Tag: guaranteed income

Annuity rates are making a comeback

Annuity rates are making a comeback

Annuities have been a bedrock of retirement planning for decades.

They’re still the only way to turn your pension into a secure guaranteed income for life. How much income you’ll receive largely depends on the annuity rates offered at the time.

Two years ago, annuity rates hit rock bottom after the Bank of England base rate was cut to 0.25%.Thankfully, if you’re buying an annuity today you’re likely to benefit from much higher rates. In fact, rates are up nearly 20%. And with the Bank of England moving the base rate up in August, it’s likely rates will continue to improve, […]

Basic Income

Basic Income

Basic Income ‘Basic Income is an idea whose time has come, and Guy Standing has pioneered our understanding of it…as we move into an age where work and leisure become blurred, and work dissociated from incomes, Standing’s analysis is vital’ Paul Mason

Shouldn’t everyone receive a stake in society’s wealth?
Could we create a fairer world by granting a guaranteed income to all?
What would this mean for our health, wealth and happiness?Basic Income is a regular cash transfer from the state, received by all individual citizens. It is an acknowledgement that everyone plays a part in generating the […]

What Are the Different Types of Annuities, and Which Is Right for Me?

We’ve written before about whether annuities are a fit for your retirement profile.

But let’s back up. What are annuities in the first place? And what are all the different types?

The basics of annuities are the same no matter what type you purchase: You pay an insurance company a set amount of money in return for regular payments, a guaranteed income that can help fund your retirement.But when these payments arrive, how long they continue, and how big they are all depend on the type of annuity and the specific terms you agree to.Here are a few of the most […]

[DRAFT] Universal basic income for @@NAME@@?

Title:
Universal basic income for @@NAME@@?

Validity: Not available for nations without a welfare budget
Following @@NAME@@’s top economic analysts’ prediction of the collapse of the nation’s welfare system as we know it, there’s been talk about a complete overhaul to avert the impending crisis – including the introduction of a universal basic income.Options: [Option 1] "Too right! We need a guaranteed income for everyone, and we need it quick!" Says @@RANDOMNAME@@, accompanied by his trophy wife and two children as he hops out of his SUV. "I understand helping someone out when they’re in a rough spot, but if I’m […]

Even people with pensions work into their retirement years

Even people with pensions work into their retirement years

Pensions are great, but you may be better off working longer into your retirement years. Having guaranteed income for retirement in the form of a pension is a dream for many workers, but workers may still change jobs or prolong their working years before they retire.

Transitioning into retirement — the actual act of moving away from the workforce — isn’t all that different among public and private sector workers. Even though public workers get guaranteed income in the form of a pension during retirement, they still tend to take another job or reduce their hours to part-time before fully […]

Will Chicago become the first major U.S. city to pilot Universal Basic Income?

Will Chicago become the first major U.S. city to pilot Universal Basic Income?

On September 12 Mayor Emanuel joined forces with Alderman Ameya Pawar to launch the creation of the Chicago Resilient Families Task Force, to measure and recommend new strategies to help Chicago families living in poverty. The Task Force will partner up with the Economic Security Project and the Social IMPACT Research Center—both organizations whose mission is centric in the impact and social wellness for at-risk families. The goal set forth by the Rahm-Pawar team is that the Task Force further advances and expands access to the Earned Income Credit (EIC), as well as investigate a potential initiative of Universal […]

Swiss village to pay residents $2,500 a month to do nothing

Swiss village to pay residents $2,500 a month to do nothing

Modal Trigger Rheinau, Switzerland iStockphoto A village in Switzerland plans to introduce a basic income system which pays residents $2,500 a month for doing nothing.

Residents of Rheinau, on the Rhine River at the border with Germany, voted in favor of introducing the ambitious project in a recent poll.

The village hopes to pay participants up to $2,500 a month to ensure they have a guaranteed income regardless of their employment status.The village council decided to accept this plan after more than half of Rheinau’s 1,300 residents signed up to take part, and efforts to secure funding will begin shortly.The decision […]

Universal basic income in finland

Universal basic income in finland

It will also allow unemployed people to pick up odd jobs Jul 20, 2017 · HELSINKI, Finland — Universal basic income is generating considerable interest these days, from Bernie Sanders, who says he is “absolutely sympathetic” to the idea, to Mark Zuckerberg May 26, 2017 · However, the countries actually experimenting with the concept, Canada and Finland, aren’t embracing the universal nature of it. Download it once and read it on your Kindle device, PC, phones or tablets. As part of the “universal basic income” (UBI) scheme, 2,000 unemployed […]

Conventional wisdom of bonds dominating a portfolio in retirement is now outdated

Conventional wisdom of bonds dominating a portfolio in retirement is now outdated

Retirees typically look for bonds to provide two things in retirement: income and inflation protection. But bonds are not what they used to be.

Rates today are too low to comfortably address just one of those issues, let alone both. The "conventional wisdom" of having bonds dominate a portfolio in retirement is outdated and was based on past market conditions and philosophies. Lambert | Archive Photos | Getty Images To that point, 30 years ago the retirement and bond market landscape looked quite different from the one we’re currently experiencing. In 1988, the 10-year Treasury yielded between 8 percent and […]

Universal basic income study

Universal basic income study

org/article/false-promise-universalThe False Promise of Universal Basic Income The False Promise of Universal Basic Income . 13,496. …12. Parijs, 1992), a universal basic income (UBI, used interchangeably with the terms basic income, citizen’s income and unconditional basic income) is a regular cash payment, paid periodically • To everyone within a defined political community • …Ver vídeo · More Americans now support a universal basic income. But before we do that, we’re going to start with a short-term pilot in Oakland. Universal Basic Income: Implications for work and employment July 2017 to […]