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Age 30 is the New 22 when it comes to your grown kids becoming financially independent, according to a new Schwab survey of intergenerational family finances. But many parents are also stressing about whether they will be able to retire comfortably, even though they believe their kids have no problem leaning on them for money-help. Might it be time for parents to come clean with their kids?
It's hard for most of us to accurately predict when high inflation or a recession will occur. Also, given how long you'll be retired, there's a good chance you'll experience one or more of these events during your lifetime. That's why it's a good idea to diversify your sources of retirement income.
When markets decline hard, try to remember that sinking feeling. It'll help protect your retirement savings in the long run.
What should you do if you think that high inflation is in our future? Some answers may surprise you.
If you're of the right age, short on cash, and sitting on hundreds of thousands of dollars in home equity, reverse mortgages can be a sweet deal. But these loans aren't sure things. Here's how to know if a reverse mortgage is right for you.
Everyone parks the money they must keep safe in a money market fund. But these days, that makes no sense: the funds aren't as safe as some investments that pay more.
Women are proving to be an especially eager audience for insurers selling immediate annuities these days. The good news: immediate annuities can be a smart way to generate steady retirement income. The bad news: Now is so not the right time to be buying. You want to wait for rates to rise. Immediate annuities are an easy sale for insurance agents these days, but that doesn't make today an ideal time to make
The average total cost of a severe heart attack -- including direct and indirect costs -- is about $1 million. The average cost of a less severe heart attack is about $760,000. Amortized over 20 years, that's $50,000 per year for a severe heart attack and $38,000 per year for a less severe heart attack.
You can make yourself crazy checking your portfolio daily, says Jill Schlesinger. Instead, check your 401(k) quarterly - but retool your asset allocation. Here's how.
Slow down if you're driving through a city or county that has a budget shortfall. Two studies put some hard data behind what you probably always thought was at play: Cops give out more tickets in cash-strapped areas. Especially to out-of-towners. Given the fiscal straits across the country, that's just another reason to slow down.
Is the economy getting better or not? If you look at the technical numbers (such as leading economic indicators), it is. If you look at what's driving those numbers, maybe not.
Travel insurance typically combines three forms of coverage. Is this insurance a good idea? Are you already covered by your existing insurance? Read on to get the answers.
Goldman Sachs doesn't sell stuff to ordinary folks. But its SEC troubles are a reminder of what you need to remember dealing with any financial salespeople.
If you rely only on conventional wisdom to decide how much income you need in retirement, the consequences can be unpleasant. If your goal is too low, you might run out of money before you die. If your goal is too high, you might postpone your retirement. Do the math to estimate how much money you need to meet your needs and be happy for your retirement years, and not rely on generalized goals that may not fit you best.
Online calculators can help you run the numbers to figure out how much you need to save for retirement. But take a close look at the assumptions they make (or leave out).
Mo Strategies, started by former Trump campaign and administration officials, recently expanded its practice into the lucrative world of pardon lobbying.
After conflicting remarks from Iran and the U.S., the U.N. nuclear agency chief says Iranian sites will be inspected, but the timing is "not essential."
Soldiers say the Army disregarded warnings about thin defenses and ignored requests for medical supplies. Now they question whether the Army is being transparent about their injuries.
The searches stemmed from an ongoing probe into the conduct of former NYPD Chief of Department Jeffrey Maddrey, a source told CBS News.
Those who were fired and sent to their home agencies didn't have tasks, or their assigned tasks were outdated, a source said.
New York City Mayor Zohran Mamdani endorsed three left-of-center candidates in the congressional Democratic primaries, and all three are set to win, CBS News projects.
The camp listed its debt as exceeding $10 million.
President Trump is set to attend a lunch meeting with Senate Republicans to push for an elections bill that GOP leaders have said has no chance of passing.
Gen. Chris Donahue had clashed with Defense Secretary Pete Hegseth, multiple sources told CBS News.
The boy was on a tour of the Bahamas' Exuma Cays with his family when the attack occurred, the Royal Bahamas Police Force said.
President Trump is set to attend a lunch meeting with Senate Republicans to push for an elections bill that GOP leaders have said has no chance of passing.
The searches stemmed from an ongoing probe into the conduct of former NYPD Chief of Department Jeffrey Maddrey, a source told CBS News.
Soldiers say the Army disregarded warnings about thin defenses and ignored requests for medical supplies. Now they question whether the Army is being transparent about their injuries.
Mo Strategies, started by former Trump campaign and administration officials, recently expanded its practice into the lucrative world of pardon lobbying.
Chinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.
The legislation aims to increase housing supply and lower costs. It marks a rare bipartisan legislative accomplishment for lawmakers.
President Trump's construction projects include restoring the Lincoln Memorial Reflecting Pool, building a 90,000-square-foot White House ballroom and a 250-foot triumphal arch.
The ruling deals a setback to the "Make America Healthy Again" campaign, which seeks to curb purchases of foods officials say are unhealthy.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
President Trump is set to attend a lunch meeting with Senate Republicans to push for an elections bill that GOP leaders have said has no chance of passing.
Soldiers say the Army disregarded warnings about thin defenses and ignored requests for medical supplies. Now they question whether the Army is being transparent about their injuries.
Chinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.
