Tag: guaranteed income

(PlanAdviser) – Retail sales of annuities have been booming on higher interest rates even as new data shows that workers want lifetime income products more than other employer resources aimed to boost their retirement readiness.

But a disconnect remains for in-plan defined contribution annuities, as other research shows that employers are still hesitant to offer annuities in part due to fiduciary concerns.

Among the resources available to workers from their employers to help them “pivot” into retirement, 67% of respondents are most focused on a having their employers implement a guaranteed income product—ahead of access to financial consulting, retirement calculators […]

Full Post at www.thewealthadvisor.com

Retail sales of annuities have been booming on higher interest rates even as new data shows that workers want lifetime income products more than other employer resources aimed to boost their retirement readiness.

But a disconnect remains for in-plan defined contribution annuities, as other research shows that employers are still hesitant to offer annuities in part due to fiduciary concerns.

Among the resources available to workers from their employers to help them “pivot” into retirement, 67% of respondents are most focused on a having their employers implement a guaranteed income product—ahead of access to financial consulting, retirement calculators and in-person or […]

Full Post at www.planadviser.com

Advertisment: A committee is proposed that the city of San Francisco give $5 million each to qualifying Black people as part of a reparations plan to cover “economic and opportunity losses” the community has endured throughout history, both due to the city’s policies and the wider effects of societal discrimination.

Context

A draft proposal of the reparations committee, an advisory body, has recommended providing a lump sum of $5 million to each Black recipient who meets specific criteria. However, the city must first approve this policy for it to be implemented. A final version of the reparations proposal will be submitted […]

Full Post at www.snopes.com

Unless you choose to take your retirement income as an annuity – a guaranteed income for life – it’s up to you to make sure your pot lasts throughout your retirement. But how do you work out how long your pension income will last? And what do you need to think about? We cover everything you need to know.

Retirement looks different to everyone. Whether you have plans to travel the world or are looking forward to a quiet life spent with loved ones, you want to be sure that your pension savings will last you long enough to cover […]

Full Post at www.standardlife.co.uk

I grew up in the shadows of a Dr. Martin Luther King Boulevard in Stockton, Calif. My neighborhood was shaped by great people, but terrible policies: It had more liquor stores than grocery stores, schools that were underfunded, and the biggest government investment was in policing rather than in opportunity.

Years later, when I became mayor of my hometown in 2017, I walked into City Hall every day by crossing that same Dr. Martin Luther King Boulevard. And while I did all in my power to provide opportunity and dignity to every person living in Stockton, I was met with […]

Full Post at time.com

Though the last months of Rev. Dr. Martin Luther King Jr.’s life were spent organizing for the Poor People’s March on Washington, a movement meant to unite America’s economically disenfranchised of all races, few MLK Day events focus on the solution King supported to address poverty — the guaranteed income.

Dr. King believed economic inequality led to housing discrimination, educational inequalities, employment issues and other challenges Blacks faced. Thus, he pushed for a guaranteed income as a way to address them all.

The Defender asked Houston-area residents if they thought the concept would work today. Here’s what they said: ON MLK’S […]

Full Post at defendernetwork.com

My rent has gone up each year by the amount permitted by the province — faster than general inflation and much faster than my income. A for rent sign on a house in Victoria. DARREN STONE, TIMES COLONIS A commentary by a Victoria resident.

The Together Against Poverty Society’s proposal for a cap on rent increases between tenants outlines the most significant thing the province could do to instantly pull in the reins on out-of-control rents and disruption to longer-term tenants.

I have lived in a private rental apartment in Victoria for more than 15 years. My rent has gone […]

Full Post at www.timescolonist.com

Introduction

Investing in an annuity is a smart move for those looking to secure their financial future. An annuity is a contract between you and an insurance company that guarantees you a stream of income over a set period of time. Annuities can be used as a form of retirement savings or as a way to supplement other investments. Before deciding whether or not an annuity is the right investment for you, it’s important to understand the pros and cons associated with them. A. Definition of an Annuity A. Definition of an Annuity

An annuity is a financial product […]

Full Post at www.lihpao.com