Moneywatch Retirement - CBSNews.com https://www.cbsnews.com/ Moneywatch Retirement From CBSNews.com Sat, 13 Jun 2026 11:05:50 -0400 5 Here's the retirement challenge nobody talks about https://www.cbsnews.com/news/retirement-spending-decumulation-4-percent-rule/ Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know. Tue, 09 Jun 2026 14:14:52 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2026/06/09/156a4295-cbb6-4e61-b57f-0daa594d119a/thumbnail/60x60/f4042b3ecee87d652b73e54634483a69/gettyimages-2187312612.jpg 802c49c0-a5b2-4d99-b536-c19b47b7f4a9 Social Security checks could be cut by $500 a month in 2032, report finds https://www.cbsnews.com/news/social-security-trust-fund-depletion-benefit-cuts-by-state/ Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report. Thu, 04 Jun 2026 08:46:33 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2026/06/03/1b1c5004-49ad-4944-a448-22babb0f5c48/thumbnail/60x60/a232d3c1d478d2adffb79553bdac607a/gettyimages-2195159639.jpg 0f4a2acd-3ce0-4ab7-b7e4-6eebaff5ca6e These are retirees' 5 biggest financial fears https://www.cbsnews.com/news/retirement-inflation-health-care-costs/ Retirees say inflation, health care costs and market volatility are threatening their financial security. Thu, 21 May 2026 05:00:00 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2026/05/20/6a3ac956-f743-432b-80ce-96cb628051d8/thumbnail/60x60/a7b48f8231e9f4f2a4f11ff0772fae25/gettyimages-1458989455.jpg 971ce529-c4f9-4617-8b60-d1dd317ff034 Here's how AI can help with retirement planning, and where it struggles https://www.cbsnews.com/news/retirement-can-ai-help-you-retire-what-to-know/ As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know. Fri, 08 May 2026 16:06:42 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2026/05/07/1a3dd639-508e-4bd7-b5db-dc8446f1af5d/thumbnail/60x60/0153feecf63fa43beface32f6380e5f1/gettyimages-1276596543.jpg b9343491-badb-4462-ae75-b7fbf17bddca A typical Social Security strategy could cost you $182,000 https://www.cbsnews.com/news/social-security-strategy-may-cost-you-182000/ Americans "have to change their thinking" about the government benefits program to get the most out of it, one expert says. Tue, 21 Apr 2026 08:09:59 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2022/06/03/a95ee172-86f4-4769-9467-65f3913eea92/thumbnail/60x60/8eabb2aa953f1775ce358d0f05b73a2b/social-security.jpg dca9cd59-4e00-46d8-939e-4f53e6603136 Americans expect to work much longer than they would like. Here's why. https://www.cbsnews.com/news/americans-retire-later-cost-of-living-delay-retirement-4-years/ Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay." Wed, 08 Apr 2026 10:02:54 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/12/09/c6978835-6dd5-4c55-a9f3-2e0d7005e65f/thumbnail/60x60/641b35826c24bbe6b4104e2a55f7d1af/gettyimages-1500790010.jpg b2b33e82-e13b-4271-980b-0892cea21cd3 Americans saving less for retirement — that's a "warning sign," experts say. https://www.cbsnews.com/news/retirement-savings-contribution-cut-warning-sign-dayforce-study/ Full-time employees cut their 401(k) participation and contribution rates last year amid an affordability crunch, new research shows. Tue, 31 Mar 2026 14:47:58 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2023/08/03/96a1db87-c56a-4bf8-b8ea-da436d1a85b5/thumbnail/60x60/05c26c96c847ea10e4cd88d55b002670/gettyimages-1220599131.jpg cc4a49f4-0541-49ac-8c24-d04a35194c5f $100,000 in Social Security benefits? New proposal would cap them. https://www.cbsnews.com/news/social-security-benefits-100000-cap-proposal/ With Social Security's trust fund sliding toward insolvency, one group wants to cap benefits for the wealthiest U.S. couples. Thu, 26 Mar 2026 08:50:52 