A recently retired Fin24 reader looking to invest in a pension payout to cover her daily living costs while living abroad wants to know which product she should opt for.
guaranteed income with no restrictions on how to spend the money. trace gallagher digging into the details which i am very interested to hear. good evening, trace. until recently, state and federal welfare programs had strict guidelines on how money could be spent, limited benefits for food, housing, and medicine, but guaranteed income, there are no rules, the money can be spen, today, california lawmakers unanimously approved the first state-funded guaranteed income plan. these are monthly cash payments that range from $500 to $1,000, given to pregnant women who qualify and young adults who recently left foster care. keep in mind, in california, the first round of funding, $35 million, is taxpayer money. we mentioned california lawmakers voted unanimously in f guaranteed funding, but that does not mean all state legislators support it. g.o.p. assemblyman vince fong, who abstained from the vote,
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