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Many Americans feel they can use their 401(k) as a source for extra cash, but there are a lot of fees and penalties for withdrawing money early. CBS MoneyWatch contributor Ray Martin shares the best way to tap into your retirement savings if you really need to.
Suzanna de Baca of Ameriprise Financial joins MoneyWatch's Amey Stone to discuss the spending and saving habits of Millenials and why cutting back on smaller items like eating out and clothing might not be enough.
Whether you are ready to retire or planning to do so in the distant future, CBS MoneyWatch's Ray Martin shows you how to achieve the basic goals of financial security and independence for your golden years.
Workers can withdraw or borrow up to $100,000 from 401(k)s under new COVID-19 aid package. Retirement planners say only do this if necessary.
According to the American Psychological Association's "Stress in America" survey, nearly two in three adults this year said money is a significant source of stress in their life, and about half of adults said they have experienced negative financial impact due to the COVID-19 pandemic. Walser Wealth Management president Rebecca Walser joins CBSN to discuss how to manage financial anxiety.
Investing can seem intimidating when you have no background information or resources, but it may be more accessible than you think. Something as simple as a 401(k) or IRA can lead to greater retirement earnings than using a traditional savings account. CBS News business analyst Jill Schlesinger joined CBSN with more on how to make the most out of your investments.
Your 401(k) may be taking a hit this week after another sell-off in the markets. The Dow, Nasdaq and S&P each lost more than 1.5% of their value Wednesday, the second straight day of losses. President Trump placed the blame on his political foes, and "impeachment nonsense." CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss what's really behind the drop.
Financial fallout caused by the COVID-19 pandemic is impacting many Americans' retirement savings. But for some, there could be a silver lining. If you've been considering converting a traditional IRA to a Roth IRA, now could be a beneficial time to do so. CBS News business analyst Jill Schlesinger joins CBSN to help navigate whether this may be a smart move for you.
Stocks tend to do well this time of the year, but some question whether 2019's near 30% gains can continue in 2020.
The act would expand lifetime-income options like annuities and allow part-time workers to join 401(k) plans
Mutual fund giant's affiliated charitable fund gave $330,000 to a group that equates homosexuals with pedophiles.
Still, only 1% of the firm's 401(k) plans have amassed that level of savings, while most people have far less
Here's why investors saving for retirement should pay close attention to President Trump's latest China tariff threat
Several types of plans are available, but figuring out which one is right for you can be confusing, so here's some help
Approved overwhelmingly in the House, the Secure Act would do much to help employers and retirement savers
Need money urgently? Before taking a hardship withdrawal from your 401(k) plan, consider these alternatives
The rules for hardship withdrawals are strict and the costs of taking money from your future retirement can be sky-high
A generation defined by high levels of debt often thinks paying off credit cards and student loans trumps saving for retirement
For a generation defined by unprecedented levels of debt, paying down credit card and student loan bills trumps saving for retirement.
The rules for annual required minimum distributions can hit you with investment losses if you aren't careful
It really depends on how old you are and whether you've got a strategy in place for inevitable market drops
The Federal Reserve begins a two-day meeting Tuesday and is expected to raise interest rates. This comes amid sharp stock declines that are hammering Americans' 401(k)s. The Dow plunged 507 points Monday, and the S&P 500 dropped 54 points. It is down nearly five percent for the year. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to explain the market uncertainty.
"If I had planned harder when I was younger and if things had went better, I wouldn't be going to work this morning"
Workers like 80-year-old Tom Coomer are still in the workforce long past when they thought they would be enjoying retirement
In most cases, those 70½ and over will need to make a "required minimum distribution" from your IRA by year-end
Iran insists there are no plans for inspections of its bombed nuclear sites, but Trump says Tehran "fully and completely" agreed to let inspectors return.
President Trump's construction projects include restoring the Lincoln Memorial Reflecting Pool, building a 90,000-square-foot White House ballroom and a 250-foot triumphal arch.
Voters are going to the polls Tuesday for contests in New York, South Carolina, Maryland and Utah.
Authorities believe two ransom notes addressed to Nancy Guthrie's family — including a note that said she had died — were likely sent by the person or group of people who abducted her.
Army Secretary Dan Driscoll said Tuesday the Army will look into introducing electronic jamming to ranges so industry and Army soldiers can train in areas that simulate battlefield conditions.
The Supreme Court rejected a former Louisiana inmate's effort to sue state prison officials after they shaved his dreadlocks in violation of his religious beliefs.
Millions in France are enduring extreme heat, with temperatures soaring and 40 drowning deaths reported since June 18.
Most Britons say leaving the European Union was a mistake and they'd favor a new referendum, but politicians have little appetite to reopen the wound.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
President Trump's construction projects include restoring the Lincoln Memorial Reflecting Pool, building a 90,000-square-foot White House ballroom and a 250-foot triumphal arch.
The ruling deals a setback to the "Make America Healthy Again" campaign, which seeks to curb purchases of foods officials say are unhealthy.
The Supreme Court rejected a former Louisiana inmate's effort to sue state prison officials after they shaved his dreadlocks in violation of his religious beliefs.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
The Utah judge in the murder case of Charlie Kirk's alleged killer has denied a defense request to force Tyler Robinson's former roommate to testify in person during the preliminary hearing.
President Trump's construction projects include restoring the Lincoln Memorial Reflecting Pool, building a 90,000-square-foot White House ballroom and a 250-foot triumphal arch.
The ruling deals a setback to the "Make America Healthy Again" campaign, which seeks to curb purchases of foods officials say are unhealthy.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
The most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance is warning.
The Senate passed a bill aimed at lowering housing costs on Monday after a major breakthrough and rare bipartisan consensus.
