For those in their 40s, planning for retirement should include saving for the unexpected
If you're in your 40s, paying for a child's college should take a back seat to protecting your own savings, financial experts say.
401k
Planning to retire at 65? Most Americans have to stop working earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
Saving for retirement a challenge for the "sandwich generation"
Many people in their 50s are part of the so-called "sandwich generation" of workers who support both young relatives and aging parents.
The "sandwich generation" and retirement
Many people in their 50s are part of the so-called "sandwich generation" of workers who support both young relatives and aging parents. Roughly 5 million U.S. households fall into this category, and as a result, the sandwich generation faces challenges saving for retirement. Jill Schlesinger explains.
IRS ruling on 401(k) company match
A new Internal Revenue Service ruling on 401(k) company matches could change the way employees apply the contributions made by their employers. CBS News senior business and technology correspondent Jo Ling Kent has more.
Changing jobs? Some 401(k) tips
When changing jobs, there are a couple of choices you can make with your 401(k) plan. CBS News business analyst Jill Schlesinger breaks down the options to consider.
Gen Xers are nearing retirement. About half say they need a miracle.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
Some 401(k) plans may cut you a monthly check
Some companies are offering fixed monthly checks from a portion of workers' 401(k) retirement plans, according to a new report by the Wall Street Journal. CBS News contributor Javier E. David breaks down the process gaining momentum.
Where $1M in retirement savings will last the longest around the U.S.
How far retirees are able to stretch their savings depends largely on where they choose to settle down, one analysis shows.
Early 401(k) withdrawals hit record high
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
What to know about taking out a 401(k) loan
The Vanguard Group said new data showed around 13% of its customers took out a loan on their 401(k) retirement funds in 2023. Elizabeth O'Brien, senior personal finance reporter at Barrons, joins CBS News to discuss the pros and cons of tapping into your 401(k).
U.S. approaches "Peak 65"
Many Americans are approaching retirement age in 2024, with more than 11,000 turning 65 years old every day. Elizabeth O'Brien, a personal finance senior reporter with Barron's, joins CBS News with advice for those considering retirement.
401(k) opportunities from market volatility
If you're looking to grow your 401(k) you may need to keep an eye on it more than usual this year as an unsettled market presents opportunities. Bourree Lam, an author of The Wall Street Journal book "The New Rules of Money," joined CBS News to talk about ways to increase your retirement fund.
U.S. gets a C+ in retirement, on par with Kazakhstan and Colombia
The nation's system of Social Security and private savings leaves Americans less secure in retirement than residents of many other nations, a new study finds.
IRS catch-up contribution mandate delayed
Last week, the IRS announced it is delaying until 2026 a mandate that says people 50 and older with high incomes are required to put "catch-up contributions" into Roth-style retirement accounts using post-tax dollars. Richard Rubin, a U.S. tax policy reporter for the Wall Street Journal, joined CBS News to discuss the delay in enforcement of the law, originally set to take effect next year.
Disparity in access to retirement plans
A new study by the Economic Innovation Group has found more than a quarter of Americans 59 and older don't have any retirement savings, and more than half of U.S. workers don't have access to employer-sponsored retirement funds. Benjamin Glasner, associate economist with the Economic Innovation Group, joined CBS News to discuss the study's conclusions.
Half of Americans lack a retirement plan. Here are the worst states.
States with many workers without retirement savings are likely to face a spike in senior poverty, researchers say.
Millions of older workers are nearing retirement with nothing saved
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
How much money do you need to retire? Americans have a magic number.
People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
Millions to lose popular 401(k) tax break
The loss of a popular tax deduction next year could reshape how millions of Americans save for retirement. Currently, people ages 50 and older are allowed to place "catch-up contributions" totaling up to $30,000 in their 401(k) accounts. But beginning in 2024, these funds will be funneled only into "after-tax" Roth accounts for people who made more than $145,000 the previous year. For more on this, CBS News was joined by Pratik Patel, head of family wealth strategies for integrated wealth management provider BMO Family Office.
Millions of Gen-Xers have almost nothing saved for retirement
"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
Half of U.S. moms have no retirement savings
A recent analysis showed that half of U.S. mothers have no retirement savings compared to 30% of fathers. Elaine Quijano and Meg Oliver are joined by CBS News MoneyWatch associate managing editor Aimee Picchi to break down the data.
Expert tips on preparing for next tax season
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
Risks of early 401(k) withdrawals
Both 401(k) withdrawals and loans can have big impacts on retirement savings. Stefanie O’Connell Rodriguez, host of Real Simple’s "Money Confidential" podcast, explains the risk and differences.
Setting money aside for emergencies
CBS News' Errol Barnett and Elaine Quijano are joined by behavioral economist and founder of Pension Plus, Shlomo Bernartzi, to discuss strategies for putting money away for the future.
