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."
401k
Robinhood wants to be your retirement fund, offering 1% match
Stock app dangles a matching contribution to attract customers who may not have a company-based retirement plan.
Here's how much money Americans think they need for retirement
Workers say they need 20% more than a year ago to retire, yet retirement savings are shrinking.
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.
How to spot a great 401(k) while you're job hunting
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.
How to save for a secure retirement
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.
What to do with your 401(k) in bear market
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.
Protecting retirement funds from crypto crash
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.
Stock market's fall costs Americans $3T
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.
Retirement plan advice as stock market falls
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.
MoneyWatch: Stock market drops as mortgage rate climbs
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.
What is a 401(k)? What to know about this retirement investment vehicle
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.
How to manage investments in a bear market
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.
Brutal week on the stock market
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 plunge as major retailers show poor results
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.
MoneyWatch: Stocks see extreme fluctuations
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.
Here's how Congress wants to fix America's retirement crisis
Bipartisan bill could help workers save at a time millions of Americans are financially unprepared for retirement.
The full episode of The CBS Evening News from April 13, 2014.
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.
The full episode of The CBS Evening News from February 9, 2014
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
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.
Financial tips for recent college graduates
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.
Tax reform analysis
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.
GOP unveils 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.
10/23/17: Red and Blue
Lawmakers demand answers after ambush in Niger; how would potential pre-tax 401(K) limits affect retirement savings
Tax reforms & 401(k)
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.
Live
Trump says Strait of Hormuz deadline delayed amid talks with Iran
As Iran threatens to mine the entire Persian Gulf, President Trump says his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
2 pilots killed as plane and fire-rescue truck collide at LaGuardia Airport
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
ICE agents deployed to some U.S. airports as TSA lines stretch for hours
The Trump administration began deploying U.S. Immigration and Customs Enforcement agents to some of the busiest airports in the country Monday morning.
Trump postpones strikes on Iran's power plants, but Iran denies talks
Iranian state media said there was no "direct or indirect communication" with President Trump.
Supreme Court hears case over mail ballots that arrive after Election Day
The Supreme Court is considering a challenge to a Mississippi law that allows ballots that are postmarked by but received up to five days after Election Day to be counted.
Suspected hate crime as 4 Jewish group ambulances set ablaze in London
Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning.
Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
Could the Iran war help Ukraine get back in Trump's good books?
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
Exclusive
DOJ guts office helping poorer immigrants obtain affordable legal aid, sources say
The DOJ's Recognition and Accreditation program enables non-attorneys to assist immigrants with needs including naturalization petitions and immigration court appearances.
U.S.
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Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
Exclusive
DOJ guts office helping poorer immigrants obtain affordable legal aid, sources say
The DOJ's Recognition and Accreditation program enables non-attorneys to assist immigrants with needs including naturalization petitions and immigration court appearances.
As airport delays continue, can enrolling in TSA PreCheck save you time?
"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.
Trump has Christopher Columbus statue placed near White House
A statue of Christopher Columbus been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House.
OnlyFans owner Leonid Radvinsky dies of cancer at 43
The reclusive billionaire bought a majority stake in OnlyFans in 2018, growing the site into a major adult content platform.
MoneyWatch
More MoneyWatch
Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
As airport delays continue, can enrolling in TSA PreCheck save you time?
"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.
How to cut down on pet expenses as costs rise
Pet ownership costs over the past year have increased by up to 10%, according to Rover.
OnlyFans owner Leonid Radvinsky dies of cancer at 43
The reclusive billionaire bought a majority stake in OnlyFans in 2018, growing the site into a major adult content platform.
Dow jumps more than 1,000 points after Trump delays Iran ultimatum
Crude oil prices also dropped after President Trump said the administration had held "good and productive" peace talks with Iran.
Politics
More Politics
Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
Exclusive
DOJ guts office helping poorer immigrants obtain affordable legal aid, sources say
The DOJ's Recognition and Accreditation program enables non-attorneys to assist immigrants with needs including naturalization petitions and immigration court appearances.
Could the Iran war help Ukraine get back in Trump's good books?
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
Trump has Christopher Columbus statue placed near White House
A statue of Christopher Columbus been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House.
Trump postpones strikes on Iran's power plants, but Iran denies talks
Iranian state media said there was no "direct or indirect communication" with President Trump.
