Get Money Out of Your IRA Early. No Penalty. No Problem.
Everyone thinks you can't get at your retirement money before age 59 1/2 without a 10% penalty. Everyone is wrong.
Retirement
Pension Envy: Do You Have It?
MoneyWatch's Eric Schurenberg explains why pension holders, like workers with 401(k)s, may face an uncertain financial future.
How to Figure out Your Cost Basis, and Other Tax Prep Tips
If you ask CPAs and enrolled agents- professionals qualified to prepare federal tax returns - what you can do to help them do a better job for you, this is what they'll tell you.
Retirement Plans For the Self Employed
If you're self employed, make sure you take advantage of the tax savings available from creating your own retirement plan.
Top Economic Bloggers: Reduce Medicare and Social Security Spending
Top economic bloggers say reducing Medicare/Medicaid and Social Security are the most logical ways to balance the federal deficit. Among the worst ideas according to the econo-bloggers are raising payroll and income tax rates.
High Prescription Drug Costs Deliver Rude Awakening for Retirees
Working Americans who retire under Medicare face potentially high annual out-of-pocket costs for prescription drugs. That was the bad news; here's the good news. Many of the conditions that require lifetime maintenance drugs are the result of unhealthy lifestyle choices and habits, like eating the wrong foods and too much of them, smoking or not exercising.
Kid Roth: How Parents Can Raise a Millionaire
Helping your child fund a Roth IRA starting in their teens or twenties gives them a huge leg up on being a retirement millionaire.
Student Debt: How Much Is Too Much?
As parents save less for their students college, more students will take on an amount of loans than they cannot possibly afford on their income when they graduate. Here's my rule for how much in student loans is affordable.
Are You A Failure if You Can't Retire?
We need to rethink messages sent to us by society and advertising about the traditional retirement, since it's out of reach for most Americans.
Tax Tips: 2 New Don't Miss Forms
In an effort to boost the economy by lining the pockets of some taxpayers with cash, the federal government provided a few new tax breaks for 2009. To get in on your share of the governments largess, you'll need to be familiar with two little known tax forms - Schedule M and Schedule L. Here's what you need to know:
Don't Over Think The Value Of The Market
If you try to determine what the correct value is for the stock market, you may end up doing more harm than good to your portfolio.
Boomers Will Need to Tap Home Equity, not Bequeath It.
New research suggests reverse mortgages will by necessity become a key component of retiree income security.
Investments (and People) to Avoid
Over the years, I've seen lots of people make uninformed or poor choices, and as a result, they lost lots of money. If you can avoid common investing mistakes, you've won half the investing battle.
Breaking down Gen Y's $2 million retirement price tag
The financial services industry would do itself (and its customers!) a big favor if it stopped focusing on the big Number needed to live comfortably in retirement, and instead gave some useful advice about how saving reasonable sums now will get you where you want to be in 30 or 40 years.
Does Working Longer Increase Your Lifespan?
This post discusses evidence that working in your retirement years might actually improve your healh and longevity.
U.S. prepares for new military strikes against Iran
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 resigning as intel chief, citing husband's cancer diagnosis
Tulsi Gabbard is resigning as the director of national intelligence after her husband was diagnosed with a rare form of bone cancer.
40,000 evacuated in California chemical leak as officials warn tank may explode
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."
Live
Rubio says Iran imposing tolls on Strait of Hormuz "not acceptable"
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."
Cruz says Blanche faced "full-on revolt" over DOJ fund at meeting with GOP senators
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
Judge tosses federal charges against Kilmar Abrego Garcia
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
Trump administration to require most green card applicants to leave U.S. first
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 was coughing up blood a day before his death, 911 call reveals
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."
Pentagon releases more UFO files: "Speechless after these observations"
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.
U.S.
More U.S.
How some U.S. schools are teaching kindness classes
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!"
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Kyle Busch was coughing up blood a day before his death, 911 call reveals
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."
MoneyWatch
More MoneyWatch
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
House lawmakers launch insider trading probe into Kalshi and Polymarket
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh sworn in as new Fed chair, replacing Powell
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.
This factor may determine whether you get rich. You don't control it.
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.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Politics
More Politics
Cruz says Blanche faced "full-on revolt" over DOJ fund at meeting with GOP senators
The GOP senator said the meeting included "screaming," adding that "fiery does not begin to cut it."
U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Exclusive
CIA director brought paramilitary leader involved in Maduro capture to Cuba meeting
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.
Judge tosses federal charges against Kilmar Abrego Garcia
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
Trump administration to require most green card applicants to leave U.S. first
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.
HealthWatch
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Ebola "spreading rapidly" in the Congo with national risk "very high"
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."
New weight-loss drug Retatrutide in trials
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.
U.S. steps up Ebola prevention efforts
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.
U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Is "fibermaxxing" good for your health?
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
World
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U.S. prepares for new military strikes against Iran
At the same time, Tehran is reviewing the latest U.S. proposal for a possible agreement to end the nearly three-month war.
Fake political party led by an AI cockroach overruns Indian politics
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.
NATO allies welcome Trump's turnaround on Poland troop deployment
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.
Ebola "spreading rapidly" in the Congo with national risk "very high"
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."
2 climbers die on Everest as record-holder warns of overcrowding
At least five climbers have died during this Everest season. A U.S. and a Czech climber died on Mount Makalu earlier this month.
Entertainment
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Entertainment
The movies to tune in for this summer
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.
Rob Base, rapper on classic hip-hop track "It Takes Two," dies at 59
Rob Base, the MC whose lyrics lit up the dancefloor classic "It Takes Two" and got countless people moving worldwide, passed away Friday.
Weenie 500 winners relish first-place finish
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.
New movies to watch this summer
Major franchises are bringing new movies to a theater near you this summer. Fandango's Erik Davis joins with more.
Britney Spears argument, DUI arrest on video
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.
Technology
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CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
Ring founder on the Fire Watch feature
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.
How AI powered robots are helping small farms
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.
Stanford student on how AI impacted his class
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.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Science
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Science
What we know about new UFO file release
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.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
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.
Crime
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Crime
Lawyers shot outside North Carolina courthouse
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.
Ivey and Ellison on 6 years since Floyd murder
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.
Mosque attack was streamed online
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.
Britney Spears argument, DUI arrest on video
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.
Britney Spears argued with police during DUI arrest, footage shows
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.
Space
More Space
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
The weather heading into Memorial Day weekend
CBS News meteorologist Rob Marciano has the weather forecast as the U.S. heads into Memorial Day weekend.
The Memorial Day sales to look out for
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.
Is the DOJ independent of the president?
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.
The movies to tune in for this summer
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.
Some schools teach kindness classes
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.