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.
401k
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.
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.
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.
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 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."
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.
Preparing emotionally for retirement
Millions of Americans are retiring every day, and some experts say it's just as important to prepare for the change emotionally as it is financially. Janet Shamlian takes a look in this edition of "Retirement Ready."
More Americans are tapping their 401(k) plans due to hardship
More employees are tapping their nest eggs to cover financial emergencies, from medical care to avoiding eviction.
Debt ceiling: 3 ways your finances could be affected
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
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U.S., Iran trade attacks as Iranian officer says renewed war seems "inevitable"
Prospects for a U.S.-Iran deal seem to dim as the war between Israel and Hezbollah grinds on despite Trump saying they agreed to stop fighting.
Supreme Court lets Alabama use House map that favors GOP in midterms
The Supreme Court cleared the way for Alabama to use a House map that is more favorable to Republicans, despite a lower court finding that the plan intentionally discriminated against Black voters.
U.S. conducts more "self-defense strikes" after shooting down Iranian missiles
American military forces carried out strikes on Iranian targets after attempted Iranian drone and missile attacks, U.S. Central Command said Tuesday, in the latest clash.
Pilot of fighter jet downed over Iran previously shot down in Kuwaiti incident
About a month after ejecting during the friendly-fire incident, the pilot was on a mission over Iran when his jet was hit by a surface-to-air missile, prompting a daring rescue operation.
GOP Rep. Kean to face Bennett as Dems seek to oust absent GOP N.J. incumbent
Kean has been missing from the job since March, citing a "personal medical issue."
Blanche says DOJ "not moving forward" with "anti-weaponization" fund
"We are not moving forward with the fund. Period," Blanche told House lawmakers.
DOJ says it has superseding indictment against Southern Poverty Law Center
The superseding indictment does not contain any new charges or name new defendants from the original version, which was returned in April.
Ashley Hinson wins Iowa Senate GOP primary, CBS News projects
Republican Sen. Joni Ernst is not running for reelection, and Ashley Hinson won President Trump's endorsement.
Lynette Hooker's Bahamas disappearance being investigated as possible murder
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
U.S.
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CBS News fires longtime "60 Minutes" correspondent Scott Pelley
CBS News has fired longtime "60 Minutes" correspondent and former "CBS Evening News" anchor Scott Pelley one day after he had a tense and confrontational exchange with new "60 Minutes" executive producer Nick Bilton.
DOJ says it has superseding indictment against Southern Poverty Law Center
The superseding indictment does not contain any new charges or name new defendants from the original version, which was returned in April.
Peabo Bryson, singer known for Disney movie hits, dies at 75
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
Lynette Hooker's Bahamas disappearance being investigated as possible murder
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
Suspect barricaded with hostages in Southern California bank, officials say
Bakersfield police said the suspect had agreed to release two of the hostages.
MoneyWatch
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Gas prices likely to remain high for months, energy experts say
"It will be a very long, multi-month to multi-year process for things to fully normalize," GasBuddy's Patrick De Haan said.
Amazon faces lawsuit over Ring facial recognition software
A Virginia man is suing Amazon over Ring's "Familiar Faces" feature, alleging the technology violates people's privacy.
The main reason some young college grads are struggling to find work
Economists at the New York Federal Reserve say they've identified the main reason some recent college grads are having trouble landing a job.
What travelers should know about Europe's new Entry/Exit System
Travel experts say to be prepared for potential disruptions as countries implement the new Entry/Exit System now in place across the EU and other countries.
Northlake police warn of gas pump screw scam
The Northlake Police Department issued a warning about a new scam at gas stations that is low tech, but effective.
Politics
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DOJ says it has superseding indictment against Southern Poverty Law Center
The superseding indictment does not contain any new charges or name new defendants from the original version, which was returned in April.
Iowa GOP Senate candidate Hinson: Prolonged Iran war could be "political liability"
Iowa GOP Senate candidate Rep. Ashley Hinson acknowledged the U.S.-Iran conflict could become a "political liability" if it stretches beyond the next few weeks, according to audio obtained by CBS News.
Democrat Christina Bohannan to take on Iowa GOP Rep. Miller-Meeks for third time
Bohannan has lost to the Republican incumbent twice, but narrowed the margin to 799 votes in the 2024 election.
Iowa Senate race set between Democrat Josh Turek, Republican Ashley Hinson
Republican Sen. Joni Ernst is not running for reelection, and Democrats have been increasingly bullish about their chances of flipping the seat in recent months.
Supreme Court lets Alabama use House map that favors GOP in midterms
The Supreme Court cleared the way for Alabama to use a House map that is more favorable to Republicans, despite a lower court finding that the plan intentionally discriminated against Black voters.
HealthWatch
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Flesh-eating screwworm detected 25 miles from U.S. border, USDA says
A flesh-eating New World screwworm was recently detected in Mexico just 25 miles from the United States border, according to the USDA.
WHO massively scales back number of suspected Ebola cases in Congo
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
Details on promising pancreatic cancer drug
A new drug was shown in trials to keep pancreatic cancer patients alive for twice as long as chemotherapy alone. Dr. Jon LaPook has more.
A nurse stole fentanyl and AI missed it, state records say
Sentri7, drug diversion software powered by artificial intelligence and used at hundreds of U.S. hospitals, did not catch a monthslong string of fentanyl thefts in Tennessee in 2025, according to a state document.
