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In the first five minutes of Investing 101 you learn that past performance is no guarantee (or barometer) of future performance. Yet according to the latest PlanSponsor survey of 401(k) plans, your employer thinks past performance is more important in choosing target funds than how the funds allocate your money, or the fees that you are stuck paying.
The Obama Administration has set its sights on the fact that left on our own we are likely to screw up how we manage our retirement assets once we actually retire. The well-founded concern is that we will withdraw our money way too fast. The proposed solution is to add an annuity feature to 401(k) plans that would dole out our assets at a more sustainable pace. Basically, Washington now wants to make 401(k)s work a lot like the private pension plans it has ushered into near extinction.
Receiving a monthly check from the day you retire until the day you die sounds mighty appealing. But signing up for an immediate annuity also means locking up your money with an insurer for decades. How can you be certain the company will still be around? Here are seven of the highest-paying annuities from the safest insurers.
What's your most important retirement asset? Your 401(k)? Wrong: It's your earning power. Which means the decisions you make about career are the most decisive retirement moves you make.
For all the Congressional sturm und drang about what to do with the federal estate tax, the reality is that at a $3.5 million exclusion, less than one percent of Americans have anything to worry about. What gets less attention is that plenty of states charge a death tax that hits estates with $1 million or less, making them the worst place to die in terms of inheritance.
Time is running out for you or your parents to sign up for Medicare D and Medicare Advantage plans. By following these tips, you'll be able to find the best and most affordable coverage.
If you rush into a Roth IRA conversion, you may end up paying more taxes.
Notre Dame's Charie Weis and Florida State's Bobby Bowden lost their jobs this past week. Their ousters offer some valuable lessons for how to manage your career in today's tricky "what have you done for me lately" work world.
Everything points to further upside for gold, which should make long-term gold bull Jim Grant feel totally vindicated. Instead, it makes him nervous. Here's why.
Inheritance is a big part of our financial profile according to a new study. This isn't about whether there's an Inherited IRA in your future; but rather how your gene pool plays into your portfolio management. Yep, Mom and Dad have a big role in why we invest the way we do.
No argument here, the Neiman-Marcus Christmas Book (that's catalog to you and me) is fabulously fun eye candy. When you're done window shopping, and are looking for just the right gift that fits your budget, consider buying into these financial gifts that can have huge payoffs for many seasons to come.
Dubai's credit problems should cause you to double check your risk profile.
The possibility that the government-owned Dubai World might default on its debt shook the markets over the holiday. Should you it shake you? Not if you've been paying attention.
Don't let the Fed bully you into taking more risk than you should.
Leaving a company means you need to decide what to do with your 401(k) savings ? and the right answer is worth tens of thousands of dollars. These seven rules will help you minimize your taxes and maximize your nest egg.
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
The Islamic Revolutionary Guard Corps struck a cargo ship near Oman, further complicating the Iran-U.S. negotiations.
An investor who employed and was close to Jeffrey Epstein is scheduled to appear before members of Congress investigating the deceased sexual abuser.
The back-to-back earthquakes that hit Venezuela killed more than 230 people, and the toll is likely to keep rising as rescue and recovery operations ramp up.
National Park Service official Frank Lands also said at least 70 fence post tops were thrown in to the Reflecting Pool.
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
The king and Queen Camilla have decided instead to continue living at nearby Clarence House, a smaller, stately home.
What are the essential American songs? Ahead of the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
Los Angeles building inspectors have launched an investigation into alleged unpermitted construction at a warehouse that erupted in flames last week — its second fire in two years.
Mangione is facing both state and federal charges for UnitedHealthcare CEO Brian Thompson's murder in December 2024. He has pleaded not guilty in both cases.
A judge on Thursday ordered the Justice Department to either release unredacted versions of several files on the late sex offender Jeffrey Epstein or explain why it can't do so.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
The Supreme Court ruled that Monsanto cannot be held liable under state laws for failing to warn consumers about the alleged cancer risks of its weedkiller Roundup on its label.
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
IBM has raised the curtain on semiconductor technology it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption.
