Record share of Americans are tapping 401(k)s for hardship withdrawals
More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
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More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
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.
Detroit police are investigating a gunfight that left two men injured Saturday evening at a repast on the city's east side.
Gina Kim and Yana Wilson teamed to win the Dow Championship on Sunday for their first LPGA Tour titles, closing with an 8-under 62 in best-ball play for a two-stroke victory over Hyo Joo Kim and Hye-Jin Choi.
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
Sen. Mitch McConnell was admitted to the hospital Sunday morning, a spokesperson for the Republican confirmed to CBS News.
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
A 16-year-old girl is dead and two other people are injured after a car fire and crash in Macomb Township, Michigan, early Saturday.
Severe storms moved through parts of Southeast Michigan early on Sunday afternoon.
Hearts remain broken for the four people who were fatally shot on Tuesday in Livonia, Michigan. Friends and strangers came together on Saturday to help their families lay them to rest.
Detroit police are investigating a gunfight that left two men injured Saturday evening at a repast on the city's east side.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The UAW became known for fighting for higher wages, improved benefits and safer working conditions for workers across the auto industry.
Stellantis unveiled a nearly $70 million five-year strategic plan with the launch of new vehicles — including hybrids and EVs — over the next five years.
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
A well-known jazz club in Detroit is hitting a new high note. After going dark in May for renovations, Baker's Keyboard Lounge is reopening to the public.
The United States is co-hosting the World Cup for the first time in more than 30 years, and organizations and businesses in Metro Detroit are making sure sports fans have a place to watch the competition.
The project, called "The Stories of Us," invites communities across the country to reflect on their past, present, and future.
The 29th annual Michigan Lottery Arts, Beats & Eats festival kicks off Labor Day weekend in Royal Oak.
Sen. Mitch McConnell was admitted to the hospital Sunday morning, a spokesperson for the Republican confirmed to CBS News.
The Missouri State Highway Patrol said the fatal crash occurred near the Butler Memorial Airport, about 60 miles south of Kansas City.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
NBA star James Harden was booked into jail and released on bond less than 2 hours later.
President Trump issued an executive order in March 2025 ordering national parks to not display elements that "inappropriately disparage Americans past or living."
Following claims of toxic mold at the Women's Huron Valley Correctional Facility, the Michigan Department of Corrections says testing did not show "evidence of systemic black or toxic mold conditions."
The victim may have had a medical emergency before the vehicle went underwater, Grand Blanc Township police said.
New data from Flint's Rx Kids program shows an 18% reduction in preterm births and a 27% drop in low birth weights, and Detroit officials say they expect similar results as enrollment nears 3,000 families.
Feldman Automotive and the Wahlberg family teamed up to launch the outing six years ago, growing it into one of the region's top charity golf events.
Now out of the hospital, Tavaun Clark says he's focused on recovering and getting back to what he loves most, playing football this summer.
Gina Kim and Yana Wilson teamed to win the Dow Championship on Sunday for their first LPGA Tour titles, closing with an 8-under 62 in best-ball play for a two-stroke victory over Hyo Joo Kim and Hye-Jin Choi.
Detroit Tigers ace Tarik Skubal showed some rust in his start Saturday, his first in the majors since April 29, and that was to be expected.
Mother Nature wreaked havoc on Travis Kelce's scheduled first pitch before Sunday's game between the Detroit Tigers and Cleveland Guardians.
Detroit City FC is asking for the public's help in finding its mascot costume after the professional soccer club said it was stolen in a car break-in on Friday night.
The New York Knicks captured their first NBA championship since 1973 with a 94-90 win over the San Antonio Spurs in Game 5 of the NBA Finals on Saturday night.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
President Trump and Pakistani Prime Minister Shehbaz Sharif said Sunday that a deal between the U.S. and Iran has been reached, experts say the Gordie Howe International Bridge will generate more business once it opens and other top stories for the evening of June 14, 2026.
Businesses in Lake Orion lost thousands of dollars when a water main break forced them to close on Mother's Day last month. On Sunday, restaurants, shops and stores welcomed back customers for a do-over of the holiday.
A bill moving through the Michigan Legislature would penalize anyone who comes within 25 feet of a first responder while they're performing their duties after a verbal warning not to approach them is given. The proposed legislation has passed the House and has been referred to a Senate committee.
Dry and breezy start to the work week
Many Michigan residents are wondering when the Gordie Howe International Bridge between Canada and Detroit will open. Others are asking whether the infrastructure could be a big boost for business in Southwest Detroit. Julia Avant spoke with an expert who says it's more than just another way across the border.