IRS is raising the 401(k) contribution limit by record amount
The tax agency said it is also boosting the contribution threshold for IRAs due to inflation.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
Three people are dead after a gunman opened fire at a Jewish community center and a retirement facility near Kansas City; and, A new series about climate change will premiere soon on Showtime. "Years of Living Dangerously" uses celebrities to highlight the global challenges caused by climate change.
A powerful stream of moisture is bringing much-needed precipitation to drought-stricken parts of Northern California. For many areas, though, the heavy rain, wind and snow are too much; and,It was a year ago this week that the pursuit of a former LA cop and accused killer Christopher Dorner reached its climax. Carter Evans recalls being on the front lines of the final confrontation.
A record number of Americans are risking their financial futures by making early withdrawals from their retirement accounts. CBS MoneyWatch personal financial advisor Ray Martin joins “CBS This Morning: Saturday” with more on this disturbing trend.
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.
House Republicans revealed details of their tax proposal Thursday, saying it will cut corporate taxes and also help middle income families. CBS News political contributor Ed O’Keefe and Business Insider's "Your Money” editor Lauren Lyons Cole join CBSN with a look at the changes proposed in the GOP tax plan.
On Thursday, the House GOP unveiled details of their tax proposal. House Speaker Paul Ryan said it will "deliver real relief." The tax proposal aims to permanently cut the corporate tax rate from 35 percent to 20 percent as well as repeal the alternative minimum tax. Watch the full press conference here.
Lawmakers demand answers after ambush in Niger; how would potential pre-tax 401(K) limits affect retirement savings
Reports last week that GOP lawmakers are considering capping pre-tax 401(k) contributions caused alarm and concern. Former U.S. Deputy Labor Secretary Seth Harris joins "Red and Blue," and said he doesn't think Republicans will be able to pass tax reform before the end of the year. He added that it would be "political suicide" if they fail to pass one.
President Trump is pushing Republicans to pass tax reform quickly. Ed O'Keefe, CBS News contributor and congressional reporter for The Washington Post, joins CBSN to share what we know so far about the GOP plan, and whether it has a good chance of passing before Thanksgiving.
If you are leaving your job, retirement savings may not be the first thing on your mind. But it pays to think about what to do with your 401K before jumping to your next gig. CBS MoneyWatch reporter Jill Harding joins CBSN to discuss some of the options to consider.
Many people may not realize they own gun manufacturers and retailers via their retirement funds.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Authorities on Thursday released the first physical description of a male suspect wanted in connection with the Arizona disappearance of Nancy Guthrie.
The Senate failed to advance a measure to fund the Department of Homeland Security on Thursday, paving the way for another partial government shutdown without a last-minute breakthrough.
Lindsey Vonn broke her left leg in a crash during her downhill race at the Winter Olympics last weekend.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
Kathryn Ruemmler served as White House counsel under former President Barack Obama.
A judge dismissed charges against two men charged with assaulting ICE officers after the Justice Department said "newly discovered evidence" was "materially inconsistent" with the allegations.
Several people charged in connection with a protest at a Minnesota church whose pastor served as an Immigration and Customs Enforcement official are set to be arraigned Friday afternoon in a Minneapolis federal courtroom.
In a conversation to air on "CBS Sunday Morning" Feb. 15, Gisèle Pelicot discusses how she has moved on in her life after testifying against her ex-husband in a notorious mass rape trial in France.
Funding for the Department of Homeland Security will expire at the end of the day Friday. Here's what will be affected.
A Brazilian au pair got the maximum 10-year sentence after confessing to scheming with her lover to kill his wife and another man.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Maryland Gov. Wes Moore told CBS News that no administration has ever fully figured out an effective immigration system and only Congress can fix it.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
Love is biting consumers this year amid the rising cost of flowers, chocolates and other Valentine's Day staples.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Funding for the Department of Homeland Security will expire at the end of the day Friday. Here's what will be affected.
Maryland Gov. Wes Moore told CBS News that no administration has ever fully figured out an effective immigration system and only Congress can fix it.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
As Russia and Ukraine confirm a 3rd round of U.S.-mediated peace talks, this time in Europe, Zelenskyy says Trump admin "must put pressure on Russia."
Several people charged in connection with a protest at a Minnesota church whose pastor served as an Immigration and Customs Enforcement official pleaded not guilty Friday afternoon in a St. Paul federal courtroom.
Twenty one states in the U.S. have confirmed cases of measles.
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
A man who was wanted by Italian authorities for a series of 2010 thefts was arrested when he arrived at the Olympics on Wednesday.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
Lindsey Vonn broke her left leg in a crash during her downhill race at the Winter Olympics last weekend.
As Russia and Ukraine confirm a 3rd round of U.S.-mediated peace talks, this time in Europe, Zelenskyy says Trump admin "must put pressure on Russia."
Pentagon says "more than 5,700 adult male ISIS fighters" have been moved to Iraq, completing the operation as questions linger over due legal process.
"Sinners" cinematographer Autumn Durald Arkapaw says she doesn't want the audience to notice her work because "you wanna make it so good it feels like a dream." The Oscar nominee is the first woman of color nominated in the cinematography category and only the fourth woman ever. It's the only Oscars category never won by a woman. She talks about her career journey to this historic moment.
Constance Zimmer, who stars in the new season of "The Lincoln Lawyer," talks about how she channels her powerful character in the series and why it's important for her to always make her characters relatable.
James Van Der Beek, known for starring in "Dawson's Creek" and "Varsity Blues," died Wednesday at the age of 48 after a battle with colorectal cancer. Vladimir Duthiers reports on the beloved actor's career.
Katie Holmes and Busy Philipps are among the "Dawson's Creek" cast members sharing memories of James Van Der Beek after his death at age 48.
James Van Der Beek, star of "Dawson's Creek" and "Varsity Blues," has died at age 48, according to his publicist and a post from his wife on social media. Carter Evans has more on his life and career.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
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.
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
Many are questioning how Nancy Guthrie's Google Nest surveillance footage was recovered days after officials said it was disconnected with no active subscription to store video.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
Former CNN anchor and independent journalist Don Lemon pleaded not guilty to federal charges linked to a protest inside a church in Minneapolis. CBS News' Katrina Kaufman reports.
The FBI has increased the reward from $50,000 to $100,000 in the Nancy Guthrie disappearance case. CBS News' Andres Gutierrez reports.
A man who was wanted by Italian authorities for a series of 2010 thefts was arrested when he arrived at the Olympics on Wednesday.
The judge rejected arguments that Austin David Thompson deserved the chance for release decades from now.
The massive Trump administration immigration crackdown in Minnesota is expected to end. CBS News' Lilia Luciano reports on the state's reaction.
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
"There is no way for any American to know if a product is safe if it is ultraprocessed," Health Secretary Robert F. Kennedy Jr. tells 60 Minutes. Sunday, Bill Whitaker reports on a decades-old loophole that Kennedy says has allowed thousands of ingredients into the U.S. food supply.
Former CNN anchor and independent journalist Don Lemon pleaded not guilty to federal charges linked to a protest inside a church in Minneapolis. CBS News' Katrina Kaufman reports.
The FBI has increased the reward from $50,000 to $100,000 in the Nancy Guthrie disappearance case. CBS News' Andres Gutierrez reports.
Lawmakers did not agree on a plan to fund the Department of Homeland Security, setting the stage for another partial government shutdown. CBS News' Nikole Killion and Nicole Sganga report.
Maryland Gov. Wes Moore told Norah O'Donnell that immigration has been "punted on for a very long time" as he criticized both the Trump and Biden administration's policies during a CBS News THINGS THAT MATTER Town Hall. Watch Moore's full conversation with O'Donnell on Sunday at 8 p.m. ET/PT on CBS, right after 60 Minutes.