Watch CBS News
The vast majority of Americans have little confidence they understand the ins and outs of Asset Allocation. That's just further proof why target-date retirement funds are a vital and good addition to 401(k) plans. So can we stop all the target-fund bashing?
The Warren Buffett-Charlie Munger Q&A session at the Berkshire Hathaway annual meeting will no doubt generate plenty of interest this weekend. But for investing insights, taking a look at Buffett's personal portfolio can be even more illuminating. The Oracle's appetite for dividend-paying stocks in his personal portfolio generated more than $42 million in income last year. If you're starved for yield and cautious about bonds right about now, poring over Warren Buffett's personal portfolio of dividend stocks is worth a look.
I advocate that you consider a much more gradual transition than the traditional retirement, which is often very abrupt. Downshifting is about reducing your hours and restructuring your work, to do just the work that you like and you're good at. This allows existing retirement resources to grow until they're really needed at full retirement.
It's a good idea to file an extension if you need more time to do a thorough job preparing your tax return. If you don't file a tax return or at least an extension by April 15th, then you'll owe IRS penalties and interest.
The fact that the vast majority of Americans didn't flee their 401(k)s during the bear market isn't cause for celebration. Doing nothing is not enough. If we don't all start saving more for retirement, we could all end up paying a price down the line.
"Annuity" is a dirty word in many circles, usually due to the high costs and mediocre performance of deferred annuities, or by complicated features that some insurance companies attach to immediate annuities. A simple, low-cost fixed immediate annuity is a different animal that doesn't deserve this reputation. I suggest that an immediate annuity deserves serious consideration for people who have significant retirement savings and are concerned about managing their longevity risk.
Millions of folks could find that they unexpectedly owe taxes for Tax Year 2009 as an unintended consequence of the new Making Work Pay Credit. Surprisingly the IRS may offer some of the better options for folks who need to pay their tax debts over time.
How to do the math to help you decide the right time to start your Social Security benefits, taking into account your life expectancy and Social Security's rules for increasing benefits if you delay the start date.
A new study of 401(k) returns among different age groups concludes that older Baby Boomers have had a pretty sweet ride. Cryin' rights go to younger boomers, who missed out on part of the great bull run that began in 1982 and now don't have oodles of time to make up for losses suffered in the two crashes since 2000. Gen X isn't much better off.
If you are one of the more than 15 million taxpayers who unexpectedly owe taxes for 2009, you'll be surprised to find out why. And if you can't pay your tax debt in full, read on for some payment options that may provide some relief.
This post looks at the qualitative reasons why it's smart to make your Social Security income as large as possible by delaying benefits for as long as you can (but no later than age 70).
Federal tax refunds are coming in at a record pace above $3,000. How about a few off-beat retirement-centric ideas for that mini-windfall? Perhaps you'd like to put your your kid on the path to becoming a millionaire (fund a Roth IRA). Or maybe what you really need is a vacation. Yes, I said vacation. After all, if you plan to delay your retirement for a few years you're going to need a strategy for avoiding early burnout.
It was once unthinkable that America's credit standing would be a factor in buying Treasury bonds. Not any more.
Understanding how to use both your Roth and traditional 401(k) accounts can help you lower the taxes you pay in retirement.
Wealthy German retirees were sentenced to jail this week for kidnapping their investment adviser they claimed was at fault for massive losses to their nest eggs. The kidnapping and multi-million dollar ransom demand was their second crime. Their first crime was allowing themselves to be deluded into thinking they could earn steady 12 percent returns with no risk.
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire, far below normal traffic levels before the war, data shows.
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
The president says the arch will commemorate the nation's 250th anniversary.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
A federal judge blocked a restrictive new Defense Dept. press policy instituted after previously he ruled Pentagon press restrictions issued last year were unlawful.
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
Russia's President Vladimir Putin has declared a ceasefire in Ukraine over the Orthodox Easter.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
K-pop supergroup BTS hit the stage on Thursday, kicking off their comeback world tour after a four-year hiatus. Nicole Fell, assistant editor at The Hollywood Reporter, joins "The Daily Report" to discuss.
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
(Spoilers ahead) The latest castaway voted off "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss being eliminated from the game, this season's challenges and being the first member of the jury.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
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.
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Police file charges against 21 suspects in what's described as a $267 million fraud case with zero legitimate patients. Adam Yamaguchi reports.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
Jasveen Sangha, the woman described as the "Ketamine Queen," was sentenced Wednesday to 15 years in federal prison for her role in the death of "Friends" co-star Matthew Perry. Carter Evans reports.
Brian Hooker has been arrested by the Royal Bahamas Police Force after his wife, Lynette Hooker, apparently fell overboard from their dinghy and was swept away by currents. Hooker's lawyer denies any wrongdoing. CBS News' Cristian Benavides reports.
Gerhardt Konig, the anesthesiologist accused of trying to kill his wife in Hawaii last year, was found guilty Wednesday of attempted manslaughter based upon extreme mental or emotional disturbance.
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
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.
Juliegrace Brufke, host of the "Sources Say Podcast" joins Major Garrett for a talk about the hottest gossip coming out of the nation's capital.
President Trump says he asked Netanyahu to scale back Lebanon strikes; Melania Trump makes a rare statement denying relationship with Jeffrey Epstein.
The Artemis II mission is scheduled to splashdown near San Diego Friday evening. CBS News reporter Jared Ochacher has more.
U.S. service members spoke to CBS News' Jonah Kaplan about the deadly Iranian drone strike in Kuwait and recalled the moment an explosion hit the unit. The survivors described the heroism after the war's deadliest strike against the U.S. and disputed the Pentagon's description of the events.
K-pop supergroup BTS hit the stage on Thursday, kicking off their comeback world tour after a four-year hiatus. Nicole Fell, assistant editor at The Hollywood Reporter, joins "The Daily Report" to discuss.