Leading Latino political strategists are examining the races where Latinos could play an outsize role in the midterm elections, and believe their votes will be critical in a number of House races.
Mo Strategies, started by former Trump campaign and administration officials, recently expanded its practice into the lucrative world of pardon lobbying.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
The Trump administration's cuts to Medicaid and SNAP may complicate Republican Gov. Joe Lombardo's reelection chances.
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
In 1970, about 1 in 20 children were affected by obesity; today, it's 1 in 5. Dr. Jonathan LaPook looks at programs aimed at helping kids (and their families) get healthy the old-fashioned way, by eating right and exercising.
The boy was on a tour of the Bahamas' Exuma Cays with his family when the attack occurred, the Royal Bahamas Police Force said.
After conflicting remarks from Iran and the U.S., the U.N. nuclear agency chief says Iranian sites will be inspected, but the timing is "not essential."
A North Korean soldier has been taken into custody after crossing the Demilitarized Zone into South Korea in a suspected defection, the Yonhap news agency says.
Peru's right-wing presidential candidate Keiko Fujimori built what may be an unassailable lead as vote counting for the runoff election entered its final stages, official figures showed.
The Senate approved a House-passed resolution aimed at reining in President Trump on Iran, marking the first time such a measure has made it through both chambers.
Multiple Grammy-winning music executive Clive Davis, who helped launch the careers of such artists as Barry Manilow, Bruce Springsteen, Whitney Houston and Alicia Keys, died on June 22, 2026 at age 94. In this Oct. 23, 2011 "Sunday Morning" profile, Anthony Mason talked with Davis about his "accidental" career in music, and his comeback after losing his job as head of Columbia Records in the early '70s. Mason also attended one of Davis' legendary pre-Grammy parties, where Jennifer Hudson spoke about what she'd learned from her mentor.
Record label executive and starmaker Clive Davis died at 94 on Monday. His influence spans genres and decades. Music critic and Davis biographer Anthony DeCurtis reflects on the life and legacy of Clive Davis.
Jim Parsons speaks about starring in the musical "Titaníque," which is a comedic retelling of the story of the "Titanic," from the perspective and songs of Celine Dion. Parsons talks about why he wanted to portray's Rose's mother, the show's impact on the LGBTQ+ community and the cast.
Clive Davis, known for propelling artists across genres to stardom, died Monday at the age of 94. "CBS Mornings" co-host Gayle King looks back at his legacy in the music industry.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
Stocks slid around the world on Tuesday as investors pulled back from some of the biggest names in tech amid concerns about ongoing inflation and the possibility of future interest rate hikes. CBS News' Jo Ling Kent has more.
An international alliance warns that advanced artificial intelligence models are on the brink of being able to overwhelm cybersecurity systems for governments and businesses. Former CISA Director Chris Krebs joins with analysis.
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.
A massive tech stock sell-off dragged down the S&P 500 and Nasdaq on Tuesday. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Seahorses are unique ocean inhabitants with a head like a horse, a pouch like a kangaroo, a tail like a monkey, and the ability to camouflage themselves like a chameleon. They also exhibit an unconventional gender dynamic, in that the males do the work of carrying around fertilized eggs. Correspondent Conor Knighton goes in search of these fascinating fish – and their equally fascinating cousins, seadragons – at the Birch Aquarium at the Scripps Institution of Oceanography in California.
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
The Supreme Court recently decided to reinstate the conviction of the man accused of kidnapping and murdering 6-year-old Etan Patz in 1979, bringing the case back into the public eye. "After Etan" author Lisa Cohen shares her thoughts on how the Etan Patz kidnapping changed how the public viewed missing children's cases.
Authorities believe that two ransom notes addressed to Nancy Guthrie's family shortly after her disappearance are linked to the same person or group. CBS News' Anna Schecter has more.
Investigators familiar with the case believe it is likely that two ransom notes sent to Nancy Guthrie's family were written by the person or group that abducted her. While the first note demanded millions in bitcoin, the second claimed that Nancy Guthrie had died, albeit not purposefully, according to sources who reviewed the notes. CBS News' Bradley Blackburn has more details on the case.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
Two people were killed and a child was injured in a shooting inside a library in Chico on Monday, officials said.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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.
A tech stock sell-off has triggered some volatility in the stock market. Kelly O'Grady explains what it could mean for your investments, including retirement accounts.
President Trump is facing growing backlash over the Iran war. On Tuesday, the Senate voted to limit the president's war powers and some lawmakers, including Republicans, have questioned the U.S. deal with Iran. Nikole Killion reports.
Survivors and their families are accusing the Pentagon of downplaying the injuries service members suffered during the deadly Iranian drone strike in Kuwait on March 1. In an exclusive interview with CBS News' Jonah Kaplan, a wounded soldier said he "absolutely" believes the Army and the Pentagon have tried to downplay the incident.
Newly released testimony from billionaire Bill Gates reveals what he told lawmakers about his relationship with convicted sex offender Jeffrey Epstein. Gates testified that after he cut ties, Epstein made what Gates considered "veiled threats" to expose his extramarital affairs. Caitlin Huey-Burns reports.
At least 40 people have drowned in France trying to beat the heat as extreme temperatures hit Europe. Leigh Kiniry has more.