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While Congress is debating new rules for credit card companies,there is a harsh reality about credit cards that you can't escape. If you carry a balance, it's a high risk loan, so the terms will always be lousy no matter what Congress does.
Most people have no idea how much they may need to save for retirement. Understanding the retirement income distribution rule will give you a ballpark number for figuring out how much you need to save.
MoneyWatch's Eric Schurenberg debunks common myths about how to fatten up your retirement savings. And just how much money should you squirrel away? Here's a rule of thumb for calculating how big of a nest egg you'll need.
The collapse of General Motors and the other automakers offers some hard lessons on retirement security. While the promise of a lifetime pension and retiree medical care sound great, you may do better saving the money yourself.
Managing your financial life involves some basic math skills. Nothing terribly complicated, and it's stuff you probably learned by sixth grade. But according to an article I recently read in the Journal of Financial Planning, many people aren't very good at basic math (PDF link). That's a prob...
Despite the accepted norm that senior citizens may have a more difficult time finding employment, Mark Strassmann reports that there are still ways to find a job at an older age in this recession.
I went to the auto show here in Denver last week, and was surprised at how many cars cost more than $30,000 -- for instance, the Ford F-150, the Dodge Durango and the Volkswagen Passat. That's a lot of money to plunk down on a new ride. At that price, I can't help but think that car payments are...
Millions of baby boomers are starting to consider retirement, but it couldn't come at a worse time. As Ben Tracy reports, it's becoming more and more difficult for older Americans to find work.
Julie Chen spoke with CBSMoneyWatch.com's Jill Schlesinger about how to make sure your life insurance plan is secure.
Retirees with no debt have the flexibility to deal with bad markets. Get yourself on the path to a debt free retirement or run the risk of depleting your savings when the markets get ugly.
Few Americans do, says MoneyWatch.com's Jill Schlesinger. And here's what they should do about it.
Checked your 401(k) lately? The recent financial collapse has devastated this retirement resource. Older workers are hardest hit, as their financial futures may now be at risk. Steve Kroft reports.
If you are in your 40s or younger, you probably have time to rebuild your savings before retirement. If you are in your 50s or older, and you had a lot of your 401(k) money in the stock market, you likely face a far grimmer truth: you may not be able to retire as early or as comfortably as you had planned. It won't be fun. It involves making some serious late-stage changes to your plan, and committing to do more in the years you have remaining in your career: save more, work longer, and invest more carefully.
If the crash in the financial markets has you bummed out about your prospects for retirement, you're not alone. It's alright to feel bad, but then you have to do something about it.
Anyone who has spent any time following mutual funds knows that yesterday's winner may well be tomorrow's loser. If you jump on the performance bandwagon, you could end up learning an expensive lesson.
The U.S. carried out retaliatory strikes against Iran on 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.
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
The reading list will take effect starting in 2030.
The defense team for Tyler Robinson asked that the death penalty be taken off the table following public comments by prosecutors.
Utah is restricting fireworks as the largest wildfire in the nation grows, fueled by dry conditions and gusting winds.
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.
Utah is restricting fireworks as the largest wildfire in the nation grows, fueled by dry conditions and gusting winds.
Wynola Wayne received a special retirement send-off after 58 years as a nurse. One former patient, Marco Houpe, said, "If it wasn't for her then, I wouldn't be here today."
Data from FlightRadar24 showed the plane was no more than 25 feet above the ground during the low pass as it approached the Horseshoe Bay Resort Jet Center airport.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
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.
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.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
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.
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.
Steve Hartman goes "On the Road" with the story of a beloved nurse who got no ordinary retirement send-off after 58 years on the job.
After spending two weeks on the loose, a giraffe named Gracie was spotted Friday just miles from the Texas ranch she escaped in the Texas Hill Country. Mark Strassmann has more.
The U.S. Men's National Soccer Team suffered its first loss of the 2026 World Cup Thursday night, but will still advance to the knockout round to face Bosnia and Herzegovina on Wednesday. Nicole Valdes has more.
The U.S. struck back at Iran Friday after an Iranian drone attack on a cargo ship Thursday in the Strait of Hormuz. CENTCOM said U.S. aircraft hit Iran's missile and drone storage locations. Nikole Killion reports.
Red flag wildfire warnings were posted Friday in eight states from the Pacific Northwest to the Desert Southwest, with gusts of dry air creating blowtorch-like conditions. Carter Evans reports.