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With much smaller generations following the largest demographic bulge in U.S. history, Thornton Parker argues that boomers will flood the market as they sell their stock holdings - depressing prices and possibly causing a market crash.
Millions of older Americans have anxieties about their financial security in their retirement years. Their legitimate concerns can prevent them from truly enjoying their retirement years. Put solid plans in place to address these concerns, however, and you'll feel a lot better about the future.
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.
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Tulsi Gabbard is resigning as the director of national intelligence after her husband was diagnosed with a rare form of bone cancer.
The secretary of state tempered optimism for a deal to end the Iran war, calling Iran's bid to "create a tolling system" in the Strait of Hormuz "not acceptable."
Southern California officials have expanded an evacuation zone in several Orange County cities over a toxic chemical tank that they say is "actively in crisis."
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
The Trump administration on Friday announced a sweeping policy designed to make it harder for immigrants already in the U.S. to get permanent residency.
Kyle Busch's cause of death has not been given, though his family said earlier the NASCAR icon had been hospitalized with a "severe illness."
The Pentagon on Friday released a new batch of 64 files related to UFOs, unveiling a second tranche of records under an executive order by President Trump.
Kindness 101 is a program that uses the stories CBS News finds in our "On the Road" series to teach kindness and character. The stories are paired with lesson plans created by a nonprofit at Iowa's Drake University called "Character Counts!"
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Kyle Busch's cause of death has not been given, though his family said earlier the NASCAR icon had been hospitalized with a "severe illness."
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
When CIA Director John Ratcliffe visited Havana last week to meet with senior Cuban officials, he brought along one of the covert operators involved in the mission to capture Nicolás Maduro, multiple people familiar with the matter said.
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
The Trump administration on Friday announced a sweeping policy designed to make it harder for immigrants already in the U.S. to get permanent residency.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
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.
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
The satirical "Cockroach Janta Party" calls itself a "political front of the youth, by the youth, for the youth." India's government may be trying to squash it.
Trump says 5,000 U.S. troops will head for Poland, a week after the White House said a planned deployment of 4,000 was being nixed.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
At least five climbers have died during this Everest season. A U.S. and a Czech climber died on Mount Makalu earlier this month.
Disney's latest addition to the Star Wars franchise, "The Mandalorian and Grogu," is kicking off the summer slate of blockbusters. Some other highly-anticipated movies that will be tested at the box office this summer are Steven Spielberg's "Disclosure Day," "Toy Story 5" and "Supergirl." Lucas Shaw, managing editor for media and entertainment at Bloomberg News, joins "The Daily Report" to discuss.
The Indianapolis 500 is this Memorial Day Weekend, kicked off by the second annual Weenie 500. "Cook 'Em Cam" and "Jack and Cheese," whose New York dog won the race, join CBS News to discuss.
Major franchises are bringing new movies to a theater near you this summer. Fandango's Erik Davis joins with more.
A newly released video shows the California Highway Patrol's March 4, 2026, DUI arrest of pop star Britney Spears in Ventura County, California. Officers indicated they smelled alcohol on Spears and conducted a field sobriety test before she was placed in the back of a patrol car and taken to a hospital for a blood test to check for drugs. Spears voluntarily checked herself into rehab in April and pleaded guilty to reckless driving.
"Off Campus" star Ella Bright joins "CBS Mornings" to talk about the show's success, learning to sing and play the guitar for her role, and why her character's love story resonates with fans.
Amid concern about AI taking jobs, people see a range of motives by AI companies.
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.
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 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.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
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.
In Raleigh, North Carolina, a woman's civil case turned into a criminal one after police said she shot two lawyers outside a courthouse. Both were hospitalized. Skyler Henry reports.
Six years after his murder in Minneapolis, and despite passing the House twice, the George Floyd Justice in Policing Act remains stalled in the Senate. Some lawmakers are hoping to change that. Democratic Rep. Glenn Ivey of Maryland and Minnesota Attorney General Keith Ellison join to reflect on the state of police reform.
The deadly attack at the Islamic Center of San Diego was streamed online, and at least three people watched as two teenagers attacked the facility filled with young students, CBS News' Anna Schecter reports.
A newly released video shows the California Highway Patrol's March 4, 2026, DUI arrest of pop star Britney Spears in Ventura County, California. Officers indicated they smelled alcohol on Spears and conducted a field sobriety test before she was placed in the back of a patrol car and taken to a hospital for a blood test to check for drugs. Spears voluntarily checked herself into rehab in April and pleaded guilty to reckless driving.
Pop star Britney Spears said she was "totally fine" to drive and had not had a drink for about six hours when she was pulled over by the California Highway Patrol.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
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.
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.
A recent survey from digital savings platform Retail Me Not found 54% of respondents plan to shop Memorial Day weekend sales this year, up 36% from last year. But the survey found the amount people plan to spend has dropped a whopping 70% from last year. Consumer savings expert Andrea Woroch has more.
This week, the Justice Department created a so-called "anti-weaponization fund" as part of a settlement between President Trump and his own federal government over the leaking of his tax returns. The settlement also includes a pledge from the IRS that it will not pursue any legal claims it may have against Mr. Trump, his family and his companies. CBS News legal contributor Jessica Levinson has more.
Disney's latest addition to the Star Wars franchise, "The Mandalorian and Grogu," is kicking off the summer slate of blockbusters. Some other highly-anticipated movies that will be tested at the box office this summer are Steven Spielberg's "Disclosure Day," "Toy Story 5" and "Supergirl." Lucas Shaw, managing editor for media and entertainment at Bloomberg News, joins "The Daily Report" to discuss.
Schools teach kids how to read, write and do math. But what about a class on how to be kind? In some places, it is. Steve Hartman goes "On the Road" with the story.
Millions are planning get-togethers with family and friends this weekend, despite high prices. In this week's "Affordability in America," Jo Ling Kent has more.