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.
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.
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.
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.
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.
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.
Expanding a federal retirement savings program could decrease inequality and boost wealth for the poorest, experts say.
Workers can withdraw or borrow up to $100,000 from 401(k)s under new COVID-19 aid package. Retirement planners say only do this if necessary.
According to the American Psychological Association's "Stress in America" survey, nearly two in three adults this year said money is a significant source of stress in their life, and about half of adults said they have experienced negative financial impact due to the COVID-19 pandemic. Walser Wealth Management president Rebecca Walser joins CBSN to discuss how to manage financial anxiety.
Financial fallout caused by the COVID-19 pandemic is impacting many Americans' retirement savings. But for some, there could be a silver lining. If you've been considering converting a traditional IRA to a Roth IRA, now could be a beneficial time to do so. CBS News business analyst Jill Schlesinger joins CBSN to help navigate whether this may be a smart move for you.
Stocks tend to do well this time of the year, but some question whether 2019's near 30% gains can continue in 2020.
The act would expand lifetime-income options like annuities and allow part-time workers to join 401(k) plans
Mutual fund giant's affiliated charitable fund gave $330,000 to a group that equates homosexuals with pedophiles.
Your 401(k) may be taking a hit this week after another sell-off in the markets. The Dow, Nasdaq and S&P each lost more than 1.5% of their value Wednesday, the second straight day of losses. President Trump placed the blame on his political foes, and "impeachment nonsense." CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss what's really behind the drop.
Still, only 1% of the firm's 401(k) plans have amassed that level of savings, while most people have far less
Here's why investors saving for retirement should pay close attention to President Trump's latest China tariff threat
Several types of plans are available, but figuring out which one is right for you can be confusing, so here's some help
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.
Approved overwhelmingly in the House, the Secure Act would do much to help employers and retirement savers
Need money urgently? Before taking a hardship withdrawal from your 401(k) plan, consider these alternatives
The rules for hardship withdrawals are strict and the costs of taking money from your future retirement can be sky-high
A generation defined by high levels of debt often thinks paying off credit cards and student loans trumps saving for retirement
For a generation defined by unprecedented levels of debt, paying down credit card and student loan bills trumps saving for retirement.
The rules for annual required minimum distributions can hit you with investment losses if you aren't careful
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
The move will erase debt for more than 560,000 borrowers.
Secretary of State Brad Raffensperger was subpoenaed in the unprecedented criminal probe.
When asked Friday if he would call a special legislative session, Abbott said "all options are on the table" and he said he believed ultimately that laws would be passed.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
The ban will likely strike a heavy blow to millions of impoverished farmers and day laborers who rely on proceeds from the crop to survive, and it comes as Afghanistan's economy has collapsed.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
Charles Booker is running a long-shot campaign to unseat incumbent GOP Sen. Rand Paul in November.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
Even those who cheer Europe's embargo on Russian energy predict short-term price shocks for nations and consumers.
The move will erase debt for more than 560,000 borrowers.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
"I think I was wrong then about the path that inflation would take," Treasury Secretary Janet Yellen told CNN.
Formula manufacturers said they alerted retailers of a looming shortage in February.
Charles Booker is running a long-shot campaign to unseat incumbent GOP Sen. Rand Paul in November.
The move will erase debt for more than 560,000 borrowers.
When asked Friday if he would call a special legislative session, Abbott said "all options are on the table" and he said he believed ultimately that laws would be passed.
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Clinical health psychologist Dr. Natalie Datillo explains how patients can make connections to reduce pain and increase mobility.
Formula manufacturers said they alerted retailers of a looming shortage in February.
President Biden met with baby formula manufacturers, pressing them on what they're doing to improve supply. Even as the U.S. airlifts formula from overseas, it's just a fraction of what the U.S. needs to feed millions of children. Nancy Chen reports.
Kids younger than 5 are one step closer to being eligible for a COVID-19 vaccine. Pfizer applied for emergency use authorization for kids 6 months to 5 years old -- the only age group vaccines are not yet approved for. Nikki Battiste reports.
"The great Peanut Butter shortage of 2022 continues," proclaims theme park eatery in explaining holes in menu.
Across France, more than 300 people have reported being pricked out of the blue with needles at nightclubs or concerts in recent months. Similar accounts have emerged elsewhere.
The ban will likely strike a heavy blow to millions of impoverished farmers and day laborers who rely on proceeds from the crop to survive, and it comes as Afghanistan's economy has collapsed.
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
As the new weapons shipments were announced, a Russian missile hit rail lines in the western Lviv region, a key conduit for supplies of Western weapons and other supplies, officials said.
The plant stretches 111.847 miles and is at least 4,500 years old.
