Tag: guaranteed income

What is a better time to try a universal basic income in Canada?

What is a better time to try a universal basic income in Canada?

The idea of a universal basic or guaranteed income is in the news again as the country creeps closer to a federal election, expected by October, 2025.

However, what’s missing from most media reports or comments (or unsubstantiated “opinions” on this site), and the debate – whether for or against – is that it was introduced, proved to be successful, but then cancelled in Dauphin, Manitoba in the 1970`s.

Manitoba’s Mincome experiment | CMHR , August 10, 2022“Poverty is a human rights issue. But what sorts of government policies and programs can really make a difference?A landmark study performed in […]

Fixed index annuity with guaranteed income rider

Note: If you don’t read the entire post, take a look at the attached links to google drive that illustrates two scenarios. 1) $750K initial investment (now) in a fixed index annuity with an income rider providing a guaranteed minimum payment of $84369 starting in 7 years. 2) Investment of $750K now earning 5% interest annually and withdraws of $84369 starting in 7 years. Notice how #2 runs out by the time I am 83 (7 yrs shy of end of plan). I need to earn >6% in the #2 scenario to make it to the end. This is […]

These days in May you will receive stimulus checks: the complete schedule

These days in May you will receive stimulus checks: the complete schedule

Credits: juliansamora.com Good news for thousand Americans: You will receive these Stimulus Checks in monthly payment

$725 per month for families in America: Apply now for Stimulus Checks if you live here

$500 more this month: New Stimulus Checks that you can apply now The COVID-19 pandemic shook the world, bringing along a severe financial crisis that hit low-income households the hardest. With prices skyrocketing and healthcare access becoming restricted, many families found themselves struggling to make ends meet. In response, the federal government rolled out Economic Impact Payments (EIPs) to help millions of Americans recover. […]

GIS $2189 Payment Date 2024 – Know Eligibility Update & Amount

GIS $2189 Payment Date 2024 – Know Eligibility Update & Amount

GIS $2189 Payment Date The Canadian senior citizens are going to receive the GIS $2189 Payment Date 2024 program’s benefits, which the president will approve of the country. As we know, inflation has affected many different states of the country, so the state needs to provide GIS $2189 Payment to support its citizens. Like CPP, GIS also provides financial income to the citizens who are affected by this crucial time. It provides monthly income to improve their living standard under the GIS $2189 eligibility criteria, which is also given by the authorities. GIS $2189 Payment Date 2024

The Canada […]

Monthly payments of $1,000 could get thousands of homeless people off the streets, researchers say

Monthly payments of $1,000 could get thousands of homeless people off the streets, researchers say

Monthly payments of $1,000 could get thousands of homeless people off the streets, researchers say By Doug Smith

See original post here.

A monthly payment of $750 to $1,000 would allow thousands of the city’s homeless people to find informal housing, living in boarding homes, in shared apartments and with family and friends, according to a policy brief by four prominent Los Angeles academics.Citing positive preliminary results of pilot studies in several cities, including Los Angeles, they argue the income could provide access to housing for a portion of the population who became homeless primarily as the result of an […]

PGIM and TIAA Rethink 4% Withdrawal Rule, Finding Retirees Can Spend More

PGIM and TIAA Rethink 4% Withdrawal Rule, Finding Retirees Can Spend More

Determining a reasonable retirement savings withdrawal rate must be personalized to an individual’s needs and circumstances, separate PGIM and TIAA data shows.

The standard 4% rule is useful as a standing point, the firms’ research found. The insights are prompting the firms to develop new interactive tools that could help individuals make plans for reasonable withdrawals.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.  Retirees can safely spend down retirement account assets at a rate higher than 4% without depleting their savings in old age by monitoring account balances regularly and making tradeoffs like […]

Reparations commission continues flurry of recommendations as deadline looms

Reparations commission continues flurry of recommendations as deadline looms

LEGAL LIMITATIONS: Brad Branham, attorney for the City of Asheville, said it’s easier to create race-based programs with private funds than the public financing behind the Community Reparations Commission. Photo by Greg Parlier As a June deadline looms, recommendations from Asheville’s reparations commission are coming fast and furious, though support is not unanimous among its members.

The Community Reparations Commission of Asheville and Buncombe County passed three education-centric recommendations May 13, adding to the four endorsed earlier this month, informing how the city and county can make amends for generations of discrimination toward Black residents.

At the meeting, Dwight Mullen also […]

Learn More About Guaranteed Income Programs

Learn More About Guaranteed Income Programs

Universal Basic Income and Guaranteed Income are the two most prominent terms that usually come up when discussing direct cash assistance pilot programs, which assess whether monthly payments to participants will help reduce their poverty and even prevent homelessness.

The idea of Guaranteed Income is not new and has appeared throughout history. American economist Milton Friedman advocated for a basic income in the 1940s. Then in the 1960s, several measures that included creating a guaranteed income program to alleviate poverty made it to Congress but did not pass.

In his last book published in 1967, Dr. Martin Luther King, Jr. wrote, […]

$600+$750 Stimulus Checks Coming Soon: Who is Eligible? Payment Dates & All You Need to Know

$600+$750 Stimulus Checks Coming Soon: Who is Eligible? Payment Dates & All You Need to Know

Many programs that have been backed by the US government have provided financial aid to those who have been badly affected by the economic crisis. In coming weeks, qualifying individuals will get a $750 stimulus check in addition to a $600 check. This will assist Pregnant women and low-income seniors in the state. It is expected to be paid soon, but i dont have the $600+$750 Stimulus Check Payment Date 2024 so we have to wait for it. It is expected that California would be the recipient of the Golden Stimulus Check, that will be given to low-income families […]

$725 per month for families in America: Apply now for Stimulus Checks if you live here

$725 per month for families in America: Apply now for Stimulus Checks if you live here

$725 per month for families in America: Apply now for Stimulus Checks if you live here 1 Do you live in the Golden State? If so, get ready for some extra cash each month. Eligible residents can receive over $700 a month for a whole year, but there are a few things you need to do first. Extra help from the government

With inflation rising and COVID-19 hitting local businesses hard, many folks have been feeling the pinch. This economic strain has led to job losses and made it tough for people to afford their day-to-day expenses. To give […]