Tag: guaranteed income

Renewable energy is top 2020 sector pick of wealthy investors

Renewable energy is top 2020 sector pick of wealthy investors

Renewable energy is the top choice of affluent investors seeking long-term returns, with nearly one in three favouring the sector, new research shows.

Nearly all age groups were disposed to put money in renewables in 2020 – though over-45s showed the most enthusiasm – and men and women investors were almost equally positive about green energy.

Technology, commercial property and gold were also popular selections for potential gains over the long term, while mining, retail, industrial and auto stocks languished at the bottom of the list. Renewable energy: The top sector pick of affluent investors looking for long-term returns But there […]

Andrew Yang believes in UBI. Here’s what his plan would really do for America

Andrew Yang believes in UBI. Here's what his plan would really do for America

Many presidential candidates seem to have one signature issue they’re known for (remember the Medicare-for-All discussion and how Bernie Sanders "wrote the damn bill"?). For Andrew Yang, it’s universal basic income . Universal basic income is guaranteed income provided from a country’s government to its citizens or residents with no work requirement. Yang, who calls his UBI plan a "Freedom Dividend," wants to give every United States citizen age 18 and older $1,000 per month ($12,000 per year). "The Freedom Dividend would provide money to cover the basics for Americans while enabling us to look for a better job, […]

Plan Sponsors Have Multiple Options for Creating Income Streams for Participants

Plan Sponsors Have Multiple Options for Creating Income Streams for Participants

Annuities have a place in defined contribution (DC) retirement plans, and sources say should the SECURE Act get passed and provide additional safe harbor clarification to sponsors, more sponsors are likely to warm up to the idea of offering annuities and guaranteed income choices to their participants.

“The greatest innovations in annuities are taking place among fixed annuities, and developing regulations to catch up to this innovation so that they can be default investments will be the next frontier in retirement plans,” says Doug McIntosh, vice president of investments at Prudential Retirement. “If we want to move the needle for […]

This town is giving families $500 a month, no strings attached. The results are telling

This town is giving families $500 a month, no strings attached. The results are telling

On a recent Saturday morning, for the first time in months, Tomas had time to go to the pool with his kids. He sat at the edge of the water breathing in the smell of chlorine and realized suddenly that his kids had learned to swim, while he had been working. This poolside revelation was generated in no small part with the power of cash.

Since February, Tomas and more than 100 other families in Stockton, California, have been receiving $500 a month with no strings attached. The policy experiment is part of the historic Stockton Economic Empowerment Demonstration (Seed) […]

Martin Luther King never supported reparations—his “check” referred to job programs and universal basic income

Identitarians claim Martin Luther King supported reparations and quote him saying, "We are coming to get our check." But when they do, they erase the context. The full quote is "Now, when we come to Washington in this campaign, we are coming to get our check." The campaign was the Poor People’s Campaign , and the check was for all poor people.

King was a democratic socialist. He wanted to help all of the poor. He first supported guaranteed jobs, and then moved on to universal basic income.

In 1964, in Why We Can’t Wait , he argued for a Bill […]

Kelly McParland: Spare a thought for these poor Ontario Liberal leadership hopefuls

Kelly McParland: Spare a thought for these poor Ontario Liberal leadership hopefuls

Ontario Liberal leadership candidate Alvin Tedjo, centre, speaks with visitors to the Riverside Branch of the Windsor Public Library on Nov. 7, 2019. Spare a thought, this season of good cheer, for Ontario’s Liberals, who find themselves broke, out of office and struggling to make friends.

Things change when you no longer have the keys to the treasury, especially for a party that so freely used the public purse to finance pricey goodies. The Liberals weren’t just ushered out of power in 2018 but were chased away by an angry population tired of being bribed with borrowed money.

The mean-spirited might […]

What is universal basic income

Sep 27, 2018 · Although there is yet no widespread movement in the United States, intellectuals from a wide political spectrum are now weighing the benefits of a universal basic income—essentially “Social Security for All”—to combat poverty and income inequality. Other countries have taken steps Oct 29, 2019 · The Situation. Some of the biggest evangelists for a universal basic income can be found in Silicon Valley, where technology billionaires like Mark Zuckerberg Universal basic income has support of 40% of British people, says poll Findings emerge after Labour’s John McDonnell told The Independent the party is expected to […]

Service Awards Outstanding Achievement: Just

Service Awards Outstanding Achievement: Just

By Saloni Sardana The company that won the outstanding achievement award expects a growth in retirement products catered to those aged over 65.

Just was the winner of the outstanding award at the 2019 Financial Adviser Service Awards, and a spokesperson for the company says: “People aged over 65 is the fastest growing population segment in the UK, so we are confident of continued demand for solutions meeting their needs.

“Increasing lifespans are making managing longevity risk an increasingly important part of financial planning for retirement. By broadening the availability of guaranteed income for life solutions to advisers’ clients on platforms […]

Can I retire early and live off my private pension until I turn 65?

Can I retire early and live off my private pension until I turn 65?

Can you break into your pension early? (Photo: Matt Morton/PA Wire) I am 62 years old and have four years until I can claim my state pension , which is forecast to be £194 per week. I am currently saving into a work-based pension with a pot of around £50,000, but have other pensions from previous jobs which I will receive at 65.

If I wanted to retire either now or in, say, two years’ time, could I use that £50,000 until I get my other pensions and would it affect my state pension?

The reason I ask is that this […]

Old-age benefits have dramatic effect on poverty for immigrants, study says

Old-age benefits have dramatic effect on poverty for immigrants, study says

A new study says recent immigrants who are seniors when they arrive in this country are far less likely to live in poverty if they have access to federal old age benefits. Government of Canada public pensions web page is shown on Tuesday, January 9, 2018. OTTAWA — Recent immigrants who are seniors when they arrive in this country are far less likely to live in poverty if they have access to federal old-age benefits, Statistics Canada says in a newly released study.

Seniors who immigrated to Canada in the last two decades and received old-age security payments had low-income […]