The traditional retirement portfolio tanked this year. Here's what experts suggest.
CBSN
Retirement planners typically tell Americans to invest 60% of their retirement funds in stocks and 40% in bonds. But that time-tested strategy fell apart this year as poor performance in many financial markets wiped out many workers' savings. A classic 60-40 portfolio has lost 15% this year, according to the Wall Street Journal.
The downturn might have some investors itching to alter their investment mix. But that's probably not the best idea, Wall Street Journal reporter Akane Otani told