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If four grown men drinking beer on the White House lawn is a teachable moment for America, what do you make of a 48% rally in the stock market since March 9? It's "teachable," all right, but it's more than a moment--more like an entire remedial course in the unpredictability of stocks and the perver...
With the decline in the stock market, there's lots of talk these days about how to create retirement income. While there are a number of different strategies, I prefer to use a simple method of creating cash flow to fund distributions. It doesn't require you to time the stock or bond markets, and gives you staying power through difficult economic cycles.
A couple weeks ago, I blogged that the 401(k) had failed. My point was that we had taken a perfectly decent supplementary savings plan and, without any real discussion, allowed it to become the sole source of most workers' non-Social Security retirement income. The 401(k) was not designed for that r...
For years you've been told that you could withdraw 4 percent of your retirement savings every year and you'd never run out of money. Turns out, it's not that simple.
Will I ever be able to retire? If you're wondering whether you'll ever be able to hang up your spurs, you're not alone. The financial markets' recent dismal performance has left most people's retirement accounts a shadow of their former selves. But there are ways to get back on track. T...
Variable annuities are tax-deferred retirement savings products offered by insurance companies -- but they often come with high fees. MoneyWatch's Jill Schlesinger helps you assess your options.
We're in the midst of earnings season on Wall Street, and the numbers are coming in a little better than expected. Why? Because companies have slashed their expenses to become lean and mean. You should be doing the same in your own household.
Some are saying the recession is over and the worst is behind us. But with the financial markets, the worst is never behind you. Forgetting about risk is the biggest threat to your retirement security. And you're most likely to forget about it during the good times.
If you have to have a Great Recession, you want to have one like China is having. A laggard on the way into the downturn, the Middle Kingdom has become a leader on the way out. Its economy vaulted 7.9% in the second quarter, a turnabout that on Sunday The New York Times, quoting Andy Rothman, a Sh...
The Wall Street Journal ran a great article yesterday on what I would consider a major problem for public pensions, and it's called spiking. Spiking occurs when a public employee substantially increases his or her pay in the year or two prior to retirement for the purpose of locking in a higher pension payment. If you're a public employee, particularly a younger employee, this practice may jeopardize the security of your pension.
How much income will I need in retirement? During an average retirement you'll need 70-80 percent of your pre-retirement income to maintain the standard of living you enjoy while working, according to most estimates. You don't need to reproduce your full paycheck, according to this thinking, beca...
As you stare at the smoking ruin of your 401(k), the collapsed value of your home and the massive deficits facing Social Security, it's pretty clear what you have to do to have any hope of retiring with dignity. Work a few more years. Call it quits at 66, say, instead of 62. The math is surprisingly...
Tucked into the Obama financial reform package is a proposal to automatically enroll employees in IRAs if their employer doesn't have a retirement plan. It's a good initial idea, but it can be improved by equalizing the IRA and 401(k) contribution limits and removing the employer mandate from the plan.
Lately, I've gotten a number of questions from people who are frustrated by the low returns on their cash holdings. Getting 0.30% in a money market fund or in a short term CD isn't that exciting. So there's a temptation to seek higher returns on cash, but that could open you up to some surprising outcomes.
Maybe you didn't have a very good 2008. I sure didn't, and neither did a lot of people, including auto workers, journalists, realtors, bankers, manufacturers and importers and exporters. But financial advisers did just great. In a survey, they reported their income went up to up to $215,345, on a...
The U.S. struck Iranian missile and drone storage locations and coastal radar sites Friday after Iranian forces hit a cargo vessel in the Strait of Hormuz a day earlier.
The twin earthquakes that hit Venezuela killed more than 900 people, and that toll is likely to keep rising as frantic rescue and recovery operations ramp up.
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
In "Regime Change, Inside the Imperial Presidency of Donald Trump," Maggie Haberman and Jonathan Swan describe his fundamentally different approach to running the country.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
The reading list will take effect starting in 2030.
Authorities are attempting to reduce the pressure on hospitals as the city swelters under extreme heat.
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.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
The Modigliani painting "Nu assis au collier" (Seated Nude Wearing a Necklace) sold for $63.9 million, the highest price achieved for a work by the artist sold at auction in Europe, Sotheby's said.
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?
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
U.S. lawmakers recently grilled Jeffrey Epstein's longtime assistant Lesley Groff about Epstein's use of American Express to book travel for multiple women or girls.
In "Regime Change, Inside the Imperial Presidency of Donald Trump," Maggie Haberman and Jonathan Swan describe his fundamentally different approach to running the country.
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 U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
Investigators initially suspected food poisoning, but that was quickly dismissed after Turkish media reported that their hotel was dealing with a bedbug infestation.
President Volodymyr Zelenskyy says Ukraine will ramp up attacks on Russia in an operation "aimed at compelling it to end the war."
An 18th-century archaeological dig uncovered a library of intact but charred scrolls. Their contents have been unreadable until recently.
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.
Comedian and entertainer Druski will host the BET Awards on Sunday. At 31, he's the youngest host in the show's history. He gave "CBS Mornings" co-host Nate Burleson a preview of what to expect.
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.
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
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.
Apple and Microsoft announced they're hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in.
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 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.
Billionaire Leon Black testified before the House Oversight Committee on Friday. After Black ended the interview, the committee issued two subpoenas. Democratic Rep. Suhas Subramanyam of Virginia, a member of the House Oversight Committee, joins "The Takeout" to discuss this and the U.S. strike on Iran.
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
A judge declared a mistrial in the case against a man accused of starting a fire that grew into the deadly 2025 Palisades Fire. The jury was deadlocked during deliberations. CBS News Los Angeles has more.
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
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.
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Billionaire Leon Black testified before the House Oversight Committee on Friday. After Black ended the interview, the committee issued two subpoenas. Democratic Rep. Suhas Subramanyam of Virginia, a member of the House Oversight Committee, joins "The Takeout" to discuss this and the U.S. strike on Iran.
U.S. forces conducted retaliatory strikes against Iran in the Strait of Hormuz region in response to Iran's attack on a cargo ship. CBS News' Nikole Killion reports and Aaron MacLean has more.
Officials say more than 900 people are dead and more than 3,300 are hurt after two powerful earthquakes hit near Venezuela's capital on Wednesday. The race is on to find the estimated thousands of people who are missing. CBS News' Camilo Montoya-Galvez and Cristian Benavides report.
President Trump on Friday accused Iran of violating the ceasefire with the U.S. after Iranian drones attacked commercial ships in the Strait of Hormuz. CBS News' Nikole Killion has more.