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Key PointsWilliam Bengen now says a withdrawal rate of 4.7% may be more appropriate.
Retirees who can cut back a little during rough market years tend to do better than those who consistently withdraw the same amount, no matter what happens.
Another withdrawal strategy is to align annual withdrawals with remaining portfolio value, thereby adapting to market fluctuations.
The $23,760 Social Security bonus most retirees completely overlook ›If you’ve spent most of your adult life hearing that your withdrawal strategy in retirement requires withdrawing no more than 4% of your retirement account balance annually, you’re not alone. The 4% rule was invented by researcher and financial planner William Bengen in the 1990s and caught on like wildfire.
A change of heart (and calculations)Today, Bengen believes that planning for retirement should include a withdrawal rate of 4.7%. Here’s why: Back in the 1990s, Bengen based the 4% rule on a simple portfolio of U.S. large-cap stocks and intermedi..

Key PointsThe S&P 500 has been a wealth-building machine for long-term investors.
Its largest components are all AI stocks, giving investors exposure to AI tailwinds while minimizing risk.
The nature of the market is to have dips and corrections as it rises.
10 stocks we like better than Vanguard S&P 500 ETF ›The S&P 500 is back to its glorious self this year, overcoming some challenges a few months ago to rise 14% year to date. It’s resilient, like the U.S. economy, driven by the largest of its 500 components.
There are a number of ways to invest in the S&P 500, and one of the most popular methods today is investing in an exchange-traded fund (ETF) that tracks it. The largest one is the Vanguard S&P 500 ETF (NYSEMKT: VOO), which has $1.4 trillion in assets, but there are several others.
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You might think it’s a gr..

In what appears to be the first major challenge to the new $100,000 fee required for H-1B visa applications, a coalition of health care providers, religious groups, university professors and others filed a federal lawsuit Friday to stop the plan, saying it has “thrown employers, workers and federal agencies into chaos.”
President Donald Trump signed a proclamation on Sept. 19 requiring the new fee, saying the H-1B visa program “has been deliberately exploited to replace, rather than supplement, American workers with lower-paid, lower-skilled labor.” The changes were slated to go into effect in 36 hours, which caused panic for employers, who instructed their workers to return to the U.S. immediately.
The lawsuit, filed in U.S. District Court in San Francisco, said the H-1B program is a critical pathway to hiring healthcare workers and educators. It drives innovation and economic growth in the U.S., and allows employers to fill jobs in specialized fields, the lawsuit said.
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Apple and Google blocked downloads of phone apps that flag sightings of U.S. immigration agents, just hours after the Trump administration demanded that one particularly popular iPhone app be taken down.
U.S. Attorney General Pam Bondi said such tracking puts Immigration and Customs Enforcement officers at risk. But users and developers of the apps say it’s their First Amendment right to capture what ICE is doing in their neighborhoods — and maintain that most users turn to these platforms in an effort to protect their own safety as President Donald Trump steps up aggressive immigration enforcement across the country.
ICEBlock, the most widely used of the ICE-tracking apps in Apple’s app store, is among the apps that have been taken down. Bondi said her office reached out to Apple on Thursday “demanding that they remove ICEBlock” and claiming that it “is designed to put ICE agents at risk just for doing their jobs.”
Apple soon complied, sending..

Billionaire Andrej Babiš became another populist leader in Central Europe to stage a political comeback by winning big in the Czech Republic’s parliamentary election, according to nearly complete results Saturday.
That result could steer the country away from supporting Ukraine and toward Hungary and Slovakia, which have taken a pro-Russian path.
With the results of 99.5% of the polling stations counted by the Statistics Office, Babiš’ ANO (YES) movement captured 34.7% of the vote, soundly beating the Together conservative coalition of Prime Minister Petr Fiala that received 23.2%.
Babiš was jubilant after his best electoral result, calling it “historic” for himself and his “catch-all” political group since it stormed into national politics in 2013.
“We want the Czech Republic to become the best place for life in the European Union and we will do everything to make it happen,” he told his supporters and media.
With the victory, Ba..

