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Millions of Gen-Xers have almost nothing saved for retirement
"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
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"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
Two out of three U.S. adults do not have a will or other estate planning documents, according to a Caring.com survey
With the delay of the tax filing deadline this year, you can contribute to your traditional or Roth IRA accounts until May 17. CBS News business analyst Jill Schlesinger joins CBSN to discuss how to make the most of your retirement savings.
Millions of Americans are seeing their finances taking serious hits because of the pandemic, and some people are looking to withdraw money from their retirement funds. Daniel Geltrude, founder and managing partner at financial consulting firm Geltrude & Company, joins CBSN to discuss how you can get your retirement planning back on track.
CBS MoneyWatch spoke to The New School's retirement expert, labor economist Teresa Ghilarducci, about why women and workers of color are more likely to be forced into early retirements during the coronavirus pandemic.
Investing can seem intimidating when you have no background information or resources, but it may be more accessible than you think. Something as simple as a 401(k) or IRA can lead to greater retirement earnings than using a traditional savings account. CBS News business analyst Jill Schlesinger joined CBSN with more on how to make the most out of your investments.
Workers at every age should try to set aside some of their earnings for retirement, said CBS News Business Analyst Jill Schlesinger
The rules for hardship withdrawals are strict and the costs of taking money from your future retirement can be sky-high
The bipartisan bill would allow more small businesses to help with retirement plans, help contribute and pay off loans and let parents use retirement money to help with childcare
Millennials take note: The key to retiring on time is starting to save money early. Follow this advice from experts
Half of American parents are skimping on retirement savings to support their adult children. Here's why that's bad
The bedrock retirement programs for middle- and working-class Americans are in shaky financial shape, report shows
A generation defined by high levels of debt often thinks paying off credit cards and student loans trumps saving for retirement
In our Eye on Money series, we are looking at costly mistakes people make with their finances. Failing to have a will is one of the biggest errors you can make. Fifty-eight percent of American adults have not prepared estate planning documents, according to Caring.com. We spoke to a Massachusetts woman who could lose the home she has lived in for most of her life because her step-father did not leave a will. CBS News business analyst Jill Schlesinger, who writes about the importance of having a will in "The Dumb Things Smart People Do with Their Money," joins "CBS This Morning" to offer practical tips.
A new survey by the investment giant BlackRock suggests tens of millions of Americans still haven't started saving for their retirement. Only 52 percent of women say they've begun to put money away, compared to 61 percent of men. Americans who have a retirement savings plan say they feel a greater sense of well-being. BlackRock president Rob Kapito joins "CBS This Morning" to discuss the state of retirement savings.
It really depends on how old you are and whether you've got a strategy in place for inevitable market drops
Tom Coomer, 80, is just one of nearly 10 million Americans over 65 still working. He was working as a machinist when his plant closed down, just one year shy of getting his full pension. CBS News correspondent Mark Strassmann has his story.
Many Americans are forced to hold off on their retirement, working past 65. CBS business analyst Jill Schlesinger joins "CBS Evening News" anchor Jeff Glor to explain why people are working longer, and what they can do to secure their financial future.
The IRS has raised its annual contribution maximums for 401(k)s, IRAs, and health savings accounts
A new survey finds workers who retired are coming back to the workforce, many times in a completely different career. Katie Aupperle from KXJB-TV reports from Fargo, North Dakota.
Your chances of having enough savings set aside by retirement time are much greater if you follow these tips
A new study reveals a jarring truth for baby boomers. Instead of retirement and relaxation, many are facing bankruptcy. More than 12 percent of those who file for bankruptcy protection are over 65, a figure that was just over 2 percent in 1991.
It can be tempting to chase high-flying stocks that could reap big rewards--but also carry big risks. Here's what financial experts recommend to keep your retirement on track.
Even if you don't think you've invested in tech stocks, there's a good chance you have if you have a retirement fund. Co-founders of MarketSnacks, Nick Martell and Jack Kramer, join CBSN to discuss the impact of investing in highly valued tech stocks.