Army Secretary Dan Driscoll said Tuesday the Army will look into introducing electronic jamming to ranges so industry and Army soldiers can train in areas that simulate battlefield conditions.
President Trump's construction projects include restoring the Lincoln Memorial Reflecting Pool, building a 90,000-square-foot White House ballroom and a 250-foot triumphal arch.
Andy Burnham, Britain's likely next leader, hasn't said a lot about President Trump, but his few statements have been critical.
The Supreme Court rejected a former Louisiana inmate's effort to sue state prison officials after they shaved his dreadlocks in violation of his religious beliefs.
The Utah judge in the murder case of Charlie Kirk's alleged killer has denied a defense request to force Tyler Robinson's former roommate to testify in person during the preliminary hearing.
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 Trump administration's cuts to Medicaid and SNAP may complicate Republican Gov. Joe Lombardo's reelection chances.
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.
In 1970, about 1 in 20 children were affected by obesity; today, it's 1 in 5. Dr. Jonathan LaPook looks at programs aimed at helping kids (and their families) get healthy the old-fashioned way, by eating right and exercising.
Army Secretary Dan Driscoll said Tuesday the Army will look into introducing electronic jamming to ranges so industry and Army soldiers can train in areas that simulate battlefield conditions.
Andy Burnham, Britain's likely next leader, hasn't said a lot about President Trump, but his few statements have been critical.
Most Britons say leaving the European Union was a mistake and they'd favor a new referendum, but politicians have little appetite to reopen the wound.
Millions in France are enduring extreme heat, with temperatures soaring and 40 drowning deaths reported since June 18.
A Mount Everest veteran tells CBS News why retrieving "Green Boots," whose remains have become a grim waypoint for climbers, would be a perilous mission.
Multiple Grammy-winning music executive Clive Davis, who helped launch the careers of such artists as Barry Manilow, Bruce Springsteen, Whitney Houston and Alicia Keys, died on June 22, 2026 at age 94. In this Oct. 23, 2011 "Sunday Morning" profile, Anthony Mason talked with Davis about his "accidental" career in music, and his comeback after losing his job as head of Columbia Records in the early '70s. Mason also attended one of Davis' legendary pre-Grammy parties, where Jennifer Hudson spoke about what she'd learned from her mentor.
Record label executive and starmaker Clive Davis died at 94 on Monday. His influence spans genres and decades. Music critic and Davis biographer Anthony DeCurtis reflects on the life and legacy of Clive Davis.
Jim Parsons speaks about starring in the musical "Titaníque," which is a comedic retelling of the story of the "Titanic," from the perspective and songs of Celine Dion. Parsons talks about why he wanted to portray's Rose's mother, the show's impact on the LGBTQ+ community and the cast.
Clive Davis, known for propelling artists across genres to stardom, died Monday at the age of 94. "CBS Mornings" co-host Gayle King looks back at his legacy in the music industry.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
Artificial intelligence-generated images, videos and deepfakes are becoming more common in political advertising to attack opponents or influence Americans' opinions. CBS News political director Fin Gómez joins to discuss.
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 recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Seahorses are unique ocean inhabitants with a head like a horse, a pouch like a kangaroo, a tail like a monkey, and the ability to camouflage themselves like a chameleon. They also exhibit an unconventional gender dynamic, in that the males do the work of carrying around fertilized eggs. Correspondent Conor Knighton goes in search of these fascinating fish – and their equally fascinating cousins, seadragons – at the Birch Aquarium at the Scripps Institution of Oceanography in California.
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
The Supreme Court recently decided to reinstate the conviction of the man accused of kidnapping and murdering 6-year-old Etan Patz in 1979, bringing the case back into the public eye. "After Etan" author Lisa Cohen shares her thoughts on how the Etan Patz kidnapping changed how the public viewed missing children's cases.
Authorities believe that two ransom notes addressed to Nancy Guthrie's family shortly after her disappearance are linked to the same person or group. CBS News' Anna Schecter has more.
Investigators familiar with the case believe it is likely that two ransom notes sent to Nancy Guthrie's family were written by the person or group that abducted her. While the first note demanded millions in bitcoin, the second claimed that Nancy Guthrie had died, albeit not purposefully, according to sources who reviewed the notes. CBS News' Bradley Blackburn has more details on the case.
Two people are dead, including a police officer, after a suspect opened fire at police in Montreal. The suspect is also dead. Shanelle Kaul reports on the investigation. Warning, some of the video is graphic.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
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.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
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.
Multiple Grammy-winning music executive Clive Davis, who helped launch the careers of such artists as Barry Manilow, Bruce Springsteen, Whitney Houston and Alicia Keys, died on June 22, 2026 at age 94. In this Oct. 23, 2011 "Sunday Morning" profile, Anthony Mason talked with Davis about his "accidental" career in music, and his comeback after losing his job as head of Columbia Records in the early '70s. Mason also attended one of Davis' legendary pre-Grammy parties, where Jennifer Hudson spoke about what she'd learned from her mentor.
President Trump spoke to reporters Tuesday before visiting a Mack Trucks facility in Pennsylvania.
The future of Iran's nuclear program remains unclear amid recent peace talks, despite President Trump's claims that the country "completely agreed" to nuclear inspections. CBS News' Courtney Kealy has more.
Secretary of State Marco Rubio spoke to reporters after landing in the United Arab Emirates on Tuesday, where he touted "good progress" with Iran but also said "a lot of work remains to be done."
In a 6-3 ruling, the Supreme Court ruled that a devout Rastafari man in Louisiana can't sue the state prison officials who forcibly shaved his dreadlocks. CBS News' chief legal correspondent Jan Crawford reports on the court's most recent and upcoming cases.