Hardship withdrawals from 401(k) plans hit record high
More Americans are taking retirement savings out of their accounts due to an "an immediate and heavy financial need."
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More Americans are taking retirement savings out of their accounts due to an "an immediate and heavy financial need."
Stock app dangles a matching contribution to attract customers who may not have a company-based retirement plan.
Workers say they need 20% more than a year ago to retire, yet retirement savings are shrinking.
The tax agency said it is also boosting the contribution threshold for IRAs due to inflation.
Not every retirement account is the same. Finding a job with a great one could mean tens of thousands of dollars more when you retire.
As the economy remains uncertain, there are questions about how to best save for retirement. CBS News' Lana Zak has more on what retirement accounts could maximize your savings. Then, Harold Pollack, the Helen Ross Professor at the University of Chicago, joins Matt Pieper to discuss.
High inflation and fears of a recession have many Americans wondering what to do with their 401(k) retirement investments. Those fears have been magnified by U.S. stocks falling by at least 20% from their most recent peak in January. CBS News MoneyWatch reporter Aimee Picchi joined CBS News' Errol Barnett and Debra Alfarone to discuss.
With more and more investment companies offering cryptocurrency as an option in retirement portfolios, the recent decline of digital currency means some people's retirement funds are losing money. Greg McBride, chief financial analyst at Bankrate, joins CBS News to explain what caused the crash and what it means for your investments.
The rising cost of consumer goods coupled with the stock market's decline is taking a devastating toll on Americans' retirement plans. This year's sell-off erased more than $3 trillion in value in retirement savings alone. John Leer, chief economist at Morning Consult, spoke with CBS News' Michelle Miller and Elaine Quijano about the affect on Americans' retirement plans.
Millions of American's are losing money in their 401K as stocks fall. Frances Stacy, director of strategy at Optimal Capitol, joins CBS News with advice on how to protect your retirement funds.
U.S. stocks fell sharply on Thursday, pushing the Dow Jones below 30,000 for the first time since January 2021. Meanwhile, mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve hiked interest rates to tame inflation. Bartie Scott, a senior economy editor for Business Insider, joins Carter Evans to discuss.
If you work for a private company, one of the easiest ways to save for retirement is a company-sponsored 401(k) plan. Here's how you can take advantage of the retirement plan that's offered by many employers.
Making the right moves with your investments and retirement plan is key when the stock market is in free fall like it has been. Joe Saluzzi, partner and co-founder of Themis Trading spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about what to do with your portfolio.
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
Stocks plummeted on Wall Street after disappointing quarterly results from the nation's largest retailers. CBS News senior White House and political correspondent Ed O'Keefe has the latest. Then, Akane Otani, a reporter for The Wall Street Journal, joins Elaine Quijano on CBS News to explain the current market volatility.
Stocks hit their lowest point of the year Monday. All three major domestic indexes dropped by at least 2%. Dory Wiley, president and CEO of Commerce Street Holdings, joined "CBS News Mornings" to explain what's behind the recent swings and share advice for investors.
Bipartisan bill could help workers save at a time millions of Americans are financially unprepared for retirement.
Three people are dead after a gunman opened fire at a Jewish community center and a retirement facility near Kansas City; and, A new series about climate change will premiere soon on Showtime. "Years of Living Dangerously" uses celebrities to highlight the global challenges caused by climate change.
A powerful stream of moisture is bringing much-needed precipitation to drought-stricken parts of Northern California. For many areas, though, the heavy rain, wind and snow are too much; and,It was a year ago this week that the pursuit of a former LA cop and accused killer Christopher Dorner reached its climax. Carter Evans recalls being on the front lines of the final confrontation.
A record number of Americans are risking their financial futures by making early withdrawals from their retirement accounts. CBS MoneyWatch personal financial advisor Ray Martin joins “CBS This Morning: Saturday” with more on this disturbing trend.
Approximately 1 in 8 Americans hold student loan debt. Amy Richardson, a certified financial planner with Schwab Intelligent Portfolios Premium, joined CBSN's Tanya Rivero with tips for how new college graduates entering the workforce can pay off debt and save money.
House Republicans revealed details of their tax proposal Thursday, saying it will cut corporate taxes and also help middle income families. CBS News political contributor Ed O’Keefe and Business Insider's "Your Money” editor Lauren Lyons Cole join CBSN with a look at the changes proposed in the GOP tax plan.
On Thursday, the House GOP unveiled details of their tax proposal. House Speaker Paul Ryan said it will "deliver real relief." The tax proposal aims to permanently cut the corporate tax rate from 35 percent to 20 percent as well as repeal the alternative minimum tax. Watch the full press conference here.
Lawmakers demand answers after ambush in Niger; how would potential pre-tax 401(K) limits affect retirement savings
Reports last week that GOP lawmakers are considering capping pre-tax 401(k) contributions caused alarm and concern. Former U.S. Deputy Labor Secretary Seth Harris joins "Red and Blue," and said he doesn't think Republicans will be able to pass tax reform before the end of the year. He added that it would be "political suicide" if they fail to pass one.
As the Iran war passes the five-week mark, President Trump hailed the rescue of a U.S. airman who was missing for days inside Iran — and threatened to hit power plants if Iran doesn't let the Strait of Hormuz open.
Retired Gen. Frank McKenzie, a former commander of U.S. Central Command, outlined takeaways on the search-and-rescue mission for a missing U.S. airman on "Face the Nation," and called it a "hard lesson for Iran."