Just a few more months of work can make a big difference for your retirement savings.
Wake up to the best cyclists in the world competing in the 2024 Tour de France. Find out how to watch today.
Boost your grilling game this 4th of July and all summer long with a new Traeger grill. They're on sale now.
Add some mood lighting to your home with these fun Govee smart lights that you can save on right now.
Check out these incredible appliance deals available during LG's July 4th sale.
Now see this: Big savings can be found when purchasing prescription eyewear during GlassesUSA's 4th of July sale.
Give your patio a makeover this summer for as low as $82 at Walmart, with free shipping.
Save up to $1,500 on a Samsung "The Frame" smart TV this Fourth of July.
Walmart+ has an abundance of offerings you may want to prioritize over Amazon. Here's what you should know.
This Carote cookware set with detachable handles saves kitchen space. It's more than half off ahead of Prime Day.
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of the justices.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Beryl is the first hurricane in more than fifty years to appear before July 4th in the Atlantic basin.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Last night's presidential debate between Biden and Trump marked a drop in TV viewership from 2020 and 2016.
CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Army of volunteers raced to hand out jugs of milk and bags of groceries to line of cars outside Fordyce High School.
One candidate stumbled, the other repeatedly lied. John Dickerson considers the next steps in an election in which President Biden has declared democracy itself is on the ballot.
Robert Costa examines the political fallout from Thursday's presidential debate.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Pennsylvania Rep. Madeleine Dean, a Democrat, said of Biden, "He had a bad debate. There's no two ways about that."
The Biden campaign says President Biden will "absolutely not" step aside.
CBS News chief medical correspondent Dr. Jon LaPook talks with experts about the distinctions between normal and abnormal aging as it affects memory issues, a workforce continuing beyond traditional retirement age, and the testing of surgeons who currently work without age limits. (This story was originally broadcast on February 18, 2024.)
Less than 100 intestinal transplants were done in 2023. For Danielle Perea, the surgery was her only chance.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Japan's Kobayashi Pharmaceutical says its looking at possible links between 80 deaths and its benikoji red yeast supplements.
For the destroyer's crew, the war between Israel and Hamas turned a routine seven-month deployment to the Middle East into a fight against Iranian-backed Houthi rebels, who launched drones and missiles from Yemen in support of Hamas.
No one has so far claimed responsibility for the attacks.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
India won its second T20 World Cup but its first world title in 12 years.
Five members of the same family were killed when their house was swallowed by a landslide while they were asleep, officials said.
His recently uncovered photographs, long thought lost, are the basis of the former Beatle's book, "1964: Eyes of the Storm," and an exhibition currently at the Brooklyn Museum.
Paul McCartney recently uncovered photographs he'd thought were lost – ones he took during The Beatles' first tour of America in 1964. The pictures – candid shots from the vantage point of newly-anointed superstars – are the basis of the book, "1964: Eyes of the Storm," and an exhibition currently on view at the Brooklyn Museum. Correspondent Anthony Mason gets a private tour with McCartney, who talks about documenting the astonishing welcome that the "lads from Liverpool" received in the U.S. (An earlier version of this story was broadcast on June 18, 2023.)
"Sunday Morning" remembers some of the notable figures who left us this week, including comic actor Martin Mull.
Breaking (or breakdancing), an acrobatic dance style with its roots in New York's hip hop culture, is making its Olympic debut in this year's Summer Games in Paris. Correspondent Luke Burbank talks with Victor Montalvo (a.k.a. B-Boy Victor), who will be competing for breaking gold; and with founding members of the b-boy group New York City Breakers, who came up with some of the sport's original moves in the Bronx back in the late 1970s and early '80s.
From the moment she first began appearing at the side of John F. Kennedy Jr., Carolyn Bessette became one of the most photographed women in the world. Her personal style continues to have an impact 25 years following her death.
