How 401(k) fees can cost tens of thousands in retirement savings
About four in 10 workers aren't even aware they pay fees on their 401(k)s, research has found. Here's what to know.
Watch CBS News
About four in 10 workers aren't even aware they pay fees on their 401(k)s, research has found. Here's what to know.
The IRS is increasing the contribution limits for retirement accounts in 2026, boosting the top threshold to account for inflation.
The U.S. population of people over 65 is expected to surge by 40% over the next 25 years, but many aren't prepared for longevity, a new study says.
President Trump signed an executive order that he says will democratize alternative investments for workers saving for retirement.
Under a new executive order signed by President Trump, workers could add higher-risk assets like cryptocurrencies to their 401(k)s.
With the markets so volatile, many people across the country are concerned about what that means for their financial futures.
Stocks tumbled for the third straight day Monday as the market tries to gauge what a trade war would mean for the global economy.
After the stock market plunged Thursday and Friday following President Trump's newest announced tariffs, many Americans are seeing their retirement savings, particularly in 401(k) plans, take a hit.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
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.
Retirement planner Craig Kirsner recommends people contribute to their 401K plans.
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
The tax agency said it is also boosting the contribution threshold for IRAs due to inflation.
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
According to personal finance website GoBankingRates.com, 42 percent of Americans polled said they have less than $10,000 saved for their eventual retirement.
Retirement 911: Are You Prepared? It's Never Too Early To Start
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.
Legislators in the Florida House are set to pass a bill to end traditional guaranteed pensions for future state and county employees along with teachers.
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.
In our consumer-based economy, when shoppers feel like spending, business gets a boost.
Incoming House Speaker Will Weatherford said the current pension system is "old and archaic", and he wants to change it.
When CBS4 Anchor Eliott Rodriguez sat down with Newt Gingrich, he was ready to talk about a lot more than Cuba policy and immigration. The former House speaker also took on a traditional GOP issue: taxes.
As the economy continues to sputter, city and state governments are turning against their own workers to make up the financial shortfall. The latest cuts are targeting pension plans which have pushed some cities to the brink of financial ruin.
The sheriff says board members, mostly elderly Spanish-speaking volunteers, had no idea what was happening.
Carlos Alvarez was taken into custody after police said surveillance video captured him fighting with a friend behind Sedano's supermarket on Aug. 6.
Families opposing closures are proposing magnet and STEM programs as alternatives to shutting schools down.
Both candidates cited the sealed grand jury report CBS News Miami obtained, which found $10M was misappropriated.
DeSantis called the grand jury report a hoax, while Jolly said he would reopen the investigation if elected.
The sheriff says board members, mostly elderly Spanish-speaking volunteers, had no idea what was happening.
Carlos Alvarez was taken into custody after police said surveillance video captured him fighting with a friend behind Sedano's supermarket on Aug. 6.
A Florida grand jury found the DeSantis administration misappropriated $10 million in taxpayer money for political purposes.
The Miami Dolphins' three preseason games will air on CBS Miami as the team prepares for the 2026 NFL season.
Families opposing closures are proposing magnet and STEM programs as alternatives to shutting schools down.
Carlos Alvarez was taken into custody after police said surveillance video captured him fighting with a friend behind Sedano's supermarket on Aug. 6.
Families opposing closures are proposing magnet and STEM programs as alternatives to shutting schools down.
Both candidates cited the sealed grand jury report CBS News Miami obtained, which found $10M was misappropriated.
DeSantis called the grand jury report a hoax, while Jolly said he would reopen the investigation if elected.
The city says the removed section is in storage and will be reinstalled as part of planned seawall improvements.
The Kennedy Center's board of trustees voted earlier this month to add inscriptions recognizing President Trump to the building's facade.
The plaintiffs say the Trump administration is trying to fire them as a part of its "extraordinary censorship efforts."
The executive order directs the Interior Department to update the Geographic Names Information System, changing the name of Lake Ontario to Lake America.
President Trump has accused oil companies like Chevron and ExxonMobil of "making too much money." He owns shares of both.
CIA Director John Ratcliffe warned Russia not to attack NATO member states during his visit to Moscow this week, people familiar with the matter said, amid U.S. assessments that Russia could try to test NATO.
Gilbert is running for the seat that Frederica Wilson is retiring from.
The winner of the Florida Democratic primary now has her eyes set on the Senate seat currently held by Republican Ashley Moody.
In a statement, Moody attempted to distance herself from the affair, suggesting the blame rests with the Governor and his Administration.
The race to see who will be the Democratic nominee to take on Republican Congresswoman Maria Elvira Salazar in District 27 is being closely watched.
Months after leaving TV news, Rodriguez is competing against former prosecutor Robin Peguero for the CD-27 nomination.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Federal officials issued a public health alert for meat products containing jalapeños that may be linked to a salmonella outbreak that has sickened hundreds of people across at least 27 states.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
After Hayden Panettiere's death, fans resurfaced her claim that Neutrogena had fired her in 2015 over her comments about postpartum depression.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.