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A Rich Retirement

Costly financial mistake: Not having a will

In our Eye on Money series, we are looking at costly mistakes people make with their finances. Failing to have a will is one of the biggest errors you can make. Fifty-eight percent of American adults have not prepared estate planning documents, according to Caring.com. We spoke to a Massachusetts woman who could lose the home she has lived in for most of her life because her step-father did not leave a will. CBS News business analyst Jill Schlesinger, who writes about the importance of having a will in "The Dumb Things Smart People Do with Their Money," joins "CBS This Morning" to offer practical tips.

Tips for retirement

Generation X, or Americans born between the mid-60s and mid-80s, won't start hitting retirement age for another 12 years, but a new report says many believe they're not on track. Thirty-seven percent say they'd like to fully retire, but don't think they'll be able to afford it and 43 percent say they're behind in their savings. CBS News business analyst Jill Schlesinger joins "CBS This Morning: Saturday" to discuss why Generation X feels this way and tips for getting your financial future back on track.

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