Jobs Report: Unemployment Rate Holds Steady at 3.8% for 26th Consecutive Month

Kalamazoo, Michigan – The labor market in the United States continued to demonstrate resilience in March, boasting an unemployment rate of 3.8% for the 26th consecutive month below 4%. The Bureau of Labor Statistics released a monthly report on Friday indicating an increase of 303,000 jobs, sustaining a strong and steady labor market that experts believe could influence decisions by the Federal Reserve regarding potential rate cuts in response to inflation concerns. Economists, researchers, and …

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Withdrawal Rate Warriors: The Silliness of Safe Strategies

Portland, Oregon – An ongoing debate within the financial community revolves around the concept of the safe withdrawal rate. Many experts believe that the traditional rule of thumb commonly used in retirement planning may no longer be sufficient in today’s economic landscape. The debate has sparked controversy, with proponents and critics of the safe withdrawal rate movement voicing contrasting opinions on its validity and effectiveness. The traditional safe withdrawal rate suggests withdrawing 4% of one’s …

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EPF Declares 5.5% Dividend Rate for 2023 Savings, Payout Reaches RM50.3bil

SHAHL ALAM, Malaysia – The Employees Provident Fund (EPF) in Malaysia has announced dividend rates for 2023, revealing a 5.5% return for Conventional Savings and a 5.4% return for syariah savings, distributing a total of RM50.3 billion and RM7.5 billion, respectively. Historically, EPF’s conventional savings have seen varying dividend rates over the past decade, ranging from 5.2% in 2020 to 6.9% in 2017. Similarly, syariah savings have experienced fluctuations, with rates ranging from 4.9% in …

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Social Security’s Replacement Rate: What You Need to Know for Retirement

Chicago, IL – Social Security benefits play a crucial role in supporting retirees by providing a portion of the income they earned during their working years. However, the program does not replace as much income as one might expect, and the replacement rate has decreased over time. When Social Security was first established, the full retirement age (FRA) was set at 65 years old, and the standard benefit was designed to replace approximately 40% of …

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Retirees: Here’s What Your Portfolio Withdrawal Rate Should Be in 2024

Phoenix, AZ – Retirees need to carefully consider their portfolio withdrawal rate for 2024 to ensure financial security in their later years. The traditional rule of thumb has been a 4% withdrawal annually, but financial experts and analysts are suggesting a reevaluation of this strategy due to changing economic conditions and longer life expectancies. With the uncertainties of the stock market and global economy, retirees may need to adjust their withdrawal rate to avoid outliving …

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