands have applied for a new GBI program The program is meant for low-income residents who were impacted by the pandemic’s economic fallout.

The funds were made possible due to the American Rescue Act.More than 2,500 people applied for the program’s lottery selection prior to the April 15 deadline.The lottery will occur later […]

Guido Imbens, Nobel Prize in Economics: “Universal basic income does not substantially change the number of workers”

Guido Imbens, Nobel Prize in Economics: “Universal basic income does not substantially change the number of workers”

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Guido Imbens (Geldrop, The Netherlands, 59 years old) will never forget the early morning of October 11, 2021. At 2:15 a.m. he received a call from Stockholm with the news that he had been awarded the Nobel Prize in Economics together with David Card and Joshua Angrist. He couldn’t sleep a wink anymore. Neither he nor his family. A team from Stanford University, where he is a professor, came to his house and recorded some videos in which he tells his children what his work consists of. That is, what is behind the reason for which […]

We all contribute to AI — should we get paid for that?

We all contribute to AI — should we get paid for that?

In Silicon Valley, some of the brightest minds believe a universal basic income (UBI) that guarantees people unrestricted cash payments will help them to survive and thrive as advanced technologies eliminate more careers as we know them, from white collar and creative jobs — lawyers, journalists, artists, software engineers — to labor roles. The idea […]

We all contribute to AI — should we get paid for that?
In Silicon Valley, some of the brightest minds believe a universal basic income (UBI) that guarantees people unrestricted cash payments will help them to survive and thrive as advanced technologies eliminate more […]

Relief checks for up to $400 in May 2023: Who qualifies?

Relief checks for up to $400 in May 2023: Who qualifies?

Some residents in Chelsea, Massachusetts will receive a relief check of up to $400 on May 15. It will be the third and final payment of a food and utility subsidy program which distributed the first two on March 15 and April 15.

The project, known as the Chelsea Eats program, is sending the checks ranging from $200 to $400 to 738 eligible households. The recipients have been receiving the subsidy through debit cards which were handed out in March. Relief check amount dependent on household size

The initiative issues varying amounts depending on the size of the household . […]