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Many of our higher-paid readers may be offered savings plans through their employer that allow tax-deferred contributions in excess of the annual limits on 401(k) contributions. (In 2010, the most you can invest in a 401(k) plan is $16,500--$22,000 if you're age 50 or older). The recent meltdown exposed a critical problem with these plans.
Some of the nation's largest public pensions are being told their assumed rate of return is too optimistic. If you haven't re-examined the rate of return you've been plugging into your own retirement projections, it's time to take another look.
Don't automatically assume that you'll be OK just because your employer sponsors retiree medical insurance. Thoroughly investigate the details of the plan, and do the math on the subsidy and the net cost to you. If you've done your homework and the plan works for you, you've cleared a significant hurdle on the road to retirement.
Don't rely too heavily on the number of As, stars or smiley faces someone assigns to a particular investment.
Olivia Mitchell is one one of the nation's foremost retirement experts, having spent a career studying the evolving nature of retirement planning issues and responsibilities for individuals, the private sector and the government. In a recent paper she came to this conclusion: Working longer is going to be the best solution to fixing what ails your retirement strategy.
Another high profile advisor perpetrates fraud -- his clientele is surprising but his techniques are typical.
Having good reasons to retire and avoiding the bad ones will get you off to a great start.
Self-employed? That means you won't have a company pension or 401(k) - but there are other good ways to save for retirement, says Eric Schurenberg.
The interest rate on a 15-year fixed rate mortgage hit a historic low last week. That makes it more feasible for anyone closing in on retirement to refinance and know the mortgage will be polished off before they stop working. In terms of financial stress reduction in retirement, that's a huge win.
Use these tips to determine just how much money you need for retirement -- and how much more you need to save to reach your goal. They may sound like a lot of work, but it sure beats being wrong and broke at age 80!
Master Limited Partnerships have long been limited by their tax structure that require dealing with the dreaded K-1 tax statement. Now a new breed of MLP vehicles work around the K-1 by making payouts via an easy 1099. For investors in search of yield, MLPs with yields of 6 percent or so just got a whole lot easier to invest in.
Firms that still offer retiree medical benefits say they are likely to curtail that coverage in the coming years, thanks to health care reform. The upshot for some early retirees is that you may pay more out of pocket for coverage before you become eligible for Medicare at age 65.
Look carefully at the fees charged by target date funds, and have the patience to look at the specific description of the fund you're considering. Many financial institutions offer different versions of funds with similar sounding names, but with different expenses. High fees will eat away at your retirement savings.
The return of market volatility, the mess over in Europe, and renewed talk of a double-dip recession got you stressed out? Before you let your emotions push you to make any changes in your financial plan, consider hitting the pause button and give yourself time to consider a thoughtful response to what's got you worked up.
While it's rare for the US to experience a double-dip recession, I wouldn't count it out.
The new fund to provide payouts to those who say the legal system was "weaponized" against them raised immediate questions about its legality, implementation and enforcement.
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
GOP Rep. Brian Fitzpatrick and Democratic Rep. Tom Suozzi introduced a bill to ban the use of federal money for paying out claims under the Justice Department's new "anti-weaponization" fund.
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Whether Zelenskyy had in fact uttered the line "I need ammunition — not a ride" was disputed by the Biden administration when I reported it. Now, the Ukrainian leader has confirmed he said it.
GOP Rep. Brian Fitzpatrick and Democratic Rep. Tom Suozzi introduced a bill to ban the use of federal money for paying out claims under the Justice Department's new "anti-weaponization" fund.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
A new report finds that on-time flight arrivals are at their worst level since 2014, with fuel costs and weather adding to summer travel risks.
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
Whether Zelenskyy had in fact uttered the line "I need ammunition — not a ride" was disputed by the Biden administration when I reported it. Now, the Ukrainian leader has confirmed he said it.
GOP Rep. Brian Fitzpatrick and Democratic Rep. Tom Suozzi introduced a bill to ban the use of federal money for paying out claims under the Justice Department's new "anti-weaponization" fund.
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
The House and Senate will both leave Washington for their Memorial Day recess without voting on a reconciliation package to fund federal immigration agencies.
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Finnish divers found the Italians in a corridor with a dead end inside the cave complex, Italy's la Repubblica daily reported.
Russia says "nuclear munitions" sent to Belarus for joint drills in the country that Moscow used as a launchpad for its 2022 invasion of Ukraine.
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Throughout the airing of "Survivor 50," castaways joined "CBS Mornings" to discuss their time on the show. In this marathon, relive the twists and turns and hear from all 24 contestants about what it was like to be a part of the 50th season.
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
"Survivor" host Jeff Probst joins Gayle King and the top five contestants from "Survivor 50" after the jury crowned a winner in the legendary game.
(Warning: spoiler alert!) The "Survivor 50" final five contestants join Gayle King to discuss the season finale.
(Warning: spoilers ahead!) The "Survivor 50" winner has been crowned after a monumental season featuring some of the best in the game. Gayle King breaks down the wild finale.
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
A TikTok star and her father were charged for allegedly plotting to kill the father of her daughter, boy band singer Jack Avery, by paying in bitcoin and using the dark web and coded messages. Jonathan Vigliotti has the details.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
The new Justice Department "anti-weaponization" fund is facing scrutiny over its execution and enforcement. Rupa Bhattacharyya, legal director at the Institute for Constitutional Advocacy and Protection at Georgetown University Law School, joins with analysis.
Congress left town without voting on what the Justice Department has called its "anti-weaponization" compensation fund. CBS News congressional correspondent Nikole Killion reports.
The U.S. is now refusing entry to any passenger without an American passport who has been to the Congo, Uganda, or South Sudan in the past three weeks. CBS News medical correspondent Dr. Céline Gounder, an infectious disease specialist who treated patients during the West African Ebola epidemic, joins to discuss the latest on the outbreak.
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.