Hardship withdrawals from 401(k) plans hit record high
More Americans are taking retirement savings out of their accounts due to an "an immediate and heavy financial need."
More Americans are taking retirement savings out of their accounts due to an "an immediate and heavy financial need."
Stock app dangles a matching contribution to attract customers who may not have a company-based retirement plan.
Workers say they need 20% more than a year ago to retire, yet retirement savings are shrinking.
The tax agency said it is also boosting the contribution threshold for IRAs due to inflation.
Not every retirement account is the same. Finding a job with a great one could mean tens of thousands of dollars more when you retire.
As the economy remains uncertain, there are questions about how to best save for retirement. CBS News' Lana Zak has more on what retirement accounts could maximize your savings. Then, Harold Pollack, the Helen Ross Professor at the University of Chicago, joins Matt Pieper to discuss.
High inflation and fears of a recession have many Americans wondering what to do with their 401(k) retirement investments. Those fears have been magnified by U.S. stocks falling by at least 20% from their most recent peak in January. CBS News MoneyWatch reporter Aimee Picchi joined CBS News' Errol Barnett and Debra Alfarone to discuss.
The rising cost of consumer goods coupled with the stock market's decline is taking a devastating toll on Americans' retirement plans. This year's sell-off erased more than $3 trillion in value in retirement savings alone. John Leer, chief economist at Morning Consult, spoke with CBS News' Michelle Miller and Elaine Quijano about the affect on Americans' retirement plans.
U.S. stocks fell sharply on Thursday, pushing the Dow Jones below 30,000 for the first time since January 2021. Meanwhile, mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve hiked interest rates to tame inflation. Bartie Scott, a senior economy editor for Business Insider, joins Carter Evans to discuss.
Making the right moves with your investments and retirement plan is key when the stock market is in free fall like it has been. Joe Saluzzi, partner and co-founder of Themis Trading spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about what to do with your portfolio.
If you work for a private company, one of the easiest ways to save for retirement is a company-sponsored 401(k) plan. Here's how you can take advantage of the retirement plan that's offered by many employers.
Millions of American's are losing money in their 401K as stocks fall. Frances Stacy, director of strategy at Optimal Capitol, joins CBS News with advice on how to protect your retirement funds.
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
Stocks plummeted on Wall Street after disappointing quarterly results from the nation's largest retailers. CBS News senior White House and political correspondent Ed O'Keefe has the latest. Then, Akane Otani, a reporter for The Wall Street Journal, joins Elaine Quijano on CBS News to explain the current market volatility.
With more and more investment companies offering cryptocurrency as an option in retirement portfolios, the recent decline of digital currency means some people's retirement funds are losing money. Greg McBride, chief financial analyst at Bankrate, joins CBS News to explain what caused the crash and what it means for your investments.
Stocks hit their lowest point of the year Monday. All three major domestic indexes dropped by at least 2%. Dory Wiley, president and CEO of Commerce Street Holdings, joined "CBS News Mornings" to explain what's behind the recent swings and share advice for investors.
Bipartisan bill could help workers save at a time millions of Americans are financially unprepared for retirement.
Approximately 1 in 8 Americans hold student loan debt. Amy Richardson, a certified financial planner with Schwab Intelligent Portfolios Premium, joined CBSN's Tanya Rivero with tips for how new college graduates entering the workforce can pay off debt and save money.
Expanding a federal retirement savings program could decrease inequality and boost wealth for the poorest, experts say.
Workers can withdraw or borrow up to $100,000 from 401(k)s under new COVID-19 aid package. Retirement planners say only do this if necessary.
According to the American Psychological Association's "Stress in America" survey, nearly two in three adults this year said money is a significant source of stress in their life, and about half of adults said they have experienced negative financial impact due to the COVID-19 pandemic. Walser Wealth Management president Rebecca Walser joins CBSN to discuss how to manage financial anxiety.
Financial fallout caused by the COVID-19 pandemic is impacting many Americans' retirement savings. But for some, there could be a silver lining. If you've been considering converting a traditional IRA to a Roth IRA, now could be a beneficial time to do so. CBS News business analyst Jill Schlesinger joins CBSN to help navigate whether this may be a smart move for you.
Stocks tend to do well this time of the year, but some question whether 2019's near 30% gains can continue in 2020.
The act would expand lifetime-income options like annuities and allow part-time workers to join 401(k) plans
Mutual fund giant's affiliated charitable fund gave $330,000 to a group that equates homosexuals with pedophiles.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
The Florida sheriff's deputy has been placed on administrative leave after the deadly shooting of Senior Airman Roger Fortson.
Hunter Biden was indicted on federal gun charges in September and pleaded not guilty.
One skier was rescued and two were killed following an avalanche Thursday in the mountains outside of Salt Lake City.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Administrators at two universities cited pressure from students and the community over U.S. support for Israel in its war with Hamas.
Democratic Rep. Henry Cuellar and his wife, Imelda Rios Cuellar, have been indicted in an alleged bribery scheme.
New research links higher consumption of certain ultra-processed foods to a higher risk of death.
Trevor Bickford was sentenced to 27 years Thursday for attacking NYPD officers with a machete on New Year's Eve in 2022 near Times Square.
According to a survey from the Pew Research Center last year, 78% of Americans find single parenting acceptable.
One skier was rescued and two were killed following an avalanche Thursday in the mountains outside of Salt Lake City.
