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."
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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.
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.
Democrats say they are considering Republicans' "last and final" offer to end the DHS shutdown. Follow live updates.
President Trump on Thursday extended a pause on striking Iranian energy infrastructure until April 6.
Deposed Venezuelan leader Nicolás Maduro and his wife are set to appear Thursday in federal court in Manhattan.
President Trump announced the extension of the pause "per Iranian government request."
MacDill Air Force Base in Tampa, Florida, is home to U.S. Central Command, U.S. Special Operations Command and the Air Force's Air Mobility Command.
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
Justice Department lawyers said in the memo that it was a "regrettable error" to cite the memo in monthslong litigation.
United Airlines said the pilots saw the helicopter, received a traffic alert and leveled the aircraft.
DOJ plans to turn over voter data it's collecting from states to DHS for use in immigration and criminal investigations, sources say.
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
President Trump announced the extension of the pause "per Iranian government request."
United Airlines said the pilots saw the helicopter, received a traffic alert and leveled the aircraft.
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
RNC representatives toured the American Airlines Center last month.
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
As oil prices surge, some experts are urging consumers to take energy-conserving steps like working from home or driving less.
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
With Social Security's trust fund sliding toward insolvency, one group wants to cap benefits for the wealthiest U.S. couples.
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
As AI use rises, many see it decreasing the number of jobs available.
President Trump announced the extension of the pause "per Iranian government request."
RNC representatives toured the American Airlines Center last month.
MacDill Air Force Base in Tampa, Florida, is home to U.S. Central Command, U.S. Special Operations Command and the Air Force's Air Mobility Command.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Transgender women athletes are now excluded from women's events at the Olympics after the IOC agreed to a new eligibility policy on Thursday.
Russia is providing intelligence support to Iran in the Middle East war to "kill Americans," Kaja Kallas said Thursday.
The Syrian man has been identified as a terrorist threat by the U.S. for belonging to Iran-backed militant group Hezbollah.
Twin mountain gorillas were recently born in the Virunga National Park, renowned for its biodiversity but threatened by conflict.
Camila Morrone, who stars in the series "Something Very Bad Is Going to Happen," speaks to "CBS Mornings" about the show, what intimidated her about the horror genre, and working with the Duffer brothers.
(Spoilers ahead) "CBS Mornings" reveals shocking details about the latest "Survivor" elimination ceremony.
Oscar-winning filmmaker Peter Jackson announced on Wednesday that "The Late Show" host Stephen Colbert will co-write the next "Lord of the Rings" movie. "The Late Show" airs its final episode in May.
Major League Baseball's "robot umpire" made its debut in the season-opening New Yankees-San Francisco Giants game in Oracle Park.
A newly released video shows the police interactions with Taylor Frankie Paul in 2023 that led to charges, including domestic violence in the presence of a child. CBS News Shanelle Kaul has the latest.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
As AI use rises, many see it decreasing the number of jobs available.
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.
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Researchers in Cambodia surveyed dozens of previously unexplored caves and found several species never seen before, including a pit viper that is still being studied.
The trial of a Hawaii doctor accused of attempting to murder his wife while on a hiking trail is underway. CBS News chief correspondent Matt Gutman breaks down footage of the alleged incident that the jury watched on Wednesday. Then, CBS News legal contributor Jessica Levinson joins with analysis.
Former Venezuelan President Nicolas Maduro appeared at a New York courthouse on Thursday for a hearing in his drug trafficking case. CBS News legal reporter Katrina Kaufman has the details.
MacDill Air Force Base in Tampa, Florida, is home to U.S. Central Command, U.S. Special Operations Command and the Air Force's Air Mobility Command.
The New York City Police Department is unveiling its gender-based violence policy and training unit to help survivors and investigate aggressors. CBS News' Anna Schecter reports.
Former Venezuelan President Nicolás Maduro is expected in court today for a hearing where he is expected to seek the dismissal of charges against him. CBS News' Anna Schecter has more.
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
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.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
It's been more than a month since TSA workers received a full paycheck due to the partial government shutdown. TSA officer Angela Grana joins "The Takeout" to discuss what it's been like to work without pay.
President Trump on Thursday said he's extending a pause on striking Iranian energy plants by more than a week. CBS News senior White House and political correspondent Ed O'Keefe reports.
Republican Senate Majority Leader John Thune told reporters on Thursday that he was hopeful about ending the partial government shutdown after the GOP made "their last and final offer" to Democrats. CBS News' Shawna Mizelle and Taurean Small have the latest on TSA wait times and lawmaker negotiations.
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.