Tag: guaranteed income

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Business Insider Latest Story Image Business Insider Latest Story Image 4 mins read I was a tech DINK. Our double income helped me quit my 9-to-5 but now the glory days are over.

Natalie Fischer was a data analyst earning over $100k. Being a tech DINK with no kids helped her tr… Charissa Cheong

May 09 2024 06:13 IST Business Insider Latest Story Image 2 mins read AI ‘godfather’ Geoffrey Hinton says he’s ‘very worried’ about AI taking jobs and has advised the British government to adopt a universal basic income Geoffrey Hinton, an early pioneer […]

Loudoun County Board approves ‘steroid shot’ direct cash assistance program

Loudoun County Board approves 'steroid shot' direct cash assistance program

TCS – Cash in hand (The Center Square) — After several other Virginia localities have started similar programs, a pilot guaranteed income program will be introduced in Loudoun County.

The county’s Board of Supervisors apportioned $2 million from the county’s anticipated fiscal year 2024 fund balance and voted to adopt a program in a 6-2-1 vote Thursday evening, with Chair Phyllis Randall, D-At-Large, and Supervisor Matt LeTourneau, R-Dulles, voting against it. Caleb Kershner, R-Catoctin, was absent.

The initial proposal was to use about $1.7 million from the county’s remaining American Rescue Plan Act COVID relief funds to support the program, but […]

The Debate Over the Definition of Basic Income

Professor of Philosophy, Georgetown University-Qatar

Karl@Widerquist.com

Abstract This article doesn’t take a position on the question what is the best way to defineBasic Income. Instead, it argues that a family of related concepts are identified bytwo crucial questions: is the concept restricted to a non-means-tested grantdelivered to high- and low-income people alike? And is it restricted to a grant thatis large enough to live on? Although we can’t get away from the question of exactlyhow do we define Basic Income, controversies about the family of related conceptsidentified by these two questions cannot be resolved by any organization clarifyingits definition of […]

What Agents and Real Annuity Customers Say You Should Know About Buying an Annuity

What Agents and Real Annuity Customers Say You Should Know About Buying an Annuity

Learn how an investment today can provide guaranteed income for life. How can Annuity.org help you purchase an annuity? – Featuring Christopher Magnussen Major financial purchases can create a lot of anxiety, particularly if it involves a product you may not know a ton about like an annuity.

But buying one doesn’t have to be scary.

Annuity.org spoke with multiple agents, insurance professionals and real annuity customers to create an inside look at everything that goes into the process of buying an annuity. Their insights can help you go into this journey surprise-free and possess the knowledge you need to have […]

Guaranteed Income Supplement 2024: What is GIS Canada & who is eligible for the support?

Guaranteed Income Supplement 2024: What is GIS Canada & who is eligible for the support?

Government of Canada announced stable Guaranteed Income Supplement (GIS) Program for senior citizens of Canada who are suffering with financially difficulties. $2924 GIS 2024 is a monthly assistance from the government and It will be credited directly into beneficiaries bank account. The Object of GIS is to provide financial support to the country’s senior population. Under this program seniors of Canada will get $2942 Guaranteed Income Supplement 2024 from government. If you want to know more updates on this GIS Program and its benefits then can visit this article. Each section will give you significant update regrading this. Guaranteed […]

In-plan annuities gaining steam: Where do we go from here?

In-plan annuities gaining steam: Where do we go from here?

Image of a young woman sitting atop an hour-glass surrounded by financial symbols and graphs and charts. In-plan-annuities-are-gaining-steam-Where-do-we-go-from-here. Annuities are becoming more available in the defined contribution space in association with 401(k) plans. What is the future of in-plan annuities, and have they reached a tipping point? Bryan Hodgens, head of distribution research and annuity research with LIMRA, provided some insights on where in-plan annuities are going during a recent LIMRA online event.

With the passage of the SECURE Act in 2020, in-plan annuities have been gaining steam, with many innovative products entering the market.

“The idea of a guaranteed income […]

Legislation in Iowa Bans Universal Basic Income Programs Amidst National Debate

Legislation in Iowa Bans Universal Basic Income Programs Amidst National Debate

The solution for reducing poverty does not reside in UBI programs . The best path to reduced welfare is the ready availability of jobs.

Persuaded that universal basic income (UBI) programs would do more harm than good, the Iowa Legislature has passed a bill to ban such initiatives at the local level. As the debate over such programs continues across the country, observers of the UBI experiment can move another state into the opposition column.

During the COVID-19 pandemic, states and local governments received an unprecedent windfall of federal dollars, and policymakers seized upon the funding for experiments to address […]

Guaranteed Income for Life

Guaranteed Income for Life

Guaranteed Income for Life

Jay P

· Follow 2 min read·6 hours agoRolling over your 401(k) and IRA to an annuity can be a strategic financial move, depending on your individual retirement goals and circumstances. Here are some potential benefits of rolling over your 401(k) and IRA to an annuity: 1. Guaranteed Income for Life Annuities can provide a steady stream of income for life, which can help ensure you don’t outlive your savings. This is particularly beneficial if you’re concerned about longevity risk. 2. Tax Deferral Annuities, like IRAs and 401(k)s, offer tax-deferred growth. This means you […]

Schiff Leads Letter Calling for Guaranteed Income Pilot Program to Improve Health Outcomes for Low Income Families

Schiff Leads Letter Calling for Guaranteed Income Pilot Program to Improve Health Outcomes for Low Income Families

May 22, 2024

Washington, D.C.— Today, Representative Adam Schiff (D-Calif.) wrote a letter urging the Centers for Medicare & Medicaid Services (CMS) to adopt a new guaranteed income pilot program to help improve health outcomes for qualifying low income individuals.

Schiff’s letter emphasizes the urgent need for the federal government to better address health disparities among low income individuals which are further exacerbated by income inequality rising and costs. Schiff’s letter also highlights how a targeted model would provide valuable insight and comprehensive data on the potential long-term health benefits of such a program.“Families across the United States are […]

Guaranteed Income, Direct Rental Assistance, and the Potential of Cash Transfers

Guaranteed Income, Direct Rental Assistance, and the Potential of Cash Transfers

the intersect logo Challenges in areas ranging from education to the environment, gender to governance, health to housing don’t exist in a vacuum. Each month, Abt experts from two disciplines explore ideas for tackling these challenges in our monthly podcast, The Intersect. Sign up for monthly e-mail notifications here . Catch up with previous episodes here .

Qualitative data indicate guaranteed income programs—which provide cash directly to beneficiaries—provide real stability to people in need. But, while we wait for the quantitative data to come in, the jury’s still out on how to maximize this approach. What do we still […]