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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.
Rev up your engine to watch today's Cabo Wabo 250 NASCAR Xfinity Series race, even if you don't have cable.
And you can get a model from a major brand, too.
If you're looking to upgrade your TV to watch the 2024-2025 NFL season, here are our top recommendations for watching live sports and other action.
Get this Dyson device for $200 off right now.
These best cooling floor fans from Dyson, Honeywell, Black+Decker and more will cool you day and night.
Don't miss your chance to score top-rated Monos luggage at a 20% off during the limited-time Golden Hour sale.
Water your plants without frustration: These garden hoses are guaranteed to give you a kink-free water flow.
Expand your Sony PS5 storage with our picks for the best internal and external hard drives of 2024.
Take your iPhone with you wherever you go this season, whether that's poolside or your favorite beach.
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
It marked the first-ever well-preserved mastodon skull excavated in Iowa, state officials said.
When a barefoot woman boarded Jayne Arendt-Verhelst's bus in Minneapolis, she immediately took the shoes off her own feet and gave them to the passenger.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
Alternatives to the often dreaded pap smear may be on the way for cervical cancer screenings. Here's what to know.
Massachusetts Gov. Maura Healey has announced a plan to save five Steward hospitals from closure.
Philadelphia singer Jessy Kyle created a new bra inspired by her medical journey, which included a heart attack and kidney transplant.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
ABC News Australia's Nate Byrne is being praised both for how he handled the on-air panic attack as well as the visibility he's bringing to mental health.
A 19-year-old giant panda named Ying Ying has given birth to twins, becoming the oldest known first-time panda mom.
The Butler County native has been in Russian prison since 2021.
The HMS Hawke was torpedoed by a German U-boat on October 15, 1913. Just 70 sailors survived.
Chinese-based tour operators said North Korea will soon allow visitors to the mountainous northern city of Samjiyon.
The woman was found dead "because of being constricted and bitten by the snake," a police spokesman said.
Jools Lebron is taking TikTok by storm with her "demure" videos, transforming a simple word into a powerful statement on confidence and mindfulness. We looked into the trend.
Jools Lebron's viral TikTok videos have given new meaning to the word "demure." We break down what it means.
Academy Award-nominated actor Elliot Page and actress Hillary Baack star in the heartfelt film "Close to You," exploring themes of love, identity and the challenges of returning home.
Taylor Swift kicked off the latest leg of her record-breaking Eras Tour on Thursday, her first performance since canceling three shows in Vienna due to an alleged terror plot from ISIS. While Swift did not address the plot or cancellations, heightened security measures were in place.
Following a nine-month investigation into the death of "Friends" star Matthew Perry, five people, including two doctors, one of his assistants and an alleged drug dealer, have been criminally charged.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Artificial intelligence and misinformation remain a threat this election year. So how can you spot what's real and what's not? Darren Linvill, co-director of the Media Forensics Hub at Clemson University, joins CBS News with tips.
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.
Iran has launched a sweeping, months-long cyberattack targeting both the Democratic and Republican presidential campaigns, according to a new report by Google. Nicole Sganga has details.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
There are hundreds of data centers across the U.S., most of which are run by big tech firms, and their seemingly endless rows of servers are consuming huge amounts of electricity. Ben Tracy takes a look at how one of those companies, Google, is turning to renewable energy sources to power them.
Hurricane Ernesto is gaining strength in the Caribbean after drenching Puerto Rico and the U.S. Virgin Islands. Now the storm is moving north into the Atlantic, where it's expected to continue strengthening as it heads toward Bermuda. CBS News national correspondent Manuel Bojorquez and WCBS chief weathercaster Lonnie Quinn have more.
On July 24, a burning car was pushed over an embankment in Chico, California. Within three days, it became one of the 10 largest wildfires in state history. Within nine days, it was among the top four. Still burning at over 429,000 acres, firefighters continue to tackle the historic blaze. Using data from Cal Fire, CBS News put together an animation to show just how quickly and far the flames have spread.
There are plenty of considerations for those interested in making the investment, according to industry experts.
Joro spiders have hearts that are able to withstand the loud and bustling noises of big cities, according to a study published on Monday.
Susan Lorincz, a White woman accused of killing her neighbor Ajike "A.J." Owens, a Black woman, during a dispute in Ocala, Florida, has been found guilty of manslaughter.
Susan Lorincz, 60, faces up to 30 years in prison at sentencing for the shooting death of her neighbor, Ajike "A.J." Owens.
Lisa Jeanine Findley, 53, faces federal charges of mail fraud and aggravated identity theft.
The manhunt for a convicted murderer who escaped from custody is over. Police found Ramone Alston early Friday morning at a hotel outside of Charlotte, North Carolina, more than a hundred miles from the Hillsborough hospital parking lot he ran from on Tuesday.
The escaped killer of a 1-year-old girl who fled from a medical transport van, Ramone Alston, was captured days later in a hotel in the Charlotte, N.C. suburb of Kannapolis, authorities said.
CBS News spoke with the astrophotographer behind the viral photo about his mission to drive people to look at the night sky before it changes "within the period of our lifetime."
Seventy-one days after launch, NASA finally nears a decision on whether Boeing's Starliner will return to Earth with, or without, a crew.
NASA held a press briefing Wednesday and announced a decision will be coming on how the Boeing Starlink capsule crew stuck at the International Space Station will proceed with their mission in space. CBS News' Lindsey Reiser has more.
The historic, privately financed space flight will carry humans above Earth's ice caps for the first time.
The Perseid meteor shower peaked in the night skies of Sunday into Monday, giving astronomy fans one of the best shows of 2024 as they looked to the skies.
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 look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
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."
On the day of his death, "Friends" star Matthew Perry was injected with three shots of ketamine by his personal assistant, Kenneth Iwamasa, according to a plea agreement Iwamasa reached with federal prosecutors. Perry had been introduced to the drug in a clinical setting to help treat depression, but investigators said he later turned to illegal sources. Adam Yamaguchi reports from Los Angeles.
When a barefoot woman boarded Jayne Arendt-Verhelst's bus in Minneapolis, she immediately took the shoes off her own feet and gave them to the passenger. Steve Hartman has the story in "On the Road."
New rules that will impact real estate agents, homebuyers and sellers will take effect this weekend as part of a groundbreaking antitrust settlement earlier this year. Under the new rules, it will now be standard practice to negotiate commissions with agents. Jo Ling Kent examines the changes.
A Florida jury returned a guilty verdict Friday in the trial of a White woman who fatally shot her Black neighbor last year. Prosecutors said the defendant, Susan Lorincz, had yelled at the victim's children while they were playing outside. When Ajike "A.J." Owens went over to confront Lorincz, she was killed. Mark Strassmann has details on the verdict.
The Democratic National Convention kicks off Monday in the Windy City, and security is tight as Chicago prepares for thousands of pro-Palestinian protesters. Ed O'Keefe has the latest.