Sentences with phrase «guaranteed income already»

Not exact matches

Already, the spread between the OAS / GIS guarantee levels and the low - income measure for 2015 — the spread that seniors need to fill using the Canada or Quebec Pensions plans (CPP / QPP), private pensions and private savings — is about $ 5,600 for single seniors and $ 4,700 for couples.

This will not only lower demand in the economy, but will also likely result in higher taxes to pay for higher spending on the income - tested Guaranteed Income Supplement to Old Age Security, which is already paid to more than one in three seincome - tested Guaranteed Income Supplement to Old Age Security, which is already paid to more than one in three seIncome Supplement to Old Age Security, which is already paid to more than one in three seniors.

«Many Americans already understand the importance of this concept, evidenced by the fact that more than half of those surveyed said they feel it is very or extremely important that guaranteed income products offer the possibility for income to increase over time.»

Romneycare is already eating the Massachusetts state budget and MA had guaranteed issue, community rating, and relatively high premiums and relatively low numbers of uninsured prior to the adoption of Romneycare (not to mention being a high income state.)

It also seems likely that guaranteeing mortgages on this scale will worsen our already precarious household debt to income ratio.

Would guaranteed basic income be blanket payments of that amount to all citizens, or payments of that amount to anyone not already earning that amount?

Those were the days when a university degree automatically guaranteed a successful career or at least an acceptable income, when the freshmen already had a fairly precise idea of their career path, when most of the graduates remained in one profession for a lifetime and when jobs were passed on from father to son.

Our Government has already greatly expanded the Guaranteed Income Supplement for very - low - income seIncome Supplement for very - low - income seincome seniors.

Guarantee: They already have a retirement income that is almost guaranteed so they may not need the additional retirement savings.

So the real issue is whether you need more guaranteed income than you're already getting or will receive.

One way to get at which of these options, each with its own advantages and disadvantages, make the most sense for you is to ask yourself this question: Would your retirement prospects be better if you had more guaranteed income beyond what you'll already get from Social Security or if you had more in accessible savings than you already have in 401 (k) s, IRAs and other retirement accounts?

But remember, you'll already have at least one source of guaranteed income in retirement — Social Security.

And if Social Security's payments are already covering all or most of your basic living expenses, you may already have all the guaranteed income you need.

Indeed, if you already have a self - directed RRSP that is heavily weighted in stocks, you might want to opt for the guaranteed pension income as a safety net.

You and your wife are already getting guaranteed income from Social Security, so you don't want to overdo it and end up with more guaranteed income than you need.

Which brings us to the first question you should ask yourself to determine whether you're a candidate for an annuity — namely, do you think you'll need more guaranteed income than you'll already receive from Social Security and any pensions you may be eligible for?

You'll already receive guaranteed lifetime income in retirement from Social Security.

Chances are you can live comfortably enough by simply supplementing the guaranteed income you'll already be receiving from Social Security and pensions with periodic withdrawals from your retirement savings.

If you feel you'd like more guaranteed lifetime income than you'll already receive from Social Security and any pensions, you could put a portion of your savings into an immediate annuity.

Cerulli argues that advisers who have already outsourced investment management might find the guaranteed income wrap useful.

The main issue, then, for you and any other retiree or near - retiree considering an annuity, is whether you actually need more guaranteed retirement income than the amount you're already scheduled to receive from Social Security.

Our nation's adjustment to a new mode of thinking will be facilitated if we realize that for nearly forty years two groups in our society have already been enjoying a guaranteed income.

Projecting future wealth and known future income streams can be a good starting point for estimating a future marginal tax rate (e.g., what will tax rates be for the retiree who already has Social Security benefits, portfolio interest and dividends, real estate or other passive income sources, and / or Required Minimum Distributions [RMDs]-RRB-, but clearly some uncertainty remains, not the least because Congress could just outright change the tax laws between now and then (although even higher tax rates in the future is not a guarantee that Roth conversions are a good idea today!).

As this post is too long already (even after chopping > 10 paragraphs out of it) I'll leave off discussing this point in detail except to say that I'm really interested in how Finland's experiment with guaranteed income works out.

It could be because of our insistence on the American Dream and the ideal of people pulling themselves up by their bootstraps or the aversion many people have to the support systems we already have in place or the tax implications a UBI system would have (more on that later), but the closest we've gotten is Richard Nixon's guaranteed annual income proposal in the 1970s, which was still a means - tested program, and which was passed in the House of Representatives but killed in the Senate.

An immediate income annuity may be worth considering if you are nearing or already in retirement; want the security of guaranteed, predictable income; and need that income to start right away.

GSV = GSV Factor * annual premiums less the Guaranteed Monthly Income already paid + GSV of accrued Bonuses

The above death benefit is payable irrespective of any guaranteed monthly income benefits already paid.