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2026/03/25/7250ceee-384f-4e60-a6ae-402ef2be2d0a/thumbnail/60x60/0b9bd01a7e479447e802edaed10cbe54/gettyimages-1154426264.jpg d78a76d4-c84f-4c0a-a1e5-203df4d1ecd4 Record share of Americans are tapping 401(k)s for hardship withdrawals https://www.cbsnews.com/news/401k-hardship-withdrawals-rise-vanguard-report/ More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows. Thu, 05 Mar 2026 16:03:41 -0500 https://assets3.cbsnewsstatic.com/hub/i/r/2026/02/20/07306004-e05e-4fb3-b8d4-073c26e5080a/thumbnail/60x60/f69b5397b96e41c2a4ca56e0a7c5b31c/gettyimages-1371259299.jpg 72860884-2521-4031-812c-55e2714d92ce The typical American worker has $955 saved for retirement https://www.cbsnews.com/news/retirement-social-security-savings-us-workers/ Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age. Fri, 06 Feb 2026 08:56:54 -0500 https://assets2.cbsnewsstatic.com/hub/i/r/2023/08/03/96a1db87-c56a-4bf8-b8ea-da436d1a85b5/thumbnail/60x60/05c26c96c847ea10e4cd88d55b002670/gettyimages-1220599131.jpg b0106f12-6d48-4a0f-a9e0-aeecd29ca870 How the new $6,000 senior tax deduction could impact older Americans https://www.cbsnews.com/news/senior-tax-deduction-6000-impact-refund-aarp/ A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says. Thu, 15 Jan 2026 16:07:08 -0500 https://assets3.cbsnewsstatic.com/hub/i/r/2023/03/20/4c8af335-8fd5-418c-b0e4-6df74e595061/thumbnail/60x60/155132cf62432df0d30c861215f45f6e/gettyimages-1250729579.jpg 38a2c21f-363e-4b07-961f-9eaa80e10c62 5 money moves to make in 2026, according to financial experts https://www.cbsnews.com/news/money-moves-2026-experts-recommend/ As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year. Fri, 26 Dec 2025 08:40:48 -0500 https://assets2.cbsnewsstatic.com/hub/i/r/2025/12/11/c41c84af-6262-4d75-9573-44d0ebc47fe8/thumbnail/60x60/77a269cdf36786655b230c7c2d7f81f8/gettyimages-1355333257.jpg f7546886-64b0-447a-84f2-085627538b25 Personal finance advice doesn't work for most Americans, economists say https://www.cbsnews.com/news/retirement-personal-finance-advice-too-complex-economists-fixed/ Personal finance is too complex for most people to navigate, two economists contend in a new book. Is there a better way to help people deal with money? Tue, 02 Dec 2025 14:08:34 -0500 https://assets3.cbsnewsstatic.com/hub/i/r/2025/04/30/639b95d7-8df0-496b-aed6-e5f2c173338a/thumbnail/60x60/6ca892c016ffea88f99fbd2d598498c9/gettyimages-1972344511.jpg 72811128-c045-435f-a0e4-e9d2e6548277 How a change to Social Security could impact retirement in 2026 https://www.cbsnews.com/news/social-security-retirement-age-2026-change-66-67-increase/ Social Security's full retirement age is changing next year, affecting when the youngest baby boomers and Gen Xers can collect 100% of their benefits. Mon, 17 Nov 2025 16:27:00 -0500 https://assets3.cbsnewsstatic.com/hub/i/r/2025/08/28/d33895b4-c07c-4e38-84a1-0f92ff558f36/thumbnail/60x60/6bda46d250a08762c0b18023cda31c99/gettyimages-1649618094.jpg ba130f2f-036c-49dd-9324-d4289d0ac94b The IRS is raising your 401(k) and IRA contribution limits for 2026 https://www.cbsnews.com/news/irs-401k-ira-contribution-new-limit-thresholds-2026/ The IRS is increasing the contribution limits for retirement accounts in 2026, boosting the top threshold to account for inflation. Thu, 13 Nov 2025 16:44:56 -0500 https://assets1.cbsnewsstatic.com/hub/i/r/2025/03/11/9bd79a6c-5d61-4d10-92fd-38dd741c2823/thumbnail/60x60/9804ddf2d5ca661cf5142d763336ac37/gettyimages-2196814231.jpg d9df0d2e-7e9c-4989-89bf-8be3476e3433 90% of Americans plan to skip the No. 1 piece of Social Security advice https://www.cbsnews.com/news/social-security-benefits-90-percent-americans-will-claim-before-70/ Financial pros recommend waiting as