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
The licensing company that controls his name and image is ordering Sin City chapel operators to stop using him in themed ceremonies, a newspaper reports. And that's leaving chapels all shook up.
Korean pop supergroup BTS visited the White House on Tuesday to discuss ending anti-asian violence on the last day of Asian American and Pacific Islanders heritage month. CBS News senior White House and political correspondent Ed O'Keefe reports.
The United Kingdom and its 14 Commonwealth realms are marking the 70th anniversary of Queen Elizabeth II's ascension to the throne.
Sheryl Sandberg is stepping down as the chief operating officer at Facebook's parent company, Meta. She has been with the social media company for 14 years and will continue to serve on the company's board.
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Boston Children's Hospital was attacked in the summer of 2021 and investigators were able to identify and repel the threat.
New details are emerging about possible warning signs in the weeks leading up to the May 24 shooting at the Robb Elementary School in Uvalde, Texas. The 18-year-old shooter reportedly had a history of harassing and threatening teenage girls online, particularly on the social media app Yubo. CBS News tech reporter Dan Patterson has more.
The Texas law, championed by conservatives, aimed to keep social media platforms like Facebook and Twitter from censoring users based on their viewpoints.
More than 6 million Californians are under new water restrictions as of June 1. The Metropolitan Water District of Southern California made an urgent call for a 35% reduction in water use, as nearly the entire state is under severe drought. CBS's Elaine Quijano spoke with Adel Hagekhalil, the water supplier's general manager, about how these new rules will affect people's lives.
Millions of people in southern California are facing new water restrictions thanks to a megadrought crippling the Southwest. But southern Nevada has been conserving water for years. The area's latest move is to tear out all non-functional grass to save nearly 10 billion gallons of water. CBS News senior environmental correspondent Ben Tracy reports.
NASA's James Webb Space Telescope could soon provide some answers about other planets in the far reaches of the Milky Way. Assistant astronomer at the Space Telescope Science Institute Néstor Espinoza speaks with CBS News anchor Lana Zak about the what scientists hope to learn from these other planets.
Some sang "We will, we will stop you!" to the tune of Queen's 1977 rock anthem "We will rock you." Some glued themselves to their seats.
No non-American has ever touched down on the lunar surface, and Japan has previously said it hopes to achieve a Moon landing by the end of this decade.
Across France, more than 300 people have reported being pricked out of the blue with needles at nightclubs or concerts in recent months. Similar accounts have emerged elsewhere.
Police in Tulsa, Oklahoma, say a gunman killed 4 people at Saint Francis Hospital before dying of a self-inflicted gunshot wound. Watch a briefing from local officials on the investigation.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
The 25-count indictment also contains charges of murder and attempted murder as a hate crime and weapons possession.
Jacob Albarado was in his barber's chair when both men got text messages about the shooting unfolding at Robb Elementary School in Uvalde, Texas.
The contracts are valued at up to $3.5 billion.
"Amateur and professional astronomers around the world have been tracking its spectacular disintegration for years," NASA said.
A successful fueling test will clear the way for the moon rocket's first test flight as early as August.
SpaceX launched 59 small payloads while Boeing wrapped up its Starliner space station flight
For the first time, two U.S. astronaut ferry ships, from two different vendors are docked at space station.
One of these shows could be your next binge obsession.
Looking for something fresh to watch? Here are the top films available on the streaming platform.
Find out which U.S. metropolis took the top spot on Orkin's latest "Rattiest Cities" list.
Donald Trump, Barack Obama, George W. Bush – how do the presidents of our era compare with those who came before?
With compensation reaching up to nearly $10,000 per month, these internships are big deals.
Sir Paul McCartney and best-selling author Tina Brown reflect on the queen’s unprecedented reign. The special airs on the Queen’s Platinum Jubilee at 10 p.m. ET on Thursday, June 2 on CBS, and will be streaming on Paramount +.
Gun control talks continue on Capitol Hill; Adm. Linda Fagan becomes commandant of Coast Guard.
Police in Tulsa, Oklahoma, say a gunman killed 4 people at Saint Francis Hospital before dying of a self-inflicted gunshot wound. Watch a briefing from local officials on the investigation.
According to a new report published by Jones Lang LaSalle, 69% of office workers believe hybrid work will be fundamental to retain the workforce in the future. Cynthia Kantor, the chief client and growth officer at Jones Lang LaSalle, joins CBS News' Elaine Quijano to discuss.
The Biden administration has announced new trade initiatives with Taiwan to strengthen economic ties, focusing on supply chains, clean energy, labor rights and technology exports. Tensions between Washington and Beijing are already high after President Biden promised to defend Taiwan if it was invaded. Shelley Rigger, a political science professor at Davidson University, joined CBS News' Elaine Quijano to discuss.