Saving for retirement a challenge for the "sandwich generation"
Many people in their 50s are part of the so-called "sandwich generation" of workers who support both young relatives and aging parents.
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The "sandwich generation" and retirement
Many people in their 50s are part of the so-called "sandwich generation" of workers who support both young relatives and aging parents. Roughly 5 million U.S. households fall into this category, and as a result, the sandwich generation faces challenges saving for retirement. Jill Schlesinger explains.
IRS ruling on 401(k) company match
A new Internal Revenue Service ruling on 401(k) company matches could change the way employees apply the contributions made by their employers. CBS News senior business and technology correspondent Jo Ling Kent has more.
Changing jobs? Some 401(k) tips
When changing jobs, there are a couple of choices you can make with your 401(k) plan. CBS News business analyst Jill Schlesinger breaks down the options to consider.
Gen Xers are nearing retirement. About half say they need a miracle.
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.
Some 401(k) plans may cut you a monthly check
Some companies are offering fixed monthly checks from a portion of workers' 401(k) retirement plans, according to a new report by the Wall Street Journal. CBS News contributor Javier E. David breaks down the process gaining momentum.
Early 401(k) withdrawals hit record high
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
What to know about taking out a 401(k) loan
The Vanguard Group said new data showed around 13% of its customers took out a loan on their 401(k) retirement funds in 2023. Elizabeth O'Brien, senior personal finance reporter at Barrons, joins CBS News to discuss the pros and cons of tapping into your 401(k).
U.S. approaches "Peak 65"
Many Americans are approaching retirement age in 2024, with more than 11,000 turning 65 years old every day. Elizabeth O'Brien, a personal finance senior reporter with Barron's, joins CBS News with advice for those considering retirement.
401(k) opportunities from market volatility
If you're looking to grow your 401(k) you may need to keep an eye on it more than usual this year as an unsettled market presents opportunities. Bourree Lam, an author of The Wall Street Journal book "The New Rules of Money," joined CBS News to talk about ways to increase your retirement fund.
Where $1M in retirement savings will last the longest around the U.S.
How far retirees are able to stretch their savings depends largely on where they choose to settle down, one analysis shows.
U.S. gets a C+ in retirement, on par with Kazakhstan and Colombia
The nation's system of Social Security and private savings leaves Americans less secure in retirement than residents of many other nations, a new study finds.
IRS catch-up contribution mandate delayed
Last week, the IRS announced it is delaying until 2026 a mandate that says people 50 and older with high incomes are required to put "catch-up contributions" into Roth-style retirement accounts using post-tax dollars. Richard Rubin, a U.S. tax policy reporter for the Wall Street Journal, joined CBS News to discuss the delay in enforcement of the law, originally set to take effect next year.
Disparity in access to retirement plans
A new study by the Economic Innovation Group has found more than a quarter of Americans 59 and older don't have any retirement savings, and more than half of U.S. workers don't have access to employer-sponsored retirement funds. Benjamin Glasner, associate economist with the Economic Innovation Group, joined CBS News to discuss the study's conclusions.
Half of Americans lack a retirement plan. Here are the worst states.
States with many workers without retirement savings are likely to face a spike in senior poverty, researchers say.
Millions of older workers are nearing retirement with nothing saved
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
How much money do you need to retire? Americans have a magic number.
People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
Millions to lose popular 401(k) tax break
The loss of a popular tax deduction next year could reshape how millions of Americans save for retirement. Currently, people ages 50 and older are allowed to place "catch-up contributions" totaling up to $30,000 in their 401(k) accounts. But beginning in 2024, these funds will be funneled only into "after-tax" Roth accounts for people who made more than $145,000 the previous year. For more on this, CBS News was joined by Pratik Patel, head of family wealth strategies for integrated wealth management provider BMO Family Office.
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.
Half of U.S. moms have no retirement savings
A recent analysis showed that half of U.S. mothers have no retirement savings compared to 30% of fathers. Elaine Quijano and Meg Oliver are joined by CBS News MoneyWatch associate managing editor Aimee Picchi to break down the data.
Expert tips on preparing for next tax season
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
Risks of early 401(k) withdrawals
Both 401(k) withdrawals and loans can have big impacts on retirement savings. Stefanie O’Connell Rodriguez, host of Real Simple’s "Money Confidential" podcast, explains the risk and differences.
