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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Many people in their 50s are part of the so-called "sandwich generation" of workers who support both young relatives and aging parents.
The investigation into a listeria outbreak linked to deli meats from Boar's Head continues, Eli Lilly is cutting the price of its weight loss drug Zepp and the number of "401k millionaires" is growing.
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.
"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
More employees are tapping their nest eggs to cover financial emergencies, from medical care to avoiding eviction.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
Saving $1 million for retirement may sound like an impossible task that not many people have achieved.
According to personal finance website GoBankingRates.com, 42 percent of Americans polled said they have less than $10,000 saved for their eventual retirement.
SurePayroll's General Manager Andy Roe investigates why a majority of small businesses offer little to no retirement plan options.
Whether you're 25 or 55, you know you'll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
A judge has upheld most aspects of a new law requiring Michigan public school employees to pay more for their pensions.
A judge has temporarily blocked full implementation of a new law requiring Michigan public school employees to pay more for their pensions.
The Michigan House has approved legislation ending state-provided health care coverage in retirement for new teachers but not a provision forcing them into a 401(k)-style retirement plan.
New teachers in Michigan still would get hybrid pensions under changes made to a teacher benefits bill.
The Michigan Senate has passed a bill that would end pensions for newly-hired public school workers and instead give them 401-k's.
One investment expert recommends investors stay conservative in 2012.
Legislation aimed at reining in retiree benefit costs for Michigan state workers was approved Thursday by the Republican-led House Appropriations Committee.
If you're looking to lay blame for higher gas prices, you might want to look no further than your own 401k retirement account.
Click to view investment workshops for the month of February 2012.
An individual is dead and a man was seriously injured after a house fire on the east side of Detroit Sunday afternoon, according to city officials.
Over sixty teams competed at a Special Olympics Michigan basketball tournament on Sunday at Legacy Sports Complex in Brighton.
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
Reza Pahlavi, the son of the late deposed shah of Iran, said he hopes to help lead a transitional government in his home country.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
The U.S. military says three troops have been killed in the war with Iran, as President Trump says the operation is proceeding "ahead of schedule."
Law enforcement is seeking answers after a 13-month-old girl was found in an impounded vehicle at a tow yard in Eastpointe, Michigan, on Saturday.
A 6-year-old girl is in the hospital after police said she accidentally shot herself with an unsecured gun in Detroit on Sunday morning.
An individual is dead and a man was seriously injured after a house fire on the east side of Detroit Sunday afternoon, according to city officials.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
CBS News has learned that the casualties occurred among American personnel based in Kuwait.
The Supreme Court is set to convene Monday to hear a Second Amendment dispute over a federal law that bars unlawful drug users from having firearms.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
There are a few steps to get an exemption for a required vaccine here in Michigan and a group of Republican lawmakers want to make sure it doesn't get any more difficult in the future.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
Over sixty teams competed at a Special Olympics Michigan basketball tournament on Sunday at Legacy Sports Complex in Brighton.
The Detroit Red Wings were beaten by the Hurricanes 5-2 on Saturday night in Raleigh, North Carolina. Shayne Gostisbehere had a goal and two assists to lead the Hurricanes to their fifth straight win.
Detroit Tigers right-hander Troy Melton is not expected to be available for the start of the season due to inflammation in his right elbow.
Former University of Michigan football coach Sherrone Moore's name is once again in the spotlight after a woman's attorney claims he failed to act when she alleged sexual misconduct by former staffer LaTroy Lewis.
Comments by golf legend Tiger Woods over the future PGA schedule are raising questions about how the Rocket Classic in Detroit fits in.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Hundreds of athletes hit the court in Brighton for a Special Olympics Michigan district basketball competition on Sunday. CBS News Detroit sports reporter Matt Finkel shows why the tournament is about much more than basketball.
Warming trend starts this week
Three United States troops have died since the U.S. and Israel launched a military operation against Iran, according to the Pentagon. Willie James Inman reports from West Palm Beach, Florida, near where President Trump has been directing the operation.
Several Michigan State University students are stranded in France after the strikes carried out by the United States and Israel against Iran. The students were on their way to Dubai for a school trip.
A protest and town hall meeting regarding a proposed U.S. Immigration and Customs Enforcement detention center in Romulus took place on Sunday. CBS News Detroit’s Jack Springgate reports on the message Democratic Rep. Shri Thanedar of Michigan’s 13th Congressional District had for the community.