This week marks 50 years since the debut of the barcode, those machine-readable black stripes that have changed many aspects of modern life. Bradley Blackburn looks back at its history.
Three major mobile carriers say customers abroad can't make phone calls, send messages.
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.
Recall involves about 132,000 units due to lithium-ion batteries that can overheat, with $20,000 in property damage reported.
Voice actors Paul Skye Lehrman and Linnea Sage say their voices are their livelihoods and are now being stolen by AI.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
Scientists are racing to figure out what's causing strange behavior and even deaths among fish, including the endangered sawfish. The phenomenon started in the Florida Keys, but has been seen as far north as Tampa.
South Africa is home to a large majority of the world's rhinos and as such is a hot spot for poaching driven by demand from Asia.
New research paints a worrying picture about the state of polar bears in Canada's Hudson Bay. The big furry bears could go extinct in the region as early as the 2030s due to thinning ice, longer ice-free seasons and human activity leading to climate change. Geoffrey York, one of the study's co-authors, joins CBS News to break down the findings.
Scientists monitoring 51 chimpanzees saw sick or injured animals eating certain plant items that were not part of their normal diet.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Police fatally shot a 13-year-old boy late Friday night following a chase in Utica, New York, after the teen displayed what turned out to be a replica handgun, authorities said. Michael George has the latest.
Police said they spotted what "appeared to be a handgun" during the chase, but was later determined to be a pellet gun resembling a Glock 17.
The 36-year-old woman is being held in the Mecklenburg County Jail on a $250,000 bond, jail records show.
The problem for NASA and Boeing is that the Starliner's service module is discarded before re-entry and burns up in the atmosphere.
The latest GOES satellite will play a critical role in tracking hurricanes and other dangerous storms across North America.
China's Chang'e 6 is the first craft ever to collect soil and rock samples from the side of the moon that faces away from Earth into space.
NASA has again postponed the troubled Boeing Starliner's trip home from the International Space Station as crews assess a series of helium leaks. Those leaks had also delayed the first crewed launch of the ship multiple times. Mark Strassmann reports.
NASA canceled a spacewalk on Monday due to a leaky spacesuit. And Starliner commander Barry "Butch" Wilmore and co-pilot Sunita Williams will remain at the International Space Station longer than planned after NASA and Boeing delayed the capsule's return to Earth. CBS News space consultant Bill Harwood breaks down the issues the astronauts are navigating in space.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
At this year's first presidential debate, one candidate stumbled, the other repeatedly lied. CBS News correspondent John Dickerson, anchor of "The Daily Report," considers the next steps in an election in which President Biden has declared democracy itself is on the ballot.
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of justices. Correspondent David Pogue talks with experts who explain why initiatives at the nation's highest court -- from a code of ethics to term limits to the nuclear option of impeachment -- are unlikely to restore respect and trust in SCOTUS any time soon.
Paul McCartney recently uncovered photographs he'd thought were lost – ones he took during The Beatles' first tour of America in 1964. The pictures – candid shots from the vantage point of newly-anointed superstars – are the basis of the book, "1964: Eyes of the Storm," and an exhibition currently on view at the Brooklyn Museum. Correspondent Anthony Mason gets a private tour with McCartney, who talks about documenting the astonishing welcome that the "lads from Liverpool" received in the U.S. (An earlier version of this story was broadcast on June 18, 2023.)
For the crew of the USS Carney, the war between Israel and Hamas turned a routine seven-month deployment to the Middle East into a fight against Iranian-backed Houthi rebels in Yemen, who launched drones and missiles in support of Hamas. CBS News national security correspondent David Martin talks with commanders of the destroyer that patrolled the Red Sea, defending commercial ships transiting to and from the Suez Canal.
At a time when educators may face restrictions on what they can teach, a contest sponsored by the non-profit organization National History Day offers students in grades 6-12 the opportunity to explore significant topics of history. Correspondent Faith Salie talks with some of the young people using writing, performance art and documentary filmmaking to tell stories of the past that resonate today, proving that history never gets old.