Democratic Rep. Henry Cuellar and his wife, Imelda Rios Cuellar, have been indicted in an alleged bribery scheme.
Maker of insulin pump urges customers to update an app because of glitch that causes the devices to unexpectedly shut down.
Former White House aide and wife of national security adviser Jake Sullivan Maggie Goodlander launched her campaign for Congress Thursday.
Maker of insulin pump urges customers to update an app because of glitch that causes the devices to unexpectedly shut down.
The fitness chain's $10 monthly membership is one of few things that had remained unchanged since 1998 — until now.
Sixty-one percent of the lowest-paid U.S. workers can't get time off for an illness, according to a recent Economic Policy Institute report on the state of sick leave in the United States.
At its height, the Chevy Malibu won Motor Trend Car of the Year 1997 because of its smooth ride and fuel economy.
The price of a McDonald's Quarter Pounder with Cheese meal has more than doubled since 2014, data show.
Democratic Rep. Henry Cuellar and his wife, Imelda Rios Cuellar, have been indicted in an alleged bribery scheme.
Former White House aide and wife of national security adviser Jake Sullivan Maggie Goodlander launched her campaign for Congress Thursday.
Democratic Senator Bob Menendez, of New Jersey, is set to be tried on bribery, corruption and obstruction charges beginning Monday.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
Administrators at two universities cited pressure from students and the community over U.S. support for Israel in its war with Hamas.
Maker of insulin pump urges customers to update an app because of glitch that causes the devices to unexpectedly shut down.
The fitness chain's $10 monthly membership is one of few things that had remained unchanged since 1998 — until now.
New research links higher consumption of certain ultra-processed foods to a higher risk of death.
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
Brain worms, like the one Robert F. Kennedy Jr.'s campaign said he contracted over a decade ago, are real — and more common in certain parts of the world than you might think.
Demonstrators chanting anti-Israeli slogans have descended on the Swedish city hosting the 2024 Eurovision Song Contest.
Mohammad Rasoulof has become the latest artist targeted in a widening crackdown on all dissent in the Islamic Republic.
Allan W. Knepper, 27, was among a squadron that encountered heavy anti-aircraft fire during an attack on Axis powers in July 1943.
One member of Israel's government says Hamas loves Mr. Biden, but other Israelis worry their leaders are losing the vital war for global support.
The blue lobster could have sold for roughly $30 based on her size, but it was decided to donate her to an aquarium to keep her safe instead.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Demonstrators chanting anti-Israeli slogans have descended on the Swedish city hosting the 2024 Eurovision Song Contest.
In "The Office" actor Rainn Wilson's new podcast "Soul Bloom," he speaks with comedians, experts and authors about creativity, spirituality and psychology.
Award-winning actor Rainn Wilson, famed for his role as Dwight Schrute in "The Office," joins "CBS Mornings" to talk about hosting the new podcast 'Soul Boom,' inspired by his bestselling book.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
The tech giant disclosed Thursday that a database was accessed through a Dell portal, which contains a database of customer information. CBS News' John Dickerson has the details.
FTX says most of its customers will receive some of their money back nearly two years after the cryptocurrency exchange collapsed. Yesha Yadav, associate dean of Vanderbilt Law School, joins CBS News to discuss how the payback will work.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
An undercover sting operation in New Mexico is renewing calls by law enforcement for social media platforms to do more to protect kids online. Bodycam video exclusively obtained by CBS News shows how police took down a suspected sexual predator allegedly targeting kids on Facebook messenger.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
Democratic Rep. Henry Cuellar and his wife, Imelda Rios Cuellar, have been indicted in an alleged bribery scheme.
Democratic Senator Bob Menendez, of New Jersey, is set to be tried on bribery, corruption and obstruction charges beginning Monday.
Florida officials have released body camera footage of the events that led to the death of U.S. Air Force Senior Airman Roger Fortson, who was shot and killed in his own home by a sheriff's deputy. Keith Taylor, a professor at John Jay College of Criminal Justice, joins CBS News with more on the incident.
Trevor Bickford was sentenced to 27 years Thursday for attacking NYPD officers with a machete on New Year's Eve in 2022 near Times Square.
Wilson's parents are asking for over $1 million in damages in the wrongful death lawsuit.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Carissa Carroll's son Jack was born with Down Syndrome in 2013. So, when Jack turned 1, she founded Jack's Basket, a group which delivers supplies and information to parents newly-coping with a Down Syndrome diagnosis.
Officials released body camera footage of the fatal shooting of a U.S. airman at his Florida apartment by a sheriff's deputy. The family of Senior Airman Roger Forston and the sheriff's department have given contradictory accounts of the events that led up to the killing. Mark Strassmann explains.
Veteran CBS News Colorado reporter Rick Sallinger has died at the age of 74. Sallinger started reporting for the station more than 30 years ago, and covered some of the state's biggest stories. His work earned numerous honors, including a prestigious George Foster Peabody Award.
Israeli Prime Minister Benjamin Netanyahu pushed back Thursday after President Biden indicated the U.S. would withhold more weapons if Israel chooses to carry out a ground offensive in the southern Gaza city of Rafah. Ramy Inocencio reports from Tel Aviv.
Relentless heavy rain and wind pummeled the Southeast on Wednesday, with at least two tornadoes touching down in Tennessee. In Maury County, south of Nashville, a tornado killed one person and destroyed more than 100 homes. Dave Malkoff has the latest.