Live
U.S. to unveil "economic D-Day" sanctions on Iran
Treasury Secretary Scott Bessent says the new measures will be the "greatest financial offensive" ever.
Navy sailor on USS Lincoln says dad was arrested by immigration officials
Historically rare, immigration arrests of military spouses and parents have become more common under the second Trump administration.
Jared Kushner and Hakeem Jeffries met as midterm elections loom
The meeting came with Democrats expected to take control of the House in the November elections, which would put Jeffries in line to become the next House speaker.
Fast-growing Hawk Fire near Reno, Nevada forces thousands to evacuate
The fire apparently began Saturday and grew significantly throughout the day, fueled by strong, gusty winds, low humidity and dry vegetation.
Sean Grayson, convicted in killing of Sonya Massey, dies in prison, attorney says
Grayson, 32, was found guilty last October of second-degree murder for the shooting of Sonya Massey and was serving a 20-year sentence.
Fed governor: Inflation could be extended as Canada fight goes on
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied countries continue.
Dr. Oz says MMR "not a lethal vaccine" despite Trump's comments
Dr. Mehmet Oz, the administrator of the Centers for Medicare and Medicaid Services, said the MMR vaccine is "not a lethal vaccine," despite President Trump's claims in recent days.
Kyle Kirkwood wins Freedom 250 Grand Prix IndyCar race in Washington, D.C.
President Trump and first lady Melania Trump began the Freedom 250 Grand Prix IndyCar race through the streets of Washington, D.C, with a slow lap around the course.
Bunny Levine, "Gilmore Girls" and "La La Land" actress, dies at 97
Bunny Levine worked as a school librarian for 25 years before pursuing her passion for acting and performing.
U.S.
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Navy sailor on USS Lincoln says dad was arrested by immigration officials
Historically rare, immigration arrests of military spouses and parents have become more common under the second Trump administration.
Bunny Levine, "Gilmore Girls" and "La La Land" actress, dies at 97
Bunny Levine worked as a school librarian for 25 years before pursuing her passion for acting and performing.
Dr. Oz says MMR is "not a lethal vaccine" despite Trump's comments
Dr. Mehmet Oz, the administrator of the Centers for Medicare and Medicaid Services, said the MMR vaccine is "not a lethal vaccine," despite President Trump's claims in recent days.
Full transcript of "Face the Nation with Margaret Brennan," Aug. 23, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Byron Donalds and Seth Moulton join Margaret Brennan.
Kashkari: Inflation could be extended as Canada fight goes on
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied countries continue.
MoneyWatch
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Canada says it will begin retaliatory tariffs on U.S. goods after Labor Day
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Politics
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Jared Kushner and Hakeem Jeffries met as midterm elections loom
The meeting came with Democrats expected to take control of the House in the November elections, which would put Jeffries in line to become the next House speaker.
Navy sailor on USS Lincoln says dad was arrested by immigration officials
Historically rare, immigration arrests of military spouses and parents have become more common under the second Trump administration.
Dr. Oz says MMR is "not a lethal vaccine" despite Trump's comments
Dr. Mehmet Oz, the administrator of the Centers for Medicare and Medicaid Services, said the MMR vaccine is "not a lethal vaccine," despite President Trump's claims in recent days.
Full transcript of "Face the Nation with Margaret Brennan," Aug. 23, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Byron Donalds and Seth Moulton join Margaret Brennan.
Kashkari: Inflation could be extended as Canada fight goes on
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied countries continue.
HealthWatch
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The explosion of ticks and Alpha-gal syndrome
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
The explosion of ticks and Alpha-gal syndrome
This year, emergency room visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. Correspondent David Pogue looks at how residents of Martha Vineyard are addressing an epidemic of Alpha-gal, and talks with experts about how best to avoid tick bites.
8/23: Sunday Morning
Hosted by Steve Hartman. Featured: The explosion of tick bites and Alpha-gal syndrome; singer Kenny Chesney; botanist and bestselling author Robin Wall Kimmerer; origami artist Robert Lang; one artist's very quirky home; an iconic photo of Harlem jazz legends; and a retirement home for musicians in Milan.
Olympian Jenny Simpson shares rare diagnosis
Retired Olympic runner Jenny Simpson earned a slew of accolades for her performances in three Olympic Games — but two months ago, she nearly died after suffering a cardiac event. Simpson spoke with Errol Barnett about her diagnosis of arrhythmogenic right ventricular cardiomyopathy, the rare ailment she'd unknowingly carried for four decades.
How a teen found "a sense of control" as she fought cancer
Alayna Riozzi-Bodine was diagnosed with Hodgkin's lymphoma the summer before her senior year of high school.
World
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Live
U.S. to unveil "economic D-Day" sanctions on Iran
Treasury Secretary Scott Bessent said the new measures will be the "greatest financial offensive" ever.
