Are Government Pensions Gambling With Your Retirement?
If you have a government pension that you think is safe, you might be surprised to learn how much risk is being taken with your money.
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If you have a government pension that you think is safe, you might be surprised to learn how much risk is being taken with your money.
Lost your job? You need to calculate your cash burn rate and figure out the number of months before you'll be out of cash. If you've got less than six months of cash on hand, then do some quick right-sizing of your expenses. Read on for a few ideas how.
The Callan Periodic Table of Investment Returns delivers a picture-perfect lesson on what it takes to be a successful investor.
Some uplifting food for thought for Baby Boomers: Your, um, maturing brain has important skills that Gen Y lacks. The challenge, of course, is to keep those well-honed synapses sharp. Pushing yourself out of your ideological (and skills) comfort zones is great for your neurons. And that can make all the difference in staying employable longer.
Here is a simple, effective formula that you can use to manage your resources for your retirement. The goal is to develop reliable sources of retirement income that cover your living expenses, no matter how long you live and no matter what happens in the economy.
The Obama Administration's Middle Class Task Force includes initiatives to help American's do a better job saving for retirement. There's plenty to applaud, but one major oversight, as well.
A young grad struggling to pay off student loans recently asked me about payment relief, repayment options, and a plan to start paying down these loans. Here's what she needs to know about deferment, forbearance, and a repayment plan that works.
The less money you owe, the more you can look forward to an easy retirement. That means you need to think about paying off your debts (including your mortgage) before you give up the rat race.
Financial planners advise owning a home and paying off the mortgage before retirement. But when Nick and Joann Radesca retired, they vowed to never own a home again.
A new industry-backed study says people are happy with their 401(k) accounts. But the average retirement account holds only enough money to provide retirees with $3,100 a year in income. That's not enough.
With Washington bogged down in debates about how best to protect consumers from the dangers of the financial markets, here's an idea: be your own financial regulator. You know enough to do this.
Banks are supposed to be making mortgage loans again, but from what I'm seeing, some are making unreasonable requests. Here's where to go for the best chance on getting your loan through the approvals process.
Starbucks customers in New York City have reduced the calorie-count of their food purchases by an average of 6 percent since the city started requiring restaurants to post calorie information next to its products. Customers with a history of ordering high-calorie food reduced their calorie count more than 20 percent. Now if only Mayor Bloomberg's calorie disclosure initiative could be applied to 401(k) fee disclosure, we would all be in better retirement shape.
Fortune Magazine consulted four great market seers to forecast the markets for the next 10 years. Here's why all such exercises are a waste of time.
From better retirement prospects to a more 21st Century approach to careers, Gen Y looks to be in a lot better shape than Boomers to make their way in the new world order.
Drone strikes hit gas vessels at an Egyptian port on the Mediterranean, as a poll shows little American support for the five-month war with Iran.
Republican Sen. John Cornyn has demanded formal modifications to an agreement the Justice Department made with President Trump to settle his lawsuit against the IRS.
Hours after Dr. Anthony Fauci invoked the Fifth Amendment in response to all questions during a Senate hearing, Republican Sen. Rand Paul of Kentucky told CBS News he believes Fauci could be prosecuted.
Russian attacks across Ukraine killed at least eight people and an apparent Russian missile crashed in Poland, officials said.
Dconomic activity weakened between April and June as energy costs surged, new government data shows.
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
Dr. Deborah Birx offered "The Takeout" her takeaways on what the contentious Senate hearing with former colleague Dr. Anthony Fauci says about the nation's ability to move on from COVID.
The DOJ is seeking to deport an Afghan woman who prosecutors allege is an "alien terrorist," in the first-ever test case before a secretive court that has never convened since it was created three decades ago.
Professional boxer Saúl "Canelo" Álvarez spoke to "CBS Mornings" co-host Nate Burleson about when he'll know to walk away from the sport.
Economic activity weakened between April and June as energy costs surged, new government data shows.
A hiker climbing Montana's highest peak slipped and impaled himself on his trekking pole as he fell, then hiked six miles off the mountain along with two friends to get help, he says.
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
The DOJ is seeking to deport an Afghan woman who prosecutors allege is an "alien terrorist," in the first-ever test case before a secretive court that has never convened since it was created three decades ago.
Economic activity weakened between April and June as energy costs surged, new government data shows.
OpenAI CEO Sam Altman and other AI leaders say they support pacing the rapid advancement of AI's capabilities.
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
The DOJ is seeking to deport an Afghan woman who prosecutors allege is an "alien terrorist," in the first-ever test case before a secretive court that has never convened since it was created three decades ago.
Republican Sen. John Cornyn has demanded formal modifications to an agreement the Justice Department made with President Trump to settle his lawsuit against the IRS.
The acting director of the U.S. Centers for Disease Control and Prevention on Wednesday accused Dr. Anthony Fauci of an abuse of power during the COVID-19 pandemic.
Dr. Deborah Birx offered "The Takeout" her takeaways on what the contentious Senate hearing with former colleague Dr. Anthony Fauci says about the nation's ability to move on from COVID.
Rob Gutman speaks with Jay Bhattacharya, director of the National Institutes of Health and acting director of the CDC, about Dr. Anthony Fauci's actions during the pandemic, the possible origins of COVID-19, vaccines and more.
Dr. Jay Bhattacharya, the director of the National Institutes of Health and the acting director of the Centers for Disease Control and Prevention spoke with Matt Gutman about Dr. Anthony Fauci's hearing on Wednesday and other health issues that affect many Americans.
Dr. Anthony Fauci faced an angry Senate hearing on Wednesday, with Republicans confronting him over diary entries and his handling of the government's response to the COVID-19 pandemic. Nikole Killion has more.
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
"Ask a Doctor" columnist Dr. Trisha Pasricha joined "Healthful" to discuss the brain-gut connection.
The Kumamoto prefectural government said at least 34 people were killed in the powerful earthquake that hit southwestern Japan earlier this week.
George and Amal Clooney are among thousands of residents in southwest France still displaced by a massive wildfire, but crews are gaining control.
Russian attacks across Ukraine killed at least eight people and an apparent Russian missile crashed in Poland, officials said.
The husband of a North Carolina woman who went missing last week while visiting the Caribbean island of Grenada said Wednesday he believes "there was no foul play" in her disappearance.
Fifteen elephants in southern Kenya are suspected to have been poisoned by cyanide-contaminated tomatoes, according to wildlife authorities.
Professional boxer Saúl "Canelo" Álvarez, who has over 60 wins, is reflecting on when he'll decide to retire. The 36-year-old told "CBS Mornings" there's "not much left" for him to do in boxing and he has "other things to accomplish" outside of the sport.
BTS said they will not submit their latest album for Grammy consideration, which came after the group's yearslong hiatus to fulfill their mandatory military duty. Emily Curl explains why the group's decision may be connected to the academy adding a new category.
Actor Jared Leto is facing allegations of criminal sexual conduct, which he has denied. In a new BBC documentary, four women accuse Leto of targeting them when they were underage. Lilia Luciano has the latest.
Zoe Saldaña tells "CBS Mornings" why this season of "Lioness" is demanding, how the series challenges the actors and what it's like working with Taylor Sheridan.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
OpenAI's president says it is working on wearable and hardware options for its AI chatbots like ChatGPT. CNET editor-at-large Scott Stein joins CBS News to discuss this and other technology headlines.
OpenAI CEO Sam Altman and other AI leaders say they support pacing the rapid advancement of AI's capabilities.
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.
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Prosecutors allege Lindsay Clancy made a "calculated decision" in killing her kids, while the defense says she was overmedicated and suffering from extreme postpartum psychosis.
On the second day of the triple murder trial of a Massachusetts mom who killed her three children, the judge heard new testimony and evidence. Prosecutors asked her ex-husband to describe the moment he returned home on Jan. 24, 2023. Shanelle Kaul reports on the details.
Wednesday marked the second day of the high-profile trial against Lindsay Clancy. She's charged with three counts of first-degree murder and facing life in prison for the killings of her three children in 2023. CBS News correspondent Shanelle Kaul reports.
A man has been convicted of federal terrorism charges in the 2022 stabbing that severely injured author Salman Rushdie.
A 19-year-old Norwegian hitman was found guilty of an assassination plot after sending selfies with weapons to his girlfriend and friends.
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
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The "looksmaxxing" social media trend is both ineffective and unhealthy for men, author and The Free Press columnist Arthur Brooks argues on CBS News Mornings.
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
Professional boxer Saúl "Canelo" Álvarez, who has over 60 wins, is reflecting on when he'll decide to retire. The 36-year-old told "CBS Mornings" there's "not much left" for him to do in boxing and he has "other things to accomplish" outside of the sport.
Firefighters are battling wildfire flames that have displaced thousands and destroyed communities across Europe. CBS News' Ramy Inocencio spoke with fire crews and locals in the Bordeaux region of France about their efforts to protect the area.