If Recession Hits: How To Be Prepared
I think things will improve. But that doesn't mean folks shouldn't plan for the worst. With this in mind, folks need to buckle up and check the strength of their financial safety nets.
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I think things will improve. But that doesn't mean folks shouldn't plan for the worst. With this in mind, folks need to buckle up and check the strength of their financial safety nets.
Before you dump your stocks, keep this in mind: it's easy to be hysterical, but better to be historical. Let history be a guide to defining probability and how to invest, not the hysteria in the media.
With all the attention given to the debt downgrade and a possible new recession, it's a good time to review my mother's story to see what we can learn. She just turned 90, has been retired for over 30 years, and during this time, has survived four major meltdowns - and counting. Her story inspired my 10-step plan to recession-proof your retirement years.
Excessive debt is the fastest way to lose control of your personal finances, so don't exceed your personal debt ratio.
The recent debt compromise calls for a bi-partisan committee to make recommendations to Congress by Thanksgiving for reducing entitlements, including Social Security and Medicare. Let's look at recent proposals to change Medicare, to see what this bi-partisan committee might recommend, and what you should do about potential changes.
Will Social Security be there when you retire? I get this question every time I talk with anybody about retirement planning. My answer: Yes! Read here to learn my reasons.
This self-employed mom would like to be putting aside money for retirement, but just can't find any extra cash in her budget. Jill Schlesinger has a simple trick that makes saving easier.
The recent debt compromise calls for a bi-partisan committee to make recommendations to Congress by Thanksgiving for reducing entitlements, including Social Security and Medicare. Let's look at recent proposals to change Social Security, to see what this bi-partisan committee might recommend, and how this might affect your retirement planning.
What does the debt deal mean for your retirement plans.
Generating a lifetime retirement income takes careful planning. Beware of receiving "free" advice from salespeople who may not have your best interests at heart. Read here for an insightful case study.
I've previously written about the potential threat of ruinous long-term care expenses, and my posts are full of strategies -- supported by facts and figures -- that can help you be prepared. But people often need personal stories to really "get it." Read here for some motivation to be prepared.
One of the biggest weaknesses of 401(k) plans is that they allow workers to cash out when they leave their employer or change jobs.
Are we hard-wired to make poor retirement choices? The famous Marshmallow Experiment that measured children's ability to delay gratification gives us fascinating insights into this question, and provides ideas to improve our retirement decision-making. Read here for details.
You can't always trust the answers you get on the phone from Social Security, but there's nothing terribly wrong with that. Read here to learn how to get the right answers.
Many retirement calculators do an adequate job of helping you decide how much to save when retirement is far in your future, say, when you're in your 20s, 30s, and 40s. When you get to your late 50s or early 60s, however, and you're trying to figure out exactly how and when you'll retire, you'll need more precision. And that's when many retirement calculators come up short. Read here to learn how to overcome five common flaws.
Meanwhile, a search-and-rescue mission for a downed fighter jet crew member is ongoing as the war in the Middle East rages on.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
The government's legal bid to continue East Wing construction has the hallmarks of President Trump's social media posts.
A possibly frozen vent line forced the Artemis II astronauts to avoid using their space toilet while engineers worked to resolve the problem.
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
Janice Randle was found dead in her bed in 1992, but police couldn't make an arrest in the case until new information emerged.
Washington, D.C., first responders said the building's structural integrity will be assessed once the bus is removed.
All men were charged Friday with arson and being reckless as to whether life would be endangered.
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
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.
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
Washington, D.C., first responders said the building's structural integrity will be assessed once the bus is removed.
Frontenac, Kansas had everything it needed – except a public library. A mysterious donation changed that
The government's legal bid to continue East Wing construction has the hallmarks of President Trump's social media posts.
One consumer reported sustaining bruising and burn injuries.
Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.
U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.
The eye drops — sold under multiple brands — have been recalled over concerns about sterility, according to the FDA.
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
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.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
All men were charged Friday with arson and being reckless as to whether life would be endangered.
The attacks came as Ukrainian President Volodymyr Zelenskyy traveled to Istanbul for talks with Turkish President Recep Tayyip Erdogan.
The incident comes after a string of similar nighttime attacks across Europe that have heightened concerns over antisemitism.
Videos broadcast by local television stations showed a large crowd of fans in the south stands amidst an explosion of fireworks.
The search continues for a missing American service member after Iran shot down an F-15E fighter jet on Friday. Meanwhile, the Artemis II passed its halfway point to the moon.
Kenan Thompson sits down with Kelly O'Grady to reflect on his career and parenthood while discussing his new children's book "Unfunny Bunny."
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "It's Called Doubt."
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "The Luckier Ones."
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "I Need Your Love."
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
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.
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Janice Randle was found dead in her bed in 1992, but police couldn't make an arrest in the case until new information emerged.
On April 3, 1996, the FBI arrested Theodore Kaczynski in the Unabomber case, ending one of the longest and most intense manhunts in U.S. history. Watch CBS News' coverage from that day.
President Trump's firing of Attorney General Pam Bondi is raising questions about their dynamic in the months prior. CBS News' Weijia Jiang reports.
A mother and daughter are accused of killing a man by poisoning his root beer float. CBS News' Peter Van Sant reports.
Golf icon Tiger Woods told officers at the scene of a Florida car crash where he was arrested for DUI that he was "just talking to the president." It's unclear if Woods was referring to President Trump. CBS News' Nicole Valdes reports.
A possibly frozen vent line forced the Artemis II astronauts to avoid using their space toilet while engineers worked to resolve the problem.
The Artemis II astronauts continued their long coast to the moon, capturing stunning photos along the way.
The photo shows the entire planet, as well as the Northern and Southern lights.
The engine firing provided a slingshot-like boost to the Orion capsule, speeding it to 24,500 mph, the velocity needed to break free of Earth's gravitational clasp for a trek to the moon.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
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.
Meet the woman who rescued a piece of the Oscars in a dumpster. Plus, we take a trip to Hollwyood to learn about the history of America's iconic film industry.
The search continues for a missing American service member after Iran shot down an F-15E fighter jet on Friday. Meanwhile, the Artemis II passed its halfway point to the moon.
"CBS Saturday Morning" visits Jollof Bowl, which is bringing West African flavors to Baltimore.
Kenan Thompson sits down with Kelly O'Grady to reflect on his career and parenthood while discussing his new children's book "Unfunny Bunny."
Frontenac, Kansas, is a community of 3,000 residents. When its city administrator received a mysterious $4.6 million dolllar donation from a couple whose dying wish was for a library to be built, the town sprung into action to solidify its legacy.