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.
It's a new era for the city of Detroit and for Mary Sheffield, who has been elected the city's first woman mayor.
There's another setback for residents of Leland House in Detroit after authorities say winter weather caused a power outage, leading to an emergency evacuation.
Former University of Michigan football coach Sherrone Moore was booked into jail on Wednesday, just hours after he was fired.
The Flint native will officially take on his new role on May 4, 2026, with a $520,000 annual salary, according to the university.
New leadership is underway in Royal Oak after the city manager was abruptly ousted from his job this week.
Former University of Michigan football coach Sherrone Moore was detained by police on Wednesday, hours after he was terminated from his position, a source told CBS News Detroit.
There's another setback for residents of Leland House in Detroit after authorities say winter weather caused a power outage, leading to an emergency evacuation.
It's a new era for the city of Detroit and for Mary Sheffield, who has been elected the city's first woman mayor.
Rebecca Park of Cedar Creek Township, was 38 weeks pregnant when she was last seen Nov. 3. Her sister, Kimberly S. Park of Haring Township, reported her missing a day later.
The university appointed Biff Poggi as the interim head coach.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Yanfeng will close its Romulus production facility, located at 9800 Inkster Road.
In Metro Detroit, drivers are paying about $3.06 per gallon, which is 1 cent more than last week but 3 cents less than at the same time a year ago.
Most of the intersections and roundabouts that made the 2024 list are in Southeast Michigan.
Avancez said a change in customer orders will result in layoffs during December at its Hazel Park location.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Here are the top 20 largest Powerball and Mega Millions jackpots in history, and the odds of winning them.
Rebecca Park of Cedar Creek Township, was 38 weeks pregnant when she was last seen Nov. 3. Her sister, Kimberly S. Park of Haring Township, reported her missing a day later.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
The Trump administration is proposing to ask visitors from countries with visa-free travel to the U.S. to submit five years of their social media history before they can enter.
Current SAVE borrowers will have "limited time" to enroll in a new loan repayment plan and begin repaying their loans, the Education Department said.
Many people living with MS are limited from taking nature walks shown to improve mental health, so Hala Darwish is bringing Mother Nature to them.
Legionella bacteria were found through water testing in the building late Thursday after an employee was diagnosed with Legionnaires' disease.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
Women who have a doula are 47% less likely to have a cesarean delivery and a 29% lower chance of having a preterm delivery, according to a study published in the National Library of Medicine.
Former University of Michigan football coach Sherrone Moore was booked into jail on Wednesday, just hours after he was fired.
The University of Michigan appointed Biff Poggi as interim head coach after Sherrone Moore was terminated.
A.J. Hinch has mastered the art of smiling and sidestepping the one question he keeps hearing at the MLB winter meetings.
John Gibson made 39 saves for his first NHL shutout in nearly three years, and the Detroit Red Wings beat the Vancouver Canucks 4-0.
The parent of a Monroe, Michigan, student-athlete has filed a Title IX complaint over a transgender student from another school competing in a girls' volleyball game and tournament.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
This week's roundtable discusses the economic outlook as the critical fourth quarter of 2025 plays out.
Detroit City Council President Mary Sheffield was overwhelmingly elected as mayor.
The Detroit Lions head west this weekend to face former Lions quarterback Matthew Stafford and the Los Angeles Rams.
City Council President Mary Sheffield made history as the first woman to be elected as mayor of Detroit. Sheffield sat down with CBS News Detroit to discuss the weight of being the first woman to run the city.
There's another setback for residents who live in The Leland House in Detroit after authorities say winter weather caused a power outage, leading to an emergency evacuation.
Former University of Michigan football coach Sherrone Moore was booked into jail on Wednesday in a town outside Ann Arbor, according to authorities, hours after he was fired from his position.
As gun violence continues to impact families across Metro Detroit, one woman is taking a different approach, using education and training to save lives.