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.
UCLA finished the season 37-1 by defeating the three-time national champion South Carolina Gamecocks.
The Detroit Red Wings were defeated 5-4 by the Wild on Sunday. Kirill Kaprizov completed the sixth hat trick of his NHL career on the power play with 1:51 remaining to lead Minnesota to victory.
A boy is in the hospital and two others are in custody after a shooting at a housing complex in Taylor, Michigan, early Saturday, according to police.
A Redford, Michigan, man is facing three charges after being accused of planning to meet with a 13-year-old girl for a "sexual encounter," according to the Macomb County Prosecutor's Office.
NASA Administrator Jared Isaacman outlined the most critical moments he expects in the coming days as Artemis II astronauts continue their journey around the far side of the moon.
Teenagers took over downtown Detroit on Friday night, marking the second time in two weeks of such a gathering. The trend has become popular in cities across the country.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Severe storms swept through Southeast Michigan Saturday evening amid reports of damaged houses and downed trees in parts.
UCLA finished the season 37-1 by defeating the three-time national champion South Carolina Gamecocks.
A 3-year-old child is dead and a motorist is in custody after the child was hit by a pickup truck in Cedar Springs, Michigan, on Friday.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
The bag, called the "Gold Standard Cassette Tape," features a bold, nostalgic design inspired by classic cassette tapes.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
NASA Administrator Jared Isaacman outlined the most critical moments he expects in the coming days as Artemis II astronauts continue their journey around the far side of the moon.
Some major retailers and other stores will close their doors on Easter, so it's best to plan ahead. Here's what to know.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Tobias Harris led the charge against his former team Saturday night, helping Detroit clinch the No. 1 seed in the Eastern Conference.
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
Prosecutors allege the dentist billed Medicaid for large numbers of unnecessary dental crown work on patients that was not provided.
According to the Michigan Department of Health and Human Services, there have been eight confirmed measles cases in the state in 2026.
A water services provider and its president are accused of falsifying water safety and discharge tests for private water systems serving mobile home communities in Michigan.
Michigan communities have received millions from a national opioid settlement, but some haven't spent any funds yet.
Paramedics and emergency medical technicians face a harsh reality in Michigan.
UCLA finished the season 37-1 by defeating the three-time national champion South Carolina Gamecocks.
The Detroit Red Wings were defeated 5-4 by the Wild on Sunday. Kirill Kaprizov completed the sixth hat trick of his NHL career on the power play with 1:51 remaining to lead Minnesota to victory.
Michigan overpowered Arizona early and humbled the Wildcats all night long, turning the Final Four meeting billed as the Game of the Year into a 91-73 Wolverines highlight reel Saturday night.
Kerry Carpenter, Zach McKinstry and Matt Vierling hit two-run homers and drove in three runs apiece, and the Detroit Tigers powered their way to an 11-6, rain-shortened victory over the St. Louis Cardinals.
Tobias Harris led the charge against his former team Saturday night, helping Detroit clinch the No. 1 seed in the Eastern Conference.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
People in Monroe County, Michigan, were cleaning up broken trees and damaged property Saturday evening after severe storms rolled through the area. Julia Avant speaks with homeowners about what's next for them.
The Michigan men's basketball team defeated Arizona in the Final Four of the NCAA Tournament 91-73 on Saturday night to advance to the national title game. Matt Finkel reports.
Below average temps for the beginning of the week
For the second time in two weeks, teens took over downtown Detroit. The "teen takeover" trend has become popular in cities across the country. Veronica Ortega is hearing from Detroit business owners on how the trend is impacting them.
Along with Michigan men's basketball players, Wolverines fans are getting ready for Saturday's matchup. Many traveled to Indianapolis to watch the team try to punch their ticket to the national title game. CBS News Detroit's Jack Springgate reports from the team hotel.