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.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
A 56-year-old woman is dead after she was hit by a train in Fenton, Michigan, on Friday night, according to police.
The Detroit Tigers were topped by the Kansas City Royals 3-1 on Saturday night.
Two men are in custody after a home invasion in Raisinville Township, Michigan, early Saturday evening, according to the Monroe County Sheriff's Office. Deputies said one of the men was arrested after law enforcement found him in a cornfield.
An investigation is ongoing after three people were injured when a motorcycle collided with a truck in Redford Township, Michigan, on Thursday night, according to police.
An individual is in custody after a person was killed and another was seriously injured in a shooting on Detroit's east side Friday night, according to police.
Police in Detroit say human remains were found inside a home on the city's west side Friday, the day after investigators found a man and a woman dead in the residence.
An investigation is underway after law enforcement fatally shot a 29-year-old man following a vehicle pursuit in Otsego County early Saturday, the Michigan State Police said.
Two men are in custody after a home invasion in Raisinville Township, Michigan, early Saturday evening, according to the Monroe County Sheriff's Office. Deputies said one of the men was arrested after being found hiding in a cornfield.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
General Motors says 350 workers will be laid off in January at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping sites.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Early Motown songwriter Janie Bradford Hobbs has died at the age of 87, her family said Saturday.
There's just about every kind of artist and artwork you can imagine in Brighton at the third annual street art fair.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
Early Motown songwriter Janie Bradford Hobbs has died at the age of 87, her family said Saturday.
Serena Williams will team up with Carlos Alcaraz to create a powerhouse mixed doubles pair in her return to the U.S. Open.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
A federal judge has dismissed a lawsuit by the Trump administration that accused Washtenaw County officials of obstructing federal immigration enforcement operations.
Providers, students, clients and community members gathered outside the Blue Cross Blue Shield of Michigan headquarters to urge the organization to pursue solutions that preserve access to care.
The new facility brings a wide range of services together under one roof, including workforce development programs, educational opportunities, behavioral health support and family services.
A human case of West Nile virus in West Michigan was detected through routine screening of a blood donation, health officials say.
The number of new cyclosporiasis cases in Michigan is starting to noticeably slow down, but state health officials are still tracking the summer outbreak.
Michigan is reporting its first human case of Eastern equine encephalitis, also known as EEE, since 2021.
The Detroit Tigers were topped by the Kansas City Royals 3-1 on Saturday night.
Joshua Dobbs ran for a 50-yard touchdown and the Detroit Lions held on for a 17-13 preseason win against the Washington Commanders.
Serena Williams will team up with Carlos Alcaraz to create a powerhouse mixed doubles pair in her return to the U.S. Open.
The University of Utah is suing former assistant coach Freddie Whittingham for breach of contract after he left to join his brother Kyle's staff at Michigan.
Detroit Lions tight end Sam LaPorta is being held out of practice with a hip injury, and coach Dan Campbell is hopeful the ailment doesn't linger into the season.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The Detroit Institute of Arts on Saturday celebrated a new mural at Hess-Hathaway Park in Waterford Township. The mural was created as part of the organization's Partners in Public Art program.
A brand-new school year starts on Monday for most students in Metro Detroit. On Saturday, a community organization got families ready with a back-to-school festival. CBS News Detroit's Veronica Ortega was there.
Sunday starts out sunny but we could see some changes in the afternoon
Police in Detroit say human remains were found inside a home on the city's west side Friday, the day after officials discovered a man and a woman dead in the residence.
Canada and the U.S. are in a trade war after negotiations for a deal between the two countries failed late Friday. The U.S. is set to impose a 50% tariff on $20 billion worth of Canadian products. Canada has vowed to respond. Julia Avant spoke with Sandy K. Baruah, the CEO of the Detroit Regional Chamber, about the impact the tariffs could have on Michigan.