Setting money aside for emergencies
CBS News' Errol Barnett and Elaine Quijano are joined by behavioral economist and founder of Pension Plus, Shlomo Bernartzi, to discuss strategies for putting money away for the future.
Millions of Americans nearing retirement age with no savings
According to U.S. Census Bureau data, 50% of women and 47% of men between the ages of 55 and 66 have no retirement savings.
Millions nearing retirement without savings
About half of all Americans ages 55 to 66 have no retirement savings, according to U.S. Census data. Janet Shamlian examines the financial struggles many face as they near retirement in the CBS News series "Retirement Ready."
House Ethics Committee will keep Matt Gaetz report under wraps — for now
The panel's ranking Democrat, Rep. Susan Wild, said there was "no consensus" on the issue and the committee agreed to reconvene on Dec. 5.
Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
How could the U.S. military be used for Trump's mass deportation plan?
Trump signaled this week that he would enlist the help of the U.S. military for his massive deportation operation.
Bryan Kohberger can face death penalty if convicted, judge rules
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
4 Trump Cabinet picks have sexual misconduct allegations in their past
Four men chosen by President-elect Donald Trump for top positions have been accused of varying degrees of sexual misconduct.
Former Dallas police officer Amber Guyger ordered to pay nearly $100 million in civil trial
Guyger was convicted six years ago of shooting and killing Jean in his apartment, which she said she thought was her own.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
American dies in Laos amid reports that several tourists suffered alcohol poisoning
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
Chris Stapleton wins 4 CMAs but Morgan Wallen named entertainer of the year
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
U.S.
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Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
U.S. indicts Indian billionaire Gautam Adani in $265 million bribery scheme
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
Dolphin strandings on Cape Cod at an all-time high
The waters off of Cape Cod, Massachusetts are teeming with life, especially dolphins. More than ever, these animals are getting stranded on the shore, with the number spiking this year.
MoneyWatch
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Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Sheetz is cutting gas prices by 40 cents a gallon before Thanksgiving
As millions of Americans get ready to hit the road ahead of the Thanksgiving holiday, Sheetz is offering a deal on fuel.
Reddit is down for many users, reports say. Here's what to know.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
Has life in the U.S. become too political? You can buy a house in Italy for $1.
A village in Sardinia is trying to entice politics-weary Americans to buy cheap homes in Italy.
Politics
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Analysis: Election conspiracies persist, even with different outcomes
Conspiracies persist, although it is effectively impossible to steal a major election in the United States.
How could the U.S. military be used for Trump's mass deportation plan?
Trump signaled this week that he would enlist the help of the U.S. military for his massive deportation operation.
House Ethics Committee will keep Matt Gaetz report under wraps
Rep. Susan Wild said there was "no consensus" on the issue and the committee agreed to reconvene on Dec. 5.
4 Trump administration picks have sexual misconduct allegations in their past
Four men chosen by President-elect Donald Trump for top positions have been accused of varying degrees of sexual misconduct.
Here's what experts say about the chances of another stimulus check
Some voters are hoping President-elect Donald Trump may send out another stimulus check. Here's what the experts say.
HealthWatch
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Are food recalls and outbreaks on the rise?
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
McDonald's pulls espresso drinks from some U.S. menus
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Florida Gov. DeSantis' Canadian drug import plan goes nowhere after FDA approval
Florida sued the FDA over what it said was a "reckless delay" in approving its drug importation plan. Now, nearly a year after the FDA gave the state the green light, the program has yet to begin.
As "walking pneumonia" spreads, ER visits surge for sick babies
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
Trump taps Dr. Mehmet Oz to lead key Medicare and Medicaid agency
Dr. Mehmet Oz unsuccessfully ran for Senate in 2022. Now he's Trump's choice to lead the Centers for Medicare and Medicaid Services.
World
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American dies in Laos amid reports that several tourists suffered alcohol poisoning
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
U.S. indicts Indian billionaire Gautam Adani in $265 million bribery scheme
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
3 police officers, 4 cartel suspects killed near U.S. border
Drug cartel gunmen also attacked a funeral convoy of cars accompanying the body of one of the victims in the first attack, officials said.
China admits spy plane violated Japanese airspace, Tokyo says
China said the airspace violation occurred when the plane's pilot took emergency measures due to turbulence, Japan's Foreign Ministry said.
