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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.
Some retirement calculators use sophisticated techniques called "Monte Carlo" forecasts, also known as "stochastic" projections. Other calculators use much more simple projections, such as assuming fixed rates for your asset return and inflation, a specified life expectancy, and so on. I don't prefer one type or the other. However, I strongly prefer that you understand how to use the specific retirement calculator that you use.
Here are a few tactics to consider that can increase your retirement payout from Social Security.
Jill Schlesinger explains that women often have less money at retirement than men. Here are three things all women should do now.
Goldman Sachs wants to get deeper into the 401(k) business. But based on the company's track record, at both managing money and managing customers, you should take a pass.
With an estimated $1 trillion-plus shortfall in pension funding, states are beginning to scale back their retirement plan generosity. One clear trend is that new state employees will be steered away from pure old-fashioned pension plans into new plans that incorporate a 401(k)-like feature. Let's just hope the new plans for public employees don't repeat the same old 401(k) flaws all too familiar to those of us who were transitioned out of defined benefit plans decades ago.
A Social Security "do-over" - where you can request to halt benefit payments, return them in total and restart benefits at your current age - could result in a larger monthly payment for life.
Handling finances ranks as the most demanding "cognitive" task according to a broad survey of more than 3,000 adults. (The least demanding you ask? Watching TV. Big surprise, eh?) That's just another reason we should be pushing policy makers to step up ways to make key retirement planning tasks easier to accomplish.
Can you live a long time and avoid high costs for medical and long-term care? Here you'll learn how you might be able to achieve this goal, and you'll actually see one person who did.
A third of workers under the age of 34 now live with their parents. Jill Schlesinger suggests how parents can help their kids without going crazy.
Low inflation increases the odds that you won't run out of money in retirement.
It's clear that we're finally going to see some progress this year in shining a light on 401(k) fees. That's good. But I sure hope Washington and the 401(k) industry aren't going to sit back and feel that's enough reform for one year. There's plenty more in 401(k)-land that needs fixing. And fast.
Stan Hinden's book How to Retire Happy combines good financial planning information with his story about his own retirement. He's candid about the mistakes he made and how he'd do things differently with the benefit of hindsight. We can all learn from Stan.
Estate planning may not be fun, but it's important. Ray Martin explains what you need to create a will.
Social Security may be in trouble, but it's probably the best retirement asset you've got. Eric Schurenberg explains.
Colbert emphasized the "joy" the show brought him and cast members across 11 years and more than 1,800 episodes. Paul McCartney was the final guest in the star-studded finale.
Some Republican senators openly expressed their concerns about the Justice Department's new "anti-weaponization fund" in the meeting.
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
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.
At least three people watched a livestream as gunmen filmed their deadly attack at the Islamic Center of San Diego on Monday. One viewer urged another to alert law enforcement, but it is not clear if anyone did.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
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.
Republicans are struggling to find the votes to dismiss legislation that would compel President Trump to withdraw from the war with Iran.
The acting secretary of the U.S. Navy said Thursday that arm sales to Taiwan had been put on "pause" to ensure that the American military had sufficient munitions for its Iran operations.
Stephen Colbert said goodbye to "The Late Show" for the final time Thursday night as the franchise came to an end after 33 years.
Some Republican senators openly expressed their concerns about the Justice Department's new "anti-weaponization fund" in a tense meeting Thursday with Acting Attorney General Todd Blanche.
At least three people watched a livestream as gunmen filmed their deadly attack at the Islamic Center of San Diego on Monday. One viewer urged another to alert law enforcement, but it is not clear if anyone did.
The sister of the head of a company that is accused of having close ties to Cuban government operations has been arrested in Miami, federal authorities announced.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
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.
Republicans are struggling to find the votes to dismiss legislation that would compel President Trump to withdraw from the war with Iran.
The acting secretary of the U.S. Navy said Thursday that arm sales to Taiwan had been put on "pause" to ensure that the American military had sufficient munitions for its Iran operations.
Some Republican senators openly expressed their concerns about the Justice Department's new "anti-weaponization fund" in a tense meeting Thursday with Acting Attorney General Todd Blanche.
The sister of the head of a company that is accused of having close ties to Cuban government operations has been arrested in Miami, federal authorities announced.
Michael Cohen, a Trump lawyer-turned-critic, is planning to apply for money from the Justice Department's new "anti-weaponization fund," he told CBS News.
A new weight-loss drug, so new it is not on the market yet, is showing promising results in trials, doing much more than what current medications can. Dr. Jon LaPook breaks it down.
The U.S. is stepping up efforts to prevent Ebola from entering the country through its airports, with one flight diverted to Canada on Wednesday evening. Ian Lee reports from Detroit.
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.
The acting secretary of the U.S. Navy said Thursday that arm sales to Taiwan had been put on "pause" to ensure that the American military had sufficient munitions for its Iran operations.
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.
Stephen Colbert said goodbye to "The Late Show" for the final time Thursday night as the franchise came to an end after 33 years.
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.
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.
At least three people watched a livestream as gunmen filmed their deadly attack at the Islamic Center of San Diego on Monday. One viewer urged another to alert law enforcement, but it is not clear if anyone did.
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.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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.
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.
Data from the National Association of Realtors shows that 35% of single women ages 18 to 26 are buying homes compared to just 18% of single Gen Z men. However, as a whole, the age group is struggling to keep up with others when it comes to owning a home. Jessica Lautz, the deputy chief economist at the National Association of Realtors, joins "The Daily Report" to discuss.
The Iranian government is reviewing the latest U.S. proposal to end the war. CBS News national security analyst Aaron MacLean analyzes the situation.
Summer Camp isn't just for kids anymore. Each year, more adults are heading back to camp for a chance to sing, dance and take a break from burnout. Gwen Baumgardner unpacks the growing trend for grown-ups.
The Democratic National Committee has released the long-awaited autopsy report on its 2024 election loss. CBS News political contributor Joel Payne breaks down the results.
CBS News has learned that the Trump administration brought on more than 80 new federal immigration judges this week to speed up deportation cases. CBS News immigration correspondent Camilo Montoya-Galvez has the exclusive report.