Tag: guaranteed income

Zuckerberg calls for guaranteed income; write him for your first check

Zuckerberg calls for guaranteed income; write him for your first check

Harvard Law School has a new graduate! I’m proud to say that my newest fellow alumni is none other than Facebook creator Mark Zuckerberg. Now, Zuckerberg, of course, never attended Harvard Law School. In fact, he was a dropout from Harvard College. But because he is wealthy, and liberal, that makes him eminently qualified for a Harvard Law degree!

In a speech at Harvard, Zuckerberg (whose name, translated from the original German, means "Mr. Sugar Mountain"), called for everyone to have a guaranteed basic income! He points out that not everyone has the financial freedom (like he did) to become […]

Prudential: Guaranteed lifetime income options in 401(k)s helps bring financial security closer to employees, reduce costs for employers

NEWARK, N.J.–( BUSINESS WIRE )–Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial 1 . And a new paper from Prudential Retirement says employers can also benefit through improved workforce management and reduced workforce costs. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU) .

The Prudential Retirement paper, On the Road to Financial Wellness, Lifetime Income Is Key , provides evidence to support what finance executives and plan sponsors are recognizing—that when employees feel […]

Letter writer believes nation has strayed far from Great Generation

Letter writer believes nation has strayed far from Great Generation

Frederic J. Brown/AFP/Getty Images) East Bay Times letters to the editor for May 26 Should learn from Greatest
Generation as we celebrate

With Memorial Day, we will be extolling the accomplishments of the Greatest Generation. Let’s look at some of the characteristics of that generation, of which my parents were a part and my father a veteran of both world wars:
It was a time when the South and the military were segregated, when a woman’s place was in the home, gays were in the closet, kids prayed in school and their teachers were largely maiden ladies who didn’t abuse […]

Prudential: Guaranteed lifetime income options in 401(k)s helps bring financial security closer to employees, reduce costs for employers

NEWARK, N.J.–( BUSINESS WIRE )–Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial 1 . And a new paper from Prudential Retirement says employers can also benefit through improved workforce management and reduced workforce costs. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU) .

The Prudential Retirement paper, On the Road to Financial Wellness, Lifetime Income Is Key , provides evidence to support what finance executives and plan sponsors are recognizing—that when employees feel […]

Guaranteed income — what I do and don’t support

Call it guaranteed income, universal income or basic income.

Based on what I’ve seen on Twitter, it’s time to make some initial stipulations about types of GI that I will NOT support.

1. If you want to rule out disability payments entirely, or at least say "above X dollars no more," nope, you lost me.Disability payments are because you can’t work period.I support guaranteed income as a baseline that then allows people to do the work they’d like to do. If you’re disabled, your ability to work is limited, period.As for some people saying, "But disability is so hard to get," […]

Basic Income: A timely solution to the imminent welfare crisis?

Basic Income: A timely solution to the imminent welfare crisis?

Universal Basic Income, or Citizen’s Income, is the idea of guaranteed a monthly payment, paid equally to all citizens, what some are calling ‘money for free’ [1]. It is an idea which is steadily gaining traction, it is now Green Party policy [2], and has the backing of the SNP’s National Conference [3]. Basic Income is one policy which seems to most capture the spirit of unbridled optimism of the Yes Movement: a remedy for the ills of late stage capitalism and the economic challenges presented by continued automation. It is also seen as a commonsense solution to our […]

Similar to Ontario, shoud Vancouver launch Basic Income pilot project?

What is a basic income

A basic income is a payment to eligible families or individuals that ensures a minimum income level, regardless of employment status.

Different than social assistance, a basic income can be: given to anyone who meets the income eligibility criterion given to someone who may be working but earning below the basic income level generally simpler to administer Participants Participants must be: invited to join the pilot 18 to 64 years old living in one of the selected test regions for the past 12 months or longer living […]

Erkunde Justin Trudeau, Canada Eh und noch mehr!

Erkunde Justin Trudeau, Canada Eh und noch mehr!

Canada Will Experiment With Basic Income — Giving Out Salaries Just for Being Human | Mic Finland experiments with giving away free money – POLITICO What happens if we pay everyone just to live? Think universal basic income is a pipe dream? Experiments all over the world are already showing its potential to transform society for the better. Melissa Marshall brings a message to all scientists (from non-scientists): We’re fascinated by what you’re doing. So tell us about it — in a way we can understand. In just 4 minutes, she shares powerful tips on presenting complex scientific ideas […]

The Relationship Between Guaranteed Income and Safe Withdrawal Rates — Oblivious Investor

The Relationship Between Guaranteed Income and Safe Withdrawal Rates — Oblivious Investor

(Source: www.obliviousinvestor.com )

Spending from your portfolio in retirement is always a balancing act between two competing goals:

> Minimize the likelihood of depleting your portfolio during your lifetime (i.e., don’t overspend), and Have as high a standard of living as possible (i.e., don’t underspend and end up with a giant pile of unspent money when you die). In a recent paper David Blanchett of Morningstar looked at how that balancing act is affected by the portion of your spending that comes from guaranteed sources (e.g., Social Security, pension, lifetime annuities) as opposed to from a portfolio of stocks/bonds with […]

Blanchett Paper on ‘Impact of Guaranteed Income on SWR’

This subject is frequently discussed here, although usually in a tangential way regarding safe withdrawal rates & methods, what percentage of one’s FIRE income is "guaranteed", whether to use ‘fixed’ or ‘variable’ withdrawals, and the like.

However, this paper analyzes it directly and produces some outputs & guidance that are useful for a range of scenarios that fit most situations. It also analyzes & compares ‘past’ results (back testing) with ‘forward looking’ results (actual forecasting), which I find especially useful. It’s well worth a read and, for me, prompted some thought about our current FIRE income/SWR approach. The […]