HealthWatch
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More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
World
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Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
Dozens feared dead in military plane crash in southwestern Colombia
A military cargo plane crashed shortly after taking off in southwestern Colombia, the South American country's military said.
Could the Iran war help Ukraine get back in Trump's good books?
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
Police find $12 million worth of cocaine on smuggling boat off Puerto Rico
Cocaine with an estimated value of $12 million has been seized off the north coast of Puerto Rico, authorities said.
Trump postpones strikes on Iran's power plants, but Iran denies talks
Iranian state media said there was no "direct or indirect communication" with President Trump.
Entertainment
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Entertainment
Patrick Ball on medical drama "The Pitt"
"The Pitt" star Patrick Ball tells "CBS Mornings" he had been auditioning since 2013 and didn't think his acting dreams were "ever going to happen" when he was cast in the medical drama. He also opens up about how the series is personal for him.
Lisa Kudrow on making "The Comeback"
In 2005, the "Friends" star played Valerine Cherish, a washed-up sitcom actress, in the HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and returned in 2014. Now, "The Comeback" is itself making a comeback.
Extended interview: Lisa Kudrow
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "The Comeback."
Lisa Kudrow on making "The Comeback"
"Friends" star Lisa Kudrow played a washed-up sitcom actress, Valerie Cherish, in the 2005 HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and then returned in 2014. Now, "The Comeback" is itself making a comeback for a third season. Kudrow talks with correspondent Tracy Smith about her love for playing Phoebe Buffay; her aptitude for "cringe comedy"; and how she found solace following the death of "Friends" castmate Matthew Perry.
Chef Ruthie Rogers on the comforts of food and conversation
The River Cafe in London has had a Michelin star since the late 1990s, thanks to co-founder, owner, acclaimed chef and podcaster Ruthie Rogers, whose new book, "Table 4 at the River Cafe," celebrates conversations and comfort food.
Technology
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Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
Ways to cut down on pet care expenses
The cost of care for your pet is rising with one study finding that one in five pet owners carry at least $2,000 in pet-related debt. But there are ways to cut down on pet expenses. Ash-har Quraishi explains.
How AI powered robots are helping small farms
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.
How iNaturalist app users have fun while aiding science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss - and, as Martha Stewart discovers, it's fun!
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
Science
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Science
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
Crime
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Crime
Justin Timberlake's 2024 arrest on video
Newly released bodycam footage shows Justin Timberlake during his 2024 DWI arrest in New York. CBS News' Shanelle Kaul has more.
Suspected hate crime as 4 Jewish group ambulances set ablaze in London
Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning.
Fentanyl found inside Barbies sold at Missouri discount store, police say
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
Couple on unusual activity at neighbor's home: "I think they finally killed him"
When Gary Herbst, described by his Minnesota neighbors as confrontational, disappeared on July 8, 2013, it appeared he walked out on his wife and teenage son. Years later, a startling discovery would confirm what neighbors thought they might have witnessed.
Wife of Joseph Duggar charged with child endangerment after his arrest
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
Space
More Space
Space
Artemis II back on launch pad for moon mission
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.
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
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.
Repaired moon rocket heads back to launch pad for April 1 liftoff
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Supreme Court arguments on mail ballots
The Supreme Court is hearing arguments Monday regarding mail ballots that are postmarked by Election Day but arrive to officials later. CBS News' Katrina Kaufman has early details.
Timeline of LaGuardia Airport collision
An Air Canada Express passenger jet and a fire-and-rescue vehicle collided on a runway at LaGuardia Airport, killing the plane's pilot and co-pilot, officials said. CBS News' Tom Hanson breaks down the timeline of events.
Justin Timberlake's 2024 arrest on video
Newly released bodycam footage shows Justin Timberlake during his 2024 DWI arrest in New York. CBS News' Shanelle Kaul has more.
Dow jumps after Trump delays Iran ultimatum
The stock market is responding favorably after President Trump said Monday morning that he would postpone his ultimatum for Iran to reopen the Strait of Hormuz. Mr. Trump had previously threatened to "obliterate" Iran's power plants if the strait wasn't reopened by Monday evening. Sabrina Escobar, a reporter for Barron's, joins CBS News to discuss the markets.
Harrowing details from LaGuardia collision
Two pilots were killed and dozens were injured when an Air Canada Express plane collided with a fire-and-rescue vehicle at New York's LaGuardia Airport Sunday night. CBS News correspondent Tom Hanson has more.