Entertainment
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Chris Stapleton wins 4 CMAs but Morgan Wallen named entertainer of the year
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
Paul Mescal on what he learned from working with Denzel Washington
Paul Mescal discusses his experience working with Oscar winner Denzel Washington in "Gladiator II," and what it was like to work on intense scenes together.
Clay Aiken on his new holiday album
Award-winning singer Clay Aiken, who rose to fame on American Idol, joins "CBS Mornings Plus" to talk about his new holiday album, "Christmas Bells Are Ringing," and his rendition of Bing Crosby's "Do You Hear What I Hear?"
Paul Mescal on "Gladiator II"
Paul Mescal joins "CBS Mornings" to discuss his role as Lucius in "Gladiator II," the son of Maximus and Lucilla, who is thrust into the arena to fight for the Roman Empire 15 years after Maximus' death.
Paul Simon says group's steps toward hearing loss cure gives him hope
CBS News' Anthony Mason joins Paul Simon on a trip to the Stanford Initiative to Cure Hearing Loss, to explore how researchers are getting closer to finding answers about repairing and preventing hearing loss.
Technology
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Justice Department calls for breakup of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Reddit is down for many users, reports say. Here's what to know.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
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.
Deepfakes of Elon Musk contribute to billions in fraud losses
A study found that Elon Musk is the most common celebrity used in deepfake scams.
SpaceX successfully tests Starship
SpaceX successfully launched its Super Heavy-Starship rocket from Texas for its sixth test flight Tuesday with its CEO Elon Musk and President-elect Donald Trump looking on. CBS News correspondent Jason Allen has more on the launch.
Science
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How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
Giraffes need endangered species protection, U.S. officials say
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Carcass of massive endangered whale washes ashore in Alaska
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Energy Secretary Granholm on Trump presidency
Former leaders and climate experts have issued a letter calling the U.N.'s annual climate meeting "no longer fit for purpose." Recently, CBS News spoke with U.S. Energy Secretary Jennifer Granholm about the summit and what the incoming Trump presidency means for clean energy and climate change. The conversation took place before the president-elect made his pick for energy secretary.
Crime
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Crime
Man convicted of murder in slaying of Laken Riley
A judge Wednesday found a Venezuelan migrant guilty on all counts in the murder earlier this year of Georgia nursing student Laken Riley. He was sentenced to life in prison without the possibility of parole. Manuel Bojorquez has the latest.
Bryan Kohberger can face death penalty if convicted, judge rules
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
Florida man arrested in alleged plot to bomb New York Stock Exchange
South Florida native Harun Abdul-Malik Yener was charged with attempted use of an explosive to damage or destroy a building used in interstate commerce.
"Rust" movie premieres in Poland
The "Rust" film premiere in Poland occurred three years after the fatal on-set shooting of cinematographer Halyna Hutchins. Alec Baldwin was not present. CBS News' Chris Livesay reports.
Laken Riley's killer Jose Ibarra sentenced
The Georgia judge who convicted Jose Ibarra for charges related to the death of nursing student Laken Riley sentenced the undocumented immigrant to life in prison without the possibility of parole. CBS News' Manuel Bojorquez reports and Jessica Levinson breaks down the verdict.
Space
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Space
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
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.
Summer music heats up 2024
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.
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Latest CBS News Videos
Johnson implements transgender restroom ban
House Speaker Mike Johnson on Wednesday took aim at incoming Democratic Rep. Sarah McBride, the first ever transgender member elected to Congress, with his decision to bar transgender people from using bathrooms in the Capitol Complex that do not align with their sex assigned at birth. Scott MacFarlane has more.
How mass deportations could affect food
President-elect Donald Trump confirmed that he plans to address illegal immigration in the U.S. through a mass deportation program. CBS News MoneyWatch correspondent Kelly O'Grady discusses how such a plan could affect the food industry.
Who is Linda McMahon?
President-elect Donald Trump announced he plans to nominate former wrestling executive Linda McMahon as education secretary. Washington Post political investigative reporter Beth Reinhard joins "The Daily Report" to discuss her qualifications and plans.
Can Democrats fill 44 judicial vacancies?
President-elect Donald Trump is urging Republicans to slow down President Biden's judicial nominations before January. There are currently 44 vacancies, and 14 of Mr. Biden's nominations await Senate approval. Wall Street Journal Supreme Court correspondent Jess Bravin joins "The Daily Report" to discuss.
Restoring forests decimated by wildfires
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.