Tag: guaranteed income

Fee Compression Driving New Retirement Income Solutions

Fee Compression Driving New Retirement Income Solutions

As the retirement landscape evolves, major players in the industry are introducing new retirement income solutions. This shift is driven by decreasing investment fees and the increasing number of Americans who don’t have access to guaranteed income options. Consequently, asset managers are seeking alternative income streams and offering more cost-effective solutions.

A recent InvestmentNews article spotlighted these recent trends. John Faustino, who leads retirement products at Broadridge Financial Solutions, noted that product providers have been dealing with fee compression for years. He explained that the recent push to launch new retirement income solutions is a response to the growing need […]

Say goodbye to the retirement ‘5.5% rule’

Say goodbye to the retirement '5.5% rule'

Annuity rates won’t last

If I were turning 65 and retiring today, I could lock in a 5.5% annual return on my savings, plus a reasonable inflation adjustment each year, to last me for the rest of my natural life.

But how long that opportunity is going to last is another matter.If I had to bet on it, I’d say: Not long.That rate of return is what you can still get right now from the annuities market for a single-premium immediate annuity, or SPIA. An SPIA is an insurance product that converts a pile of savings into a stream of income […]

“Universal Basic Income” appears in:

Universal Basic Income

Definition

Universal Basic Income (UBI) is a financial policy that guarantees a regular, unconditional payment to all individuals, regardless of their circumstances, to ensure a basic standard of living. This concept is often discussed in the context of social justice and economic security, promoting the idea that every person should receive a minimum income to cover essential needs, thereby reducing poverty and income inequality. 5 Must Know Facts For Your Next Test> Universal Basic Income has been proposed as a solution to the challenges posed by automation and job displacement, as machines replace human labor […]

Eventually, the money will run out

Eventually, the money will run out

An extensive study published by the National Bureau of Economic Research concludes that universal basic income, the government gifting of taxpayer dollars, doesn’t have the effect that proponents of forced re-distribution of wealth would have hoped for. In fact, the opposite is true.

A universal basic income promises a government guaranteed income which is supposed to improve the economic situation of those receiving the money, typically median or lower income families. The study, however, demonstrates that over time, recipients will work and earn less. Instead of increasing income, human nature kicks in and shows that if someone receives a free […]

Universal Basic Income (UBI) Explained: Benefits, Challenges, and U.S. Pilot Programs

Universal Basic Income (UBI) Explained: Benefits, Challenges, and U.S. Pilot Programs

Universal Basic Income Universal Basic Income (UBI) is a financial concept where everyone in a specific group or area receives a regular amount of money from the government. This money is given to everyone, regardless of their job income, to cover basic living costs like food and housing. The main goal of UBI is to ensure that everyone has enough money to live comfortably, allowing people the freedom to study, start a business, or work less without worrying too much about their finances.

UBI can be seen as a monthly allowance big enough to cover essential needs. It is designed […]

Sponsored content: Just Group on tackling key retirement planning challenges

Sponsored content: Just Group on tackling key retirement planning challenges

Image: Martin Lines is development and events director at Just Group Just Group development and events director Martin Lines talks to PA about the key adviser challenges in retirement planning and developments in blended income…

What are some of the key challenges planners are facing at the moment when advising retired or retiring clients?

I think we’re all aware of the investment market challenges over the last few years. Whether an investment has been in equities, bonds or a combination, things have been volatile and many clients will have experienced a downturn in their fund values. If we couple […]

‘Gunna’s Great Giveaway’ Gunna Giving Out $1K A Month To South Fulton Families In Need

‘Gunna’s Great Giveaway’ Gunna Giving Out $1K A Month To South Fulton Families In Need

Gunna is giving back to the community with a huge giveaway. Source: Gilbert Flores / Getty While his peers’ careers have almost diminished as they debated about his possible “rat” status in the YSL RICO trial , Gunna is steadily ascending.

Since being released from jail on an Alford plea he has topped the charts and completed a health journey. Now amid his many wins, he’s giving back to his home state.

According to WSBTV, Gunna’s Great Giveaway Foundation combined forces with the Black Music Action Coalition for the “303049 Guaranteed Income Program.” The program will spend $500K to bless 30 […]

L.A. County expands guaranteed income program

Breathe, Los Angeles County’s guaranteed income program, which began by supporting 1,000 county residents with $1000 a month for three years, will soon expand to offer 2,000 more people a path to financial stability.

“When we started working to implement Breathe, we had a simple vision – to provide no-strings-attached funding that would mean real economic liberty for Angelenos. Since then, we have seen families be able to pay for childcare and rent and grow their savings for the first time. I am proud of this second expansion of Breathe, which will reach young people during the vulnerable stage of […]

Gunna Launches Income Program In South Fulton, GA, That Will Provide Families $1,000 Monthly Stipends For A Year

Gunna Launches Income Program In South Fulton, GA, That Will Provide Families $1,000 Monthly Stipends For A Year

Photo Credit: Christopher Polk / Billboard Gunna continues to pour into the Georgia community.

As previously reported by AFROTECH™, rapper Gunna, born Sergio Giavanni Kitchens in College Park, GA, has proven to have an affinity for the state by engaging in philanthropic efforts such as launching a free grocery store for his former middle school (McNair Middle School) with the support of Goodr Founder Jasmine Crowe in 2021. He also provided Gunna’s Drip Closet, an in-school clothing store that makes all items available free of charge.

Improving the standard of living for those in Georgia is still a priority for the […]

Atlanta rapper Gunna to give away $1,000 a month for a year for 30 deserving families

Atlanta rapper Gunna to give away $1,000 a month for a year for 30 deserving families

Gunna Atlanta rapper and four-time GRAMMY® Award nominee Gunna has teamed up with the Black Music Action Coalition to launch the Gunna x BMAC 30349 Guaranteed Income Program. (PHOTO: Gunna x BMAC 30349 Guaranteed Income Program) SOUTH FULTON, Ga. — Atlanta rapper and four-time GRAMMY® Award nominee Gunna has teamed up with the Black Music Action Coalition to launch the Gunna x BMAC 30349 Guaranteed Income Program.

This $500,000 program will give $1,000 a month to 30 families living in the 30349 zip code of the city of South Fulton.

The Guaranteed Income and Support Program aims to build on Gunna’s […]