NASA Administrator Jared Isaacman outlined the most critical moments he expects in the coming days as Artemis II astronauts continue their journey around the far side of the moon.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
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.
While President Trump threatens to bomb Iran "back to the stone ages" if they do not agree to a deal to end the war, some experts tell CBS News that the continuing war will likely make the regime in Tehran more determined to build a nuclear weapon.
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
No injuries were reported and a suspect was not located following a search of the area, the Secret Service said.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
The driver was trying to elude the Alabama Law Enforcement Agency's highway patrol on a rural road in southeast Alabama's Pike County when the crash occurred late Friday night.
On this "Face the Nation with Margaret Brennan" broadcast, NASA Administrator Jared Isaacman and retired Gen. Frank McKenzie join Ed O'Keefe.
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
NASA Administrator Jared Isaacman outlined the most critical moments he expects in the coming days as Artemis II astronauts continue their journey around the far side of the moon.
No injuries were reported and a suspect was not located following a search of the area, the Secret Service said.
Some major retailers and other stores will close their doors on Easter, so it's best to plan ahead. Here's what to know.
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.
On this "Face the Nation with Margaret Brennan" broadcast, NASA Administrator Jared Isaacman and retired Gen. Frank McKenzie join Ed O'Keefe.
NASA Administrator Jared Isaacman outlined the most critical moments he expects in the coming days as Artemis II astronauts continue their journey around the far side of the moon.
Retired Gen. Frank McKenzie, a former commander of U.S. Central Command, outlined takeaways on the search-and-rescue mission for a missing U.S. airman on "Face the Nation," and called it a "hard lesson for Iran."
The following is the full transcript of an interview with retired Gen. Frank McKenzie, former commander of U.S. Central Command, that aired on "Face the Nation with Margaret Brennan" on April 5, 2026.
The following is the full transcript of an interview with NASA Administrator Jared Isaacman that aired on "Face the Nation with Margaret Brennan" on April 5, 2026.
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.
Three people, including a 10-month-old girl, were killed Sunday when high winds toppled a tree during an Easter egg hunt, German police said.
Archaeologists, residents and government officials talk about how uncovering and preserving centuries-old sites and artifacts in Israel and the West Bank also serves to highlight contemporary disputes over ownership rights, and concerns about history being erased.
British Prime Minister Keir Starmer said he was concerned about Kanye West's planned appearances at a London festival, given the rapper's past antisemitic remarks.
For hundreds of years, St. Peter's Basilica has been adorned by mosaics – millions of tiny colored tiles melted and fashioned into astonishing art – created using tools and techniques dating back centuries.
While President Trump threatens to bomb Iran "back to the stone ages" if they do not agree to a deal to end the war, some experts tell CBS News that the continuing war will likely make the regime in Tehran more determined to build a nuclear weapon.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
Hosted by Jane Pauley. Featured: The Vatican's Mosaic Studio; a fight over history at West Bank archaeological sites; Dan Levy on his new series "Big Mistakes"; the creative talents behind "Hacks"; the latest on the Artemis II lunar mission; the works of Renaissance artist Raphael; and the beauty of moss.
One of the greatest artists of the Italian Renaissance is now the subject of the first comprehensive exhibition of his work ever in the United States, at the Metropolitan Museum of Art in New York City.
In this web exclusive, Jean Smart, the Emmy-winning star of "Hacks," talks with correspondent Tracy Smith about filming the final season of her HBO series.
The Emmy-winning HBO comedy "Hacks," about the travails of comedian Deborah Vance and her writer, Ava, is launching its fifth and final season. Correspondent Tracy Smith talks with stars Jean Smart and Hannah Einbinder about saying goodbye to roles that were a match made in comedy heaven. Smith also talks with the show's co-creators: Jen Statsky, Paul W. Downs and Lucia Aniello (who describes directing one episode while in labor).
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
"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."
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.
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.
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.
On Monday, the astronauts aboard the Artemis II spacecraft will loop around the Moon's far side, part of a mission pushing human beings farther from Earth than anyone has ever been. Correspondent Mark Strassmann talked with commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen as the crew was about 180,000 miles from home, preparing for their historic lunar flyby.
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.
When Harold Allen died suddenly in his home in Freetown, Indiana, no one suspected anything out of the ordinary. Nine months later, a burglary at his home would lead to a murder investigation and an unusual weapon.
After Dee Warner, a Michigan businesswoman and mother, disappeared from her home, her family believed she has been murdered and suspected her husband Dale Warner. But without physical evidence, they knew it would be hard to prove.
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.
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
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.
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.
Hosted by Jane Pauley. Featured: The Vatican's Mosaic Studio; a fight over history at West Bank archaeological sites; Dan Levy on his new series "Big Mistakes"; the creative talents behind "Hacks"; the latest on the Artemis II lunar mission; the works of Renaissance artist Raphael; and the beauty of moss.
The New York Times' David Sanger, Bloomberg's Jeff Mason and Cook Political Report's Amy Walter discuss the Iran war, its political implications and the upcoming midterms on "Face the Nation."
Days after the Artemis II mission launched toward the moon, NASA Administrator Jared Isaacman told CBS News' Ed O'Keefe on "Face the Nation" the primary goal in this phase is to gather data to help prepare for an eventual return to the lunar surface.
Missed the second half of the show? Archbishop Timothy Broglio and NASA Administrator Jared Isaacman join, along with a panel of political reporters.
Archbishop Timothy Broglio, who leads Catholic military chaplains, said on "Face the Nation" he wants negotiations to end the Iran war, and argued "it's hard" to see the war "as something that would be sponsored by the Lord."