Finance » Retirement

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Fearful of Being Left Out to Dry, Bond Funds Hold More Cash

By Stan Choe | Aug 5
Imagine the bond market as a crowded swimming pool, except it's one where the water level drops whenever someone tries to leave. By the time you attempt to get out, you're stuck at the bottom, unable to exit because the ladder is 10 feet above your head.

Social Security Disability Fund to Run Dry Next Year

By Stephen Ohlemacher, Ricardo Alonso-Zaldivar | Jul 23
The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign.

Taking Stock of China's Crash: How US Investors are Affected

By Stan Choe | Jul 20
It's tempting to think of China's stock market crash this summer as just a faraway problem. It's not. If you have a 401(k) or IRA, odds are good that you have at least a sliver of your savings in Chinese companies.

A Dramatic Trading Shutdown with Little Impact on 401(k)s

By Bernard Condon | Jul 10
You can read all about it on social media and newspapers, but you won't find a trace of it where it really matters: Your next 401(k) statement.

US Stocks End Lower After Greek 'No' Vote; Europe Sinks

By Bernard Condon | Jul 6
U.S. stocks are closing slightly lower after Greeks rejected the terms of the country's latest bailout. European markets had bigger losses Monday, but not as bad as many were expecting.

California Slips Back to No. 8 Economy in World

Jul 3
Less than a month after edging out Brazil, California has slipped back to its ranking as the eighth-largest economy in the world based off an update of global economic data released.

Backers of Bush Nonprofit Include Banks, Schools, Lottery

By Ronnie Greene, Steve Peoples | Jul 2
Big-time donors to a nonprofit educational group founded by Jeb Bush, disclosed for the first time, highlight the intersection between Bush's roles in the worlds of business, policy and politics years before he began running for president.

New Survey: LGBT Couples Approach Money Differently

By EDGE | Jun 25
Talking about money on a regular basis may be the key to a happy relationship, according to research released today by TD Bank.

Martha Stewart Living Acquired for $353M

By Anne D'Innocenzio | Jun 24
The announcement on Monday of an acquisition of Martha Stewart's media and merchandising empire in a deal that values the company at far less than in it was worth in its glory days shows how much her brand has eroded over the years.

Pope Francis Calls Climate Change a Moral Issue, Demands Action

Jun 20
Pope Francis called climate change a moral issue and demanded action to reverse its effects. CBS News correspondent Dean Reynolds reports.

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