Retirement
Estate Tax Worries: Unexpected Problems
The elimination of the estate tax this year may sound like a good thing, but Eric Schurenberg points out some awkward side effects.
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The elimination of the estate tax this year may sound like a good thing, but Eric Schurenberg points out some awkward side effects.
To retire comfortably, you ultimately want to accumulate 12 times your pay in retirement assets. But don't panic: To make your money do most of the work, you just have to get to an amount that's double your pay.
MoneyWatch blogger Charlie Farrell's new book outlines exactly how much money you need for retirement - and offers a plan on how to get there. He explains the basics to Eric Schurenberg.
With a little effort, you can probably earn $500 an hour with some smart tax moves.
Forty percent of parents report they have bailed an adult kid out of debt. Often spending money that puts their own financial security at risk. That's a solid wake-up call for parents of younger children: make sure your kids leave home with a solid grounding in basic personal finance and you'll both be a lot better off down the line.
You may now be able to swap your tax-deferred IRA for a tax-free IRA. But before committing to a conversion, be sure you can afford the taxes that come with it.
By letting the estate tax lapse this year, Congress has created a bunch of unintended consequences and exposed more people to taxes rather than fewer. What's more, since many wills and trusts are written on the assumption that the estate tax exists, they now may result in a surviving spouse getting inadvertently shut of a partner's will.
The predictions are in for 2010 and while there's a lot to debate, some trends seem so obvious you'd be nuts not to invest in them. Among the ones that everyone can see, for example, is that emerging markets, particularly China, have the momentum going into this year. Maybe you missed the truly ...
The estate tax mess Congress has created for 2010 could end up costing moderately well-off families a ton. A less-publicized quirk in the 2010 rules eliminates the "step up" cost basis on inherited property valued above $1.3 million.
You can convert your IRA to a Roth this year, and the decision may seem like a no-brainer. But don't be too hasty, says MoneyWatch's Eric Schurenberg.
Employers face a labor shortage in the coming decades as many boomers retire and younger generations lack the sheer numbers needed to fill the job openings. That could lead more employers to offer older workers flexible work schedules to keep them on the job longer. But to land a phased-retirement deal requires plenty of planning years ahead of when you'd like to ease up a bit.
Retirement Planning in three easy numbers: Master the 30-10-4 formula and you are well on your way to retirement success.
Asked if they would be willing to spend less in retirement, Americans responded with a resounding "hell no." In a recent Schwab survey, 95 percent of respondents said they are unwilling to scale back their spending in retirement. If that's what you're thinking, now is the time to make sure you take the steps so you can in fact afford to keep up your spending when retirement arrives.
Should you be in stocks or bonds in 2010? That may not be the right question.
Republicans have claimed that the Democrat's health care reform bills are a bad deal for retirees. But that doesn't seem to be true, unless you're in a truly top tier corporate plan.
Two U.S. Navy destroyers crossed the Strait of Hormuz as U.S. and Iranian negotiators meet for face-to-face negotiations amid a fragile truce.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
A horde of 2028 Democratic presidential hopefuls attended Al Sharpton's National Action Network conference, nearly two years before the first primary votes will be cast.
The latest polls indicate that Viktor Orbán, an international ally of President Trump, and his Fidedz party are trailing the rival Tisza party.
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
A man with a machete slashed and injured three people at Grand Central Station on Saturday before he was fatally shot by police, officials said.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
George Strausman of Great Neck, New York, is 102 years old and still works four days a week in his family's construction business. But it's what he does on his day off that is even more remarkable.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
The Netherlands' decision now goes to the European Commission for full authorization.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
Kristalina Georgieva, the head of the International Monetary Fund, called on key institutions to work together to manage cybersecurity risks.
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
The U.S. Court of Appeals for the District of Columbia Circuit said it did not have enough information to decide how much of the project can be suspended without jeopardizing the safety of the president.
A horde of 2028 Democratic presidential hopefuls attended Al Sharpton's National Action Network conference, nearly two years before the first primary votes will be cast.
The latest polls indicate that Viktor Orbán, an international ally of President Trump, and his Fidedz party are trailing the rival Tisza party.
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
Kristalina Georgieva, the head of the International Monetary Fund, called on key institutions to work together to manage cybersecurity risks.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
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.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
The Netherlands' decision now goes to the European Commission for full authorization.
The Artemis II crew is back on Earth after a successful splashdown. Meanwhile, the world awaits results of U.S. and Iranian talks in Pakistan.
Journalist Roger Sharpe is known as the "The Man Who Saved Pinball," after he helped overturn New York City's 35-year ban on the game. "CBS Saturday Morning" sits down with Sharpe to discuss the 50th anniversary of a key moment in pinball history.
Chess master Levy Rozman join "CBS Saturday Morning" to discuss his newest book, "Chess for Babies," and how his online presence is changing the way people learn to play the game.
Theo Lawrence grew up outside of Paris, but developed his love for American country music by checking out records at his local library. He moved to Texas in 2023 and released his debut album, "Cherie." His next adventure is a coast-to-coast tour, including a stop at Nashville's Ryman Auditorium with Alison Krauss & Union Station. Here's Theo Lawrence performing "Dear Pillow."
Theo Lawrence grew up outside of Paris, but developed his love for American country music by checking out records at his local library. He moved to Texas in 2023 and released his debut album, "Cherie." His next adventure is a coast-to-coast tour, including a stop at Nashville's Ryman Auditorium with Alison Krauss & Union Station. Here's Theo Lawrence performing "California Poppy."
Anthropic has announced that it is teaming up with industry competitors to "secure the world's most critical software" from its own AI model, Mythos. New York Times reporter Mike Isaac joins "The Takeout" with more.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
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 study by Gallup and the Walton Family Foundation looked into how Generation Z feels about using AI. Callie Holtermann, a reporter for The New York Times, joins CBS News with more.
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
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.
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
Lynette Hooker was reported missing in the Bahamas one week ago by her husband, Brian, who said she fell off their boat. Hooker was arrested on Thursday in connection to his wife's disappearance. "CBS Saturday Morning" speaks with people who knew the couple to learn more.
A 9-year-old boy was rescued this week after living locked in his father's utility van in eastern France since 2024, according to the local prosecutor.
The U.S. Department of Homeland Security has been drawn into the case of a woman who was killed in a hammer attack last week at a gas station in Fort Myers, Florida, after a Haitian immigrant was taken into custody on homicide charges in connection with the attack. Nicole Valdes has the latest.
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
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.
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.
The Artemis II astronauts spoke following the successful completion of their mission. They splashed down on Friday night off the coast of San Diego. Retired Lieutenant Colonel David Mahan joins CBS News to discuss.
The Artemis II crew spoke publicly for the first time after their successful mission at the Ellington Field Joint Reserve Base in Houston, Texas.
Iran is reportedly planning to charge ships crossing the Strait of Hormuz a toll. CBS News contributor Joe Zacks has more.
U.S. officials are meeting Iranian and Pakistani officials in Islamabad on Saturday in direct talks, the White House says. CBS News' Haley Ott has more on the global reaction to the two-week ceasefire.
President Trump said the U.S. is "clearing out" the Strait of Hormuz on social media Saturday. Meanwhile, U.S. officials are meeting face-to-face with Iranian and Pakistani officials in Islamabad. CBS News' Taurean Small has the latest.