Tag: guaranteed income

2017 prediction of senior crisis comes true

2017 prediction of senior crisis comes true

Boomer Talk author fighting for fair pension for seniors Rhonda Shirley, front left, Maureen Pietrzykowski and other seniors protest along Ladysmith’s 1st Avenue as part of a province-wide Tin Cup March for Fair Seniors Pensions. (Greg Sakaki photo) Sometimes it’s the smallest things that can trigger us.

Mine involved $25.

Two things happened that were annoying.Thing number one was the government clawed back my Guaranteed Income Supplement by $22 because my CPP went up slightly.Of course, this made me very angry, yet another slap in the face to a senior.Now I know some of you might say, “really Carole, it was […]

This State Could Get Universal Basic Income

This State Could Get Universal Basic Income

MONEY & LIFE

By: Anneken Tappe · June 27, 2024 · Reading Time: 2 minutes Share November Vote

Oregon residents can cast their vote in November to establish a universal basic income (UBI) program in their state.According to a report by The Oregonian , the so-called “Oregon Rebate” has received enough signatures to get on the ballot for a vote in November, pending certification by the Secretary of State’s Office.If Oregonians vote to approve the proposal, residents would receive $750 annually starting 2025, generated by a 3% corporate tax on businesses with sales in Oregon over $25 million. What […]

2 St. Louis residents are suing the city’s basic-income program in an attempt to halt what they call ‘unconstitutional’ $500 monthly payments to low-income families

2 St. Louis residents are suing the city's basic-income program in an attempt to halt what they call 'unconstitutional' $500 monthly payments to low-income families

Two St. Louis residents have filed a lawsuit to halt the city’s guaranteed-basic-income pilot.

The program provides 540 low-income families $500 monthly to help them afford housing and food.

The lawsuit alleges that it’s unconstitutional for St. Louis to use public money on basic income. As St. Louis continues its guaranteed-basic-income pilot , two residents are suing to cut the program’s funding. The lawsuit alleges that the city’s plan to give low-income families $500 a month is unconstitutional in the state of Missouri.Submitted to a circuit court on June 13, the lawsuit claims it’s a Missouri […]

Report: Baltimore’s $1,000 monthly cash assistance program helps with income, housing independence, mental health

Report: Baltimore’s $1,000 monthly cash assistance program helps with income, housing independence, mental health

Kenneth K. Lam/The Baltimore Sun Baltimore Mayor Brandon Scott, right, shakes hand with Joe Jones Jr., founder of Center for Urban Families, before announcing the guaranteed income pilot program during a news conference at the War Memorial Building in the spring of 2022. The pilot program has provided 200 randomized lottery-selected young parents unconditional cash payment of $1,000 per month for two years. (Kenneth K. Lam/Staff) PUBLISHED: June 26, 2024 at 10:46 p.m. | UPDATED: June 26, 2024 at 10:50 p.m.

A pilot program distributing $1,000 in unconditional monthly cash assistance to Baltimore parents seems to be working.

A report halfway […]

Mayor: Data shows success for Baltimore City guaranteed income pilot program

Mayor: Data shows success for Baltimore City guaranteed income pilot program

A Baltimore City program that provides $1,000 a month to parents in need will come to an end next month, and the mayor is calling the program a clear success.

The Baltimore Young Families Success Fund was a pilot project that gave 200 young city parents $1,000 a month over a two-year period. The final payment will go out in July.

The city started sending payments to families in 2022 with the intent to address income inequality and poverty and help to level the playing field for families that are at or below 300% of the federal poverty line. The unrestricted […]

Stewart Wealth Advisors Earns Rave Reviews from Delighted Clients for Expert Retirement Planning and Secure Income Solutions

Stewart Wealth Advisors Earns Rave Reviews from Delighted Clients for Expert Retirement Planning and Secure Income Solutions

Press Release

Explore Stewart Wealth Advisors’ Customized Financial Solutions Tailored for Retirees and Pre-Retirees. Stewart Wealth Advisors LLC has emerged as a standout in the financial advisory sector, achieving rapid growth and…

Explore Stewart Wealth Advisors’ Customized Financial Solutions Tailored for Retirees and Pre-Retirees. Stewart Wealth Advisors LLC has emerged as a standout in the financial advisory sector, achieving rapid growth and earning accolades from clients nationwide. Focused on specialized retirement planning and guaranteed income solutions, the firm, led by industry veterans Dan Stewart, Gary Stewart, and Adam Stewart, sets new standards in client satisfaction and financial security. Committed to delivering […]

How Annuitizing Income Gives Retirees a ‘License to Spend’ (Twice as Much!)

How Annuitizing Income Gives Retirees a ‘License to Spend’ (Twice as Much!)

Image credit: © Ljupco | Dreamstime.com Retirees with assets that annuitize income spend twice as much as retirees with an equal amount of non-annuitized savings. That’s an eye-catching new finding David Blanchett and Michael Finke released this week in a new analysis by the Alliance for Lifetime Income’s Retirement Income Institute ( RII ).

In their newly released study, Guaranteed Income: A License to Spend , RII Fellows Blanchett and Finke examine how Americans are far more likely to achieve their lifestyle goals in retirement through annuitized income, overcoming the uncertainty of life expectancy and the reluctance to spend down […]

2 St. Louis residents are suing the city’s basic-income program in an attempt to halt what they call ‘unconstitutional’ $500 monthly payments to low-income families

2 St. Louis residents are suing the city's basic-income program in an attempt to halt what they call 'unconstitutional' $500 monthly payments to low-income families

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economy › news » 2 St. Louis residents are suing the city’s basic-income program in an attempt to halt what they call ‘unconstitutional’ $500 monthly payments to low-income families Two St. Louis residents are suing to halt the city’s guaranteed basic income program.Art Wager / Getty Images Two St. Louis residents have filed a lawsuit to halt the city’s guaranteed-basic-income pilot. The program provides 540 low-income families $500 monthly to help them afford housing and food. AdvertisementAs St. Louis continues its guaranteed-basic-income pilot , two residents are suing to cut the […]

Guaranteed Income: A License To Spend

Guaranteed Income: A License To Spend

Retirees that annuitize income spend twice as much as retirees with an equal amount of non-annuitized savings

In a new report, Retirement Income Institute Fellows David Blanchett and Michael Finke examine how Americans achieve their lifestyle goals in retirement through annuitized income. WASHINGTON, June 25, 2024 /PRNewswire/ — Retirees with assets that annuitize income spend twice as much as retirees with an equal amount of non-annuitized savings, according to a new analysis by the Alliance for Lifetime Income’s Retirement Income Institute (RII).

In their newly released study, Guaranteed Income: A License to Spend, RII Fellows David Blanchett and Michael Finke […]

Micruity secures $5m in funding to revolutionize retirement planning

Micruity , a pioneering financial technology firm, recently announced the successful closure of a strategic funding round, amassing $5m.

This significant financial boost was contributed by notable investors including Prudential, State Street Global Advisors, and TIAA Ventures, with additional support from existing partners Pacific Life and Western & Southern Financial Group. To date, Micruity has garnered over $11m in investment from key players in the retirement sector.

The company specializes in developing robust infrastructure to support both accumulation annuities and non-guaranteed income products through its innovative Micruity platform. This platform serves as a critical tool in addressing the retirement planning […]