Democratic presidential candidate Andrew Yang says universal basic income isn't a socialist policy




 

2020 Democratic presidential candidate Andrew Yang says he would like to implement a 'value added' tax to harness the gains from new technologies to pay for a universal basic income.

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Liz Weston: Make your money last in retirement
Liz Weston: Make your money last in retirement
  • US
  • 2019-06-17 11:20:52Z

Lowering your fixed expenses - shelter, food, transportation, insurance, utilities and minimum loan payments - can help you withdraw less from your savings, which in turn can help your money last longer. Eliminating debt before you retire is often a good way to reduce expenses, but consult a fee-only financial planner before withdrawing retirement funds to pay off a mortgage. A study for the National Bureau of Economic Research found that delaying the start of retirement from age 62 to age 66 could raise someone's annual, sustainable standard of living by 33%.

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