New drug nearly doubles survival rates in some pancreatic cancer patients, study says
New research shows a medication called daraxonrasib is helping people with advanced pancreatic cancer live longer.
World
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Lynette Hooker's Bahamas disappearance being investigated as possible murder
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
U.S. conducts more "self-defense strikes" after shooting down Iranian missiles
American military forces carried out strikes on Iranian targets after attempted Iranian drone and missile attacks, U.S. Central Command said Tuesday, in the latest clash.
Legendary wine unveiled after decades hidden under castle floor
The collection once belonged to the noble Beaufort-Spontin family, who were suspected of having collaborated with the Nazis.
WHO massively scales back number of suspected Ebola cases in Congo
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
American soldier and British soldier die in training accident in Iraq
The U.S. and British militaries say one American soldier and one British soldier died during a training exercise in Iraq.
Entertainment
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Entertainment
Analyzing the YouTuber-to-filmmaker boom
The sci-fi horror flick "Backrooms" was the number one movie in the U.S. as of Tuesday. The filmmaker behind the movie, 20-year-old YouTuber Kane Parsons, is now the youngest director with a number one film globally. Brooks Barnes, The New York Times' chief Hollywood correspondent, joins "The Daily Report" to discuss.
Peabo Bryson, singer known for Disney movie hits, dies at 75
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
YouTubers have big box office weekend
Two indie horror films made by YouTubers, "Backrooms" and "Obsession," beat out Disney's latest "Star Wars" movie in the box office this weekend. Steven Zeitchik, senior editor for the Hollywood Reporter, joins CBS News to discuss.
P!nk talks hosting Tony Awards
Grammy Award winner P!nk is preparing to host the Tony Awards on Sunday on CBS. The singer speaks with "CBS Mornings" about what to expect and why she asked her daughter for permission before agreeing to host.
Marilyn Monroe's friends honor the icon (1962)
Monday marks 100 years since the birth of the iconic Hollywood actress Marilyn Monroe. On Aug. 10, 1962, six days after her death at the age of 36, CBS News aired a retrospective special about the legend's life, featuring interviews with friends, mentors and colleagues.
Technology
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Technology
Some companies question cost of AI over humans
Developments in artificial intelligence are happening very quickly, and so are mass layoffs as corporations rapidly embrace the technology. But now some companies like Uber and Microsoft are starting to second-guess aggressive AI adoption. Reyhan Harmanci, director of features at Wired magazine, joins to discuss the state of AI in corporate America.
Amazon faces lawsuit over Ring facial recognition software
A Virginia man is suing Amazon over Ring's "Familiar Faces" feature, alleging the technology violates people's privacy.
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.
Florida sues OpenAI, CEO Sam Altman
Florida has filed a civil suit against OpenAI and its CEO Sam Altman, accusing them of deceiving users. Jo Ling Kent explains.
Early details on Anthropic's IPO filing
Anthropic, the artificial intelligence company behind the chatbot Claude, has filed to go public, setting up one of the biggest initial public offerings in history. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Science
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Science
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Crime
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Lynette Hooker's Bahamas disappearance being investigated as possible murder
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
Hostage situation, bomb threat at bank
Police say a man with a bomb allegedly strapped to his chest took at least one hostage in a California Chase Bank on Tuesday. Carter Evans reports.
Hostage situation reported at California bank
Police say a suspect has taken at least one hostage at a Chase Bank in Bakersfield, California. CBS News correspondent Carter Evans has the latest.
Charges filed in connection with drug tunnel
Federal authorities have arrested and charged four people with drug trafficking after a monthslong investigation uncovered what federal officials called a massive, 2,000-foot-long underground tunnel connecting Mexico to the U.S. CBS News' Shanelle Kaul has the details.
Video shows massive drug-smuggling tunnel connecting U.S. and Mexico
Four people were arrested and charged with trafficking more than $45 million in cocaine through the 2,000-foot-long tunnel complete with reinforced walls, ventilation and a rail system.
Space
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Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Blue Origin assesses impact of New Glenn explosion
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
Blue micromoon makes rare appearance this weekend
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
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
Blanche says he won't put fund end in writing
Rep. Grace Meng pressed acting Attorney General Todd Blanche on the Justice Department's "anti-weaponization" fund during a House hearing Tuesday. Blanche said the department wasn't moving forward with the fund, but he declined to put that commitment in writing.
Analyzing the YouTuber-to-filmmaker boom
The sci-fi horror flick "Backrooms" was the number one movie in the U.S. as of Tuesday. The filmmaker behind the movie, 20-year-old YouTuber Kane Parsons, is now the youngest director with a number one film globally. Brooks Barnes, The New York Times' chief Hollywood correspondent, joins "The Daily Report" to discuss.
Marco Rubio faces questioning on Capitol Hill
Secretary of State Marco Rubio faced tough questions on the war with Iran Tuesday during back-to-back hearings on Capitol Hill. CBS News intelligence and national security reporter Olivia Gazis has more.
Implications of California, Iowa primary races
Voters in six states are casting their primary election ballots, with key races to watch in California, Iowa, New Jersey and more. CBS News executive director of elections and surveys, Anthony Salvanto, has more.
6/2: The Takeout with Major Garrett
Primary battles are underway in six states; acting AG Todd Blanche testifies before the House Appropriations Committee.