Transcript: Dr. Scott Gottlieb on "Face the Nation with Margaret Brennan," Aug. 23, 2026
The following is the transcript of the interview with former FDA Commissioner Scott Gottlieb, who is on the boards of Pfizer and UnitedHealthCare, that aired on "Face the Nation with Margaret Brennan" on Aug. 23, 2026.
Transcript: Neel Kashkari, Minneapolis Fed president and CEO, on "Face the Nation with Margaret Brennan," Aug. 23, 2026
The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on "Face the Nation with Margaret Brennan" on Aug. 23, 2026.
Transcript: Rep. Byron Donalds on "Face the Nation with Margaret Brennan," Aug. 23, 2026
The following is the transcript of the interview with Rep. Byron Donalds, Republican of Florida and candidate for Florida governor, that aired on "Face the Nation with Margaret Brennan" on Aug. 23, 2026.
Transcript: Dr. Mehmet Oz on "Face the Nation with Margaret Brennan," Aug. 23, 2026
The following is the transcript of an interview with Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator, that aired on "Face the Nation with Margaret Brennan" on Aug. 23, 2026.
Entertainment
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Bunny Levine, "Gilmore Girls" and "La La Land" actress, dies at 97
Bunny Levine worked as a school librarian for 25 years before pursuing her passion for acting and performing.
Robin Wall Kimmerer on the wonders of nature
Botanist Robin Wall Kimmerer, a member of the Citizen Potawatomi Nation, is author of the New York Times bestsellers "Braiding Sweetgrass" and "The Serviceberry" – books that advocate for living and working in collaboration with the Earth. She talks with correspondent Martha Teichner about the importance of respecting both Western scientific knowledge and Indigenous knowledge, planting trees, and sharing the gifts of nature.
The real no-shoes Kenny Chesney
In his recent memoir, "Heart Life Music," Kenny Chesney describes his life's journey, from Knoxville, Tenn., to No Shoes Nation and beyond. Chesney sits down with Lee Cowan in the Florida Keys, where the country superstar is just another laid-back local, to talk about family, touring, and how he recovered from a 2009 concert which he describes as "hitting a wall." [Originally broadcast Oct. 26, 2025.]
Milan's Casa Verdi, a rest home for musicians living in harmony
Opera great Giuseppe Verdi, one of history's most successful composers, used his fortune to create a retirement home for professional musicians "not favored by fortune." Residents of Casa Verdi in Milan not only share their lifetimes of artistry, they also provide master classes to young musicians. Chris Livesay reports.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including actress Hayden Panettiere, star of "Nashville" and "Heroes."
Technology
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Technology
AI-generated bills swamp congressional lawyers
Lawmakers and lobbyists are now using artificial intelligence to draft bills, but it turns out AI is currently terrible at the technicalities of federal law and regulations. Politico Congress tech reporter Owen Dahlkamp joins to discuss his recent article on the topic.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
How AI powered robots are helping small farms
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.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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How an oil trail led to suspect in South Carolina hit-and-run homicide
A trail of clues — including an oil leak, security video and data from a truck's onboard computer — lead S.C. investigators to a jealous man suspected of running down a romantic rival.
Uber driver gets roped into police car chase
A Houston Uber driver found himself involved in police activity after two officers jumped into his vehicle in pursuit of a suspect. Lana Zak has the story.
Judge denies Karmelo Anthony a new trial
Karmelo Anthony's murder conviction and 35-year prison sentence are staying in place after a Texas judge denied his request for a new trial.
Child social media addiction trial underway
A landmark trial which accuses tech giant Meta of harming children through addictive social media products is underway in Oakland. Kenny Choi has the details.
Fighting wage theft in New York City
The Economic Policy Institute estimates that workers lose more than $50 billion a year to wage theft. New York City is cracking down on the crime and other abuses of low-income workers.
Space
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First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
How some are keeping manual driving alive
For generations of drivers, getting behind the wheel meant you had to be able to use a stick shift. Now, new data shows that manual-transmission cars have all but disappeared. But some are keeping the driving skill alive. CBS News' Bradley Blackburn goes on a ride.
Why sewing is making a comeback
A new generation isn't just picking up a needle and thread; they're stitching an entirely new way of life. Itay Hod has the story from California.
Last Ridglan Farms beagles rescued
The last of more than 2,000 beagles from a Wisconsin facility that bred them for medical research have been rescued. Adam Yamaguchi accompanied them on their journey to freedom.
Ukraine celebrates independence amid strikes
Ukrainian President Volodymyr Zelenskyy said Russia plans to draft 300,000 more troops into the fight as the invasion drags on. On Sunday, waves of Ukrainian drones targeted Russia's economy, hitting a massive retail warehouse outside of Moscow. Holly Williams reports.
Impact of new U.S. tariffs on Canada
The escalating trade war with Canada has ruptured a once-close and durable alliance. It will soon have people on both sides of the border paying up. Jarred Hill has more details from New York.