Tag: guaranteed income

Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in

Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in

Wand_prapan | Istock | Getty Images Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement, and subsequently adjust their annual withdrawals for inflation.

But in the decades since the strategy was created, retirement planning has changed.

When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades.The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in […]

$1200 OAS, $100 CPP, $800 GIS Payment May 2024: Know Its Eligibility, Payment & Imp Facts

$1200 OAS, $100 CPP, $800 GIS Payment May 2024: Know Its Eligibility, Payment & Imp Facts

$1200 OAS, $100 GIS, $800 CPP Payment May 2024: The 2024 payment amounts for Old Age Security (OAS), Canada Pension Plan (CPP), and Guaranteed Income Supplement (GIS) have been announced. Eligible individuals will receive OAS $1200, GIS $100, CPP $800 Direct Payment. It’s important to understand the $1200 OAS, $100 GIS, $800 CPP eligibility criteria to ensure you receive these payments.

About 25% of Canadian citizens currently living below the poverty line, facing daily challenges to get the basic needs such as groceries and medical expenses. To remove this struggle, the government will pay some payments to the elder […]

Opinion: Guaranteed income proposal from Reparations Commission has shock value, but also some real merit

Opinion: Guaranteed income proposal from Reparations Commission has shock value, but also some real merit

"Reparations: Cut The Check" mural at 508 Haywood Road in Asheville // Watchdog photo by Peter Lewis I’ll admit my immediate reaction to the Community Reparations Commission’s latest headline-grabbing recommendation — a guaranteed income pilot program for low-income residents — was along the lines of, “You’ve got to be kidding me.” Just giving money away to people? With no strings attached? That sounds crazy, right?

After all, this is America, land of the free, home of the rugged individualism ethos and a “pick yourself up by your bootstraps” spirit and all that, right? You can’t just give everybody a free […]

Just Retirement annuity sales volumes at half pre-budget level

(Adds detail, management comment)

LONDON, May 12 (Reuters) – Annuities provider Just Retirement Group Plc’s sales volumes are running at around half the levels seen before the British government announced an overhaul of the pensions system, it said on Monday.

In an annual budget speech in March, finance minister George Osborne said the pensions system would be liberalised, effectively scrapping a requirement for pensioners to swap their retirement savings pots for an annuity.Annuities are products offered by insurance companies to retirees, paying them a guaranteed income, usually until they die.The reforms hit the shares of Just Retirement (LSE: JRG.L – news […]

Feds ‘committed to doing more,’ but minister offers no timeline for Canadian Disability Benefit boost

Amid significant criticism from advocates, Diversity, Inclusion and Persons with Disabilities Minister Kamal Khera is defending her government’s long-promised, newly unveiled Canada Disability Benefit, calling the funds an “initial step,” but without laying out a timeline for future expansion of the program.

In an interview on CTV’s Question Period airing Sunday, Khera insisted to host Vassy Kapelos it’s important to “recognize” the significance of her government creating a national benefit for persons with disabilities in the first place.

“We recognize there’s more to do,” she said. “This is an initial step that we’ve put forward, and absolutely, we are committed to […]

To protect the citizens of this city: New Direct Stimulus Payments of $700

To protect the citizens of this city: New Direct Stimulus Payments of $700

To protect the citizens of this city: New Direct Stimulus Payments of $700 1 After the financial struggles of COVID-19, small businesses struggled to stay open. When the pandemic was over, many companies received another financial blow with the rising of inflation. As a result, employment opportunities were impacted, and many Americans struggled and continue to struggle to make ends meet.

To balance the higher cost of living with lower wages, many Americans have cut back on their spending, which has contributed to a weaker economy. How can Americans find relief? The government has previously given out stimulus checks to […]

New $500 stimulus check: Who is eligible for this May payment?

New $500 stimulus check: Who is eligible for this May payment?

Stimulus check There is a new $500 stimulus check coming for millions of residents in the United States who have already applied and have met all eligible requirements. This stimulus check is more commonly known as the Growing Resilience in Tacoma (GRIT), which will deliver $500 per month to at least 175 families across the country during one year. Check here for additional information on which residents might be eligible to receive this payment in May.

With the primary objective of enabling asset-constrained, income-constrained, and employed (ALICE) families to have economic stability, increase housing security, improve health and well-being, and […]

Americans will receive a new $500 monthly stimulus check: Here are the requirements to get it

Americans will receive a new $500 monthly stimulus check: Here are the requirements to get it

Stimulus check Americans will receive a new $500 monthly stimulus check: Here are the requirements to get it SNAP benefit increase in May: millions of Americans to receive more money confirmed

The most unexpected effect of the 2025 COLA on retirees: Here’s how payments will change for those 62 and older

Direct payment of $700 monthly checks to families in the state: You must meet the following criteria Americans will receive a new $500 monthly stimulus check in Evanston, a city in Cook County, Illinois. The federal and local governments in the United States offer different […]

Universal Basic Income: How Does It Work? Why Should Consider It?

Universal Basic Income: How Does It Work? Why Should Consider It?

Universal Basic Income is a bold and innovative strategy to tackling poverty, inequality, and the difficulties of automation in the twenty-first century. While there are several problems and criticisms to UBI, the potential benefits cannot be overlooked.

UBI has the potential to reduce poverty, stimulate economic opportunity, and promote social solidarity by giving all citizens with a basic income level. Universal Basic Income (UBI) has inspired equal parts excitement and skepticism. Further, Andrew Spira is promoting awareness for universal basic income around the world. Understanding Universal Basic Income

Universal Basic Income is a radical economic concept that proposes providing […]

Asheville, NC proposes cash reparations for black residents for ‘racial and gender equity’

Asheville, NC proposes cash reparations for black residents for 'racial and gender equity'

A reparations commission in a North Carolina town has proposed cash payments with "no strings attached" as part of a program they’d like to see the town implement and wrote that it would be a "tool for racial and gender equity.” Asheville, North Carolina’s 25-member Community Reparations Commission has recommended projects that they want local leaders to support for reparations in the town, per ABC 13 .

There are a total of four reparations projects that the commission has proposed that local lawmakers take into consideration, this includes a "Guaranteed Income Pilot Program" as well as others for reparations. The […]