The lack of monthly data from the Bureau of Labor Statistics hasn’t kept Wall Street completely in the dark on what’s happening in the job market as private sources indicate a worsening picture, according Moody’s Analytics chief economist Mark Zandi.
The government shutdown prevented BLS from issuing its jobs report for September on Friday, putting outsized focus on alternate gauges.
Data from Revelio Labs, which scrapes professional networking sites like LinkedIn, show a gain of 60,000 jobs last month, mostly in healthcare and education.
But in a series of posts on X on Sunday, Zandi said that “paltry” increase likely is an overstatement as Revelio’s data has been revised significantly lower recently.
Meanwhile, ADP’s tally of private-sector payrolls found that employers shed a net 32,000 jobs last month, a figure Zandi said understates the decline as it doesn’t include public-sector jobs that the Department of Government Efficiency has slashed.
He al..

Former Treasury Secretary Larry Summers said Ford CEO Jim Farley’s idea of the “essential economy” is a good concept as it doesn’t focus narrowly on just factory work.
Amid fears that AI will wipe out large swaths of white-collar work, Farley has highlighted shortages in blue-collar professions, putting the unmet need at about 1 million jobs, as many American schools, families and policymakers have neglected the essential economy.
He even revealed recently that his son worked as a mechanic this summer and is questioning the need to attend college.
In a recent interview on Bloomberg TV’s Wall Street Week, Summers noted Farley isn’t fixated on a rigid notion of blue-collar jobs.
“I think Mr. Farley’s concept is a very good one, and it represents a very important difference from an idea that’s very fashionable, which is to fetishize manufacturing,” he said. “And by broadening the concept to fixing and moving as well as making things, I..

President Donald Trump is sending 300 California National Guard members to Oregon after a judge temporarily blocked his administration from deploying that state’s guard to Portland, California’s governor said Sunday.
Gov. Gavin Newsom pledged Sunday to fight the move in court.
There was no official announcement from Washington that the California National Guard was being called up and sent to Oregon, just as was the case when Illinois’ governor made a similar announcement Saturday about troops in his state being activated.
Oregon Gov. Tina Kotek said that 101 California National Guard members arrived in her state Saturday night by plane and more were on the way. Kotek said there has been no formal communication with the federal government about the deployment.
“This action appears to intentional to circumvent yesterday’s ruling by a federal judge,” Kotek said Sunday. “There is no need for military intervention in Oregon. There is no insurrection in Portland. No ..

This weekend’s box office belonged to two undeniable draws: Taylor Swift and Dwayne “The Rock” Johnson.
It might have looked like a heavyweight matchup, but Swift’s devoted fanbase once again proved unstoppable with her film “The Official Release Party of a Show Girl,” which debuted at No. 1 with $33 million in North America, according to Sunday estimates from Comscore. The AMC Theatres release — announced only two weeks ago with minimal promotion — served as a companion piece to Swift’s 12th studio album, packaging music videos, behind-the-scenes footage and profanity-free lyric visuals into an 89-minute experience.
The film played at all 540 AMC theaters in the U.S. for three days, ending after Sunday. AMC aired the show in Mexico, Canada and across Europe.
“For Taylor Swift to harness the power of the movie theater to build her brand, create excitement among her fans, and create a communal experience outside of her touring, outside of her live performances, is really a s..

An unexpected result in Japan’s leadership contest over the weekend rippled through global financial markets with the dollar surging against the yen on Sunday.
On Saturday, the ruling Liberal Democratic Party tapped Sanae Takaichi, positioning the conservative lawmaker to become Japan’s first female prime minister.
Markets had expected the more fiscally cautious Shinjiro Koizumi to win. But the LDP’s decision to go with Takaichi, who favors looser fiscal and monetary policies, could raise expectations that Tokyo will issue more debt while the central bank rethinks rate hikes.
With Japan’s debt burden already more than 200% of its GDP, the prospect of more debt-fueled stimulus spending could cause investors to demand higher rates on long-term bonds.
That in turn could add more upward pressure on bond yields elsewhere, like the U.S., which relies heavily on Japanese investors as top buyers of Treasury debt.
The yield on the 10-year Treasury rose 1.9 basis points to 4..