long as possible to claim your Social Security benefits. Most Americans say they're ignoring that advice. Wed, 22 Oct 2025 13:15:14 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/09/04/1a8993f8-74dd-4bbd-be05-7351be2aeb3a/thumbnail/60x60/d49e703e9c2c32f29b546e3644010938/gettyimages-1710525145.jpg a3fac74e-72f4-4779-b7b2-ef7b460170db Americans are living longer, but lack proper planning, study finds https://www.cbsnews.com/news/retirement-mistake-longevity-unprepared-old-age-john-hancock-mit-study/ The U.S. population of people over 65 is expected to surge by 40% over the next 25 years, but many aren't prepared for longevity, a new study says. Wed, 15 Oct 2025 15:38:10 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/10/15/6dfe68aa-a0c4-48d6-a532-e165e00244db/thumbnail/60x60/e27eacfd16b82dc526fc0f483e1b47df/gettyimages-2203781382.jpg d463c743-fe94-4d9d-94d4-df17744bcaf2 Government shutdown delays Social Security's cost-of-living announcement https://www.cbsnews.com/news/social-security-cola-government-shutdown-october-2025/ Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026. Tue, 14 Oct 2025 15:59:56 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/08/28/31d90b65-9fb7-49c2-b8c3-677b17926797/thumbnail/60x60/3583c0a26459d7ce2d3714c154416061/gettyimages-1649618094.jpg 6babbddb-9280-4a29-9bf1-53e9f6bd7388 For older Americans, the cost of poverty is 9 years of life, study finds https://www.cbsnews.com/news/low-income-americans-die-nine-years-younger/ Low-income older Americans on average die nearly a decade earlier than wealthier people, a new analysis finds. Tue, 07 Oct 2025 17:16:04 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/10/07/723ee423-c931-4903-a7d7-fd3d789578bd/thumbnail/60x60/9fb52354a2cc902898758f50d9864d16/gettyimages-1324889728.jpg 7934a2c6-288e-47ac-830c-ebf955359179 More Americans are living paycheck to paycheck, foiling retirement plans https://www.cbsnews.com/news/retirement-savings-more-americans-paycheck-to-paycheck-goldman-sachs/ Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses. Thu, 02 Oct 2025 22:10:26 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2024/12/26/a6e1bf57-975c-4f6c-9477-3e4dc8ed8ea2/thumbnail/60x60/a69440b456438216d0636447bf70f048/gettyimages-1124680484.jpg fb0e65ec-418e-4ffb-8c22-e6cfe17dd442 What to know about Trump's push to open 401(k) to crypto and private equity https://www.cbsnews.com/news/trump-401k-changes-executive-order-risk-what-to-know/ President Trump signed an executive order that he says will democratize alternative investments for workers saving for retirement. Tue, 12 Aug 2025 14:17:15 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/08/07/ab2f6fd2-386e-4e89-a094-6c69a1026a61/thumbnail/60x60/b1ed5550068a1428e74c96555d58336b/cbsn-fusion-how-trumps-latest-tariffs-could-impact-prices-for-businesses-consumers-thumbnail.jpg 968fc76e-f62f-4f08-9248-90a30efa0806 Trump opens the door for crypto and private equity in your 401(k) plan https://www.cbsnews.com/news/trump-401k-changes-cryptocurrencies-private-equity-executive-order/ Under a new executive order signed by President Trump, workers could add higher-risk assets like cryptocurrencies to their 401(k)s. Thu, 07 Aug 2025 19:48:00 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/08/07/b091f33d-7780-48fd-bfed-20528f7f5ca5/thumbnail/60x60/d1bf46bf9bee84d03552bf991e2d083d/cbsn-fusion-breaking-down-the-trump-tariffs-economic-goals-thumbnail.jpg 70d11b16-774f-40da-94bf-16cda98951c7 How the FIRE movement is inspiring early retirees https://www.cbsnews.com/news/how-the-fire-movement-is-inspiring-early-retirees/ Nik and Adinah Johnson, who retired in their forties, are part of FIRE (Financial Independence, Retire Early), a movement that looks at work as a means to an end, and where frugality buys freedom from the rat race. Sun, 03 Aug 2025 09:30:34 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/08/02/11f2ceaa-fc5e-42e4-aa69-47d4a47a0bca/thumbnail/60x60/18fe71c7a6be45ae703deb18873b29b9/saving-for-early-retirement.jpg 86007ea8-41e9-482e-958f-3a5d0170fdc2 Americans are holding off on retirement over money concerns, study finds https://www.cbsnews.com/news/retirement-delay-social-security-benefits-gen-x-over-50/ About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found. Thu, 17 Jul 2025 15:48:21 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/07/16/7193a65c-ef01-48da-a2c5-75009b7536ca/thumbnail/60x60/e8bb02ce990b6b2560bbe875f0bc5f6b/gettyimages-1853657935.jpg d29214a5-cdd0-47cf-b9cc-0a308d257bdb Half of all private-sector workers lack access to a retirement plan https://www.cbsnews.com/news/retirement-half-of-american-workers-lack-401k-access-crisis-pew/ Tens of millions of Americans are unable to save for retirement through their jobs. "That's not a gap — it's a crisis," one expert says. Fri, 27 Jun 2025 16:36:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/27/ad2abcf0-6790-4b7a-8286-0cc24040d197/thumbnail/60x60/94173f824ee819ab285947bc036156f4/gettyimages-2204701828.jpg 3f176eb1-0428-4d8c-a7b5-34f3800b71f8 Couple faces retirement fears amid market swings https://www.cbsnews.com/news/market-uncertainty-retirement-impact/ Like millions of Americans, Alicia and Chu Gomez are experiencing the waves of an uncertain, see-sawing market. Wed, 04 Jun 2025 20:37:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/06/04/aafeb292-9179-4edd-b62c-29eb1f5eaacb/thumbnail/60x60/8675bf512b34b9a3fd607394847ec2e8/schlesinger-eoa-retirement-folo-060425-1516-frame-584.jpg f236f283-6440-44c2-af5f-907652215f0b Americans fear going broke in retirement more than death, study finds https://www.cbsnews.com/news/americans-retirement-death-savings-allianz/ Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying. Wed, 23 Apr 2025 06:49:00 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/04/22/6a2dac48-11e2-46b1-8331-177fa076257d/thumbnail/60x60/2ffb25352e3ecafe5070bc981798f4d8/gettyimages-1484555172.jpg fa76620c-d08d-4c51-b701-1647c555cf14 Here's the magic number Americans say they need for retirement https://www.cbsnews.com/news/retirement-savings-how-much-do-you-need-magic-number/ Americans have big financial goals for what they think they'll need for a comfortable retirement, a new survey finds. Fri, 18 Apr 2025 16:49:36 -0400 https://assets3.cbsnewsstatic.com/hub/i/r/2025/04/18/a6f802ee-7ba0-4b5a-823b-633ff2569bac/thumbnail/60x60/a352a1e4a20b1c4f7b873643d4afcef4/gettyimages-1485062842.jpg f6a6632d-5f26-45f8-8006-7a9c9c99565e Thinking of rolling over your old 401(k) into an IRA? Here's how. https://www.cbsnews.com/news/how-to-roll-over-an-old-401k/ If deciding what to do with an old 401(k) plan has been on your to-do list, here are the key steps you should take to get it done. Tue, 11 Mar 2025 17:38:00 -0400 https://assets1.cbsnewsstatic.com/hub/i/r/2025/03/11/9bd79a6c-5d61-4d10-92fd-38dd741c2823/thumbnail/60x60/9804ddf2d5ca661cf5142d763336ac37/gettyimages-2196814231.jpg 4803441b-9674-4760-bf3a-1bbaafd7f419 Retiring on a cruise ship? More Americans are making it a reality https://www.cbsnews.com/news/full-time-cruise-ship-retirees/ With more than 4 million Americans turning 65 this year, some retirees choose to live on cruise ships instead of in traditional communities. Mon, 10 Mar 2025 13:05:00 -0400 https://assets2.cbsnewsstatic.com/hub/i/r/2025/03/10/f820f2d6-2172-4bcd-ba3e-ed9698893ccb/thumbnail/60x60/1cd7b7de6eab65ff1b890c3c07d72d00/0310-cmo-chen-retirement.jpg f77ea4e2-5d94-4f80-8b98-9691c7f10510