Record share of Americans are tapping 401(k)s for hardship withdrawals
More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
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More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
Many people in their 50s are part of the so-called "sandwich generation" of workers who support both young relatives and aging parents.
The investigation into a listeria outbreak linked to deli meats from Boar's Head continues, Eli Lilly is cutting the price of its weight loss drug Zepp and the number of "401k millionaires" is growing.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
More employees are tapping their nest eggs to cover financial emergencies, from medical care to avoiding eviction.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
Saving $1 million for retirement may sound like an impossible task that not many people have achieved.
According to personal finance website GoBankingRates.com, 42 percent of Americans polled said they have less than $10,000 saved for their eventual retirement.
SurePayroll's General Manager Andy Roe investigates why a majority of small businesses offer little to no retirement plan options.
Whether you're 25 or 55, you know you'll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
A judge has upheld most aspects of a new law requiring Michigan public school employees to pay more for their pensions.
A judge has temporarily blocked full implementation of a new law requiring Michigan public school employees to pay more for their pensions.
The Michigan House has approved legislation ending state-provided health care coverage in retirement for new teachers but not a provision forcing them into a 401(k)-style retirement plan.
New teachers in Michigan still would get hybrid pensions under changes made to a teacher benefits bill.
The Michigan Senate has passed a bill that would end pensions for newly-hired public school workers and instead give them 401-k's.
One investment expert recommends investors stay conservative in 2012.
Legislation aimed at reining in retiree benefit costs for Michigan state workers was approved Thursday by the Republican-led House Appropriations Committee.
If you're looking to lay blame for higher gas prices, you might want to look no further than your own 401k retirement account.
Click to view investment workshops for the month of February 2012.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
The State of Michigan has a new symbol, with the wood duck designated as the state's official duck.
The No. 3 seed Spartans (27-7) face the No. 2 seed Huskies (31-5) at 9:45 p.m. from Washington, D.C.
An electricity rate hike at Consumers Energy will add an average $6.46 to residential monthly bills, starting in May.
A Gaylord city council member is facing charges relating to sexual conversations with two individuals who were posing as a teenage boy, state police said.
The results of an absentee ballot review could have an impact on the Hamtramck mayoral race that ended in Adam Alharbi's win over Muhith Mahmood.
The next in a series of public demonstrations across the U.S. under the "No Kings" messaging theme is scheduled for Saturday.
An electricity rate hike at Consumers Energy will add an average $6.46 to residential monthly bills, starting in May.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
A spokesperson from the Michigan Department of Corrections told CBS News Detroit that Jarvis Butts died by suicide, two weeks after he was sentenced.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Kevin McGonigle got four hits in his auspicious major league debut during the Detroit Tigers' 8-2 victory over the San Diego Padres.
Jalen Duren had 30 points and 10 rebounds to lead the Detroit Pistons past the New Orleans Pelicans 129-108.
A child under the age of 5 is now the latest case of measles in an outbreak being traced in Washtenaw County, Michigan.
As communities across the country face growing fears of increased immigration enforcement patrols, a coalition of civil rights advocates and health care professionals in Michigan is banding together to offer support for those on the frontlines.
Oakland County officials say medical debt impacts approximately 114,000 county residents.
A measles outbreak continues to expand in Southeast Michigan, with a fourth suspected case now reported in Washtenaw County.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
The No. 3 seed Spartans (27-7) face the No. 2 seed Huskies (31-5) at 9:45 p.m. from Washington, D.C.
Organizers say they expect a strong turnout again as Detroit continues to show its support for women's professional hockey.
The No. 1 seed Wolverines (33-3) face the No. 4 seed Crimson Tide (25-9) in Chicago.
Kevin McGonigle got four hits in his auspicious major league debut during the Detroit Tigers' 8-2 victory over the San Diego Padres.
Jalen Duren had 30 points and 10 rebounds to lead the Detroit Pistons past the New Orleans Pelicans 129-108.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
A Michigan Court of Appeals has ruled that 37 absentee ballots that remain uncounted from the Hamtramck, Michigan, mayoral election in November must be reviewed and included. The results of that review could have an impact on the mayoral seat because of how narrow Adam Alharbi's win was over city councilman Muhith Mahmood.
Detroit Lions cornerback Terrion Arnold's name was mentioned in text messages allegedly tied to an assault and robbery case in Florida, according to documents obtained by CBS News Detroit. The messages were obtained through a records request with the Florida State Attorney's Office in the 13th Judicial Circuit Court.
MoonWinks Cafe & Tavern, which is based in Ann Arbor, Michigan, was selected as a 2026 Michigan 50 Companies to Watch awardee. Here's a look at some of their popular menu items
The PWHL Takeover Tour is back in Detroit for a second time this 2025-26 season. The New York Sirens and Montréal Victoire will face off at Little Caesars Arena.
The Michigan men's basketball team takes on Alabama, while Michigan State faces UConn in the Sweet 16. The Michigan women's basketball team will face Louisville in the Sweet 16 contest.