An investor who employed and was close to Jeffrey Epstein is scheduled to appear before members of Congress investigating the deceased sexual abuser.
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
A judge on Thursday ordered the Justice Department to either release unredacted versions of several files on the late sex offender Jeffrey Epstein or explain why it can't do so.
A program for veterans, current military and first responders secured almost 5,000 free tickets for World Cup matches.
Christine Erickson is two votes ahead of Jamie Smith, the Minnehaha County Auditors and Elections Office said.
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
The back-to-back earthquakes that hit Venezuela killed more than 230 people, and the toll is likely to keep rising as rescue and recovery operations ramp up.
The king and Queen Camilla have decided instead to continue living at nearby Clarence House, a smaller, stately home.
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
Iran attacked a commercial vessel in the Strait of Hormuz on Thursday, a U.S. official confirmed, leading a United Nations agency to pause an evacuation effort.
U.K. influencer Brooke George says a man she met online repeatedly assaulted her in the UAE, according to an advocacy group. Now she's facing possible execution for allegedly stabbing him to death.
In the lead-up to America's bicentennial in 1976, CBS aired brief segments featuring well-known figures of the time describing moments from early U.S. history. CBS News chief Washington correspondent Major Garrett introduces clips featuring legendary actors William Holden and Joseph Cotten.
The New York Times is reporting that Taylor Swift and Travis Kelce might tie the knot at Madison Square Garden. She has reportedly booked out the arena for the Fourth of July weekend, the rumored wedding date.
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
For the United States' 250th birthday, Sunday Morning asked dozens of notable Americans, from Jason Alexander and Ken Burns to Misty Copeland, what they considered to be our country's essential songs. This is the Essential American Songbook: 90 contributors and 250 songs. Here's a sample.
What are the essential American songs? Ahead of the nation's 250th birthday, we asked that question to Sunday Morning's familiar faces, from performers to artists and writers to community leaders.
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
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.
IBM has raised the curtain on semiconductor technology it says could deliver computer chips with 50 percent better performance while dramatically lowering power consumption.
The U.S. is trying to break the West's reliance on Chinese artificial intelligence supply chains with an international accord called Pax Silica. Its goal is to shore up supplies of essential components used in high-end computer chips, which power advanced AI models. CBS News coordinating producer Richard Escobedo has more.
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Terrion Arnold, a 23-year-old defensive player for the Detroit Lions and a former first-round pick and all-American at the University of Alabama, has been arrested on charges of armed robbery and kidnapping. He is denying it all. Tom Hanson reports.
Attorneys for Luigi Mangione are accusing prosecutors of trying to manipulate public opinion against him, and calling a report of a possible plea deal "troubling." CBS News' Anna Schecter has the latest.
Mangione is facing both state and federal charges for UnitedHealthcare CEO Brian Thompson's murder in December 2024. He has pleaded not guilty in both cases.
U.K. influencer Brooke George says a man she met online repeatedly assaulted her in the UAE, according to an advocacy group. Now she's facing possible execution for allegedly stabbing him to death.
New York prosecutors said they are dropping a rape charge against Harvey Weinstein instead of trying him for a fourth time.
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
Polish Deputy Prime Minister Radek Sikorski speaks with CBS News' Aidan Stretch about the Russia's war in Ukraine, state of NATO, Ukraine-Poland relations and more.
Geoscientists and other scientific and humanitarian experts spoke with CBS News about the deadly earthquakes that hit Venezuela on Wednesday.
The Supreme Court issued two major immigration decisions Thursday, including one that lifts deportation restrictions for thousands of Haitian and Syrian immigrants. CBS News legal contributor Jessica Levinson breaks them down.
Emergency crews are searching for survivors amongst the rubble after deadly back-to-back earthquakes in Venezuela. Martin Hudson, a geo-technical engineering expert, joins CBS News to discuss the rarity of the event.
People in northern Venezuela are racing against time to pull survivors from the rubble of collapsed buildings after a pair of powerful earthquakes hit the country on Wednesday. CBS News correspondent Cristian Benavides has the latest from Bogotá, Colombia. Then, CBS News meteorologist Darren Peck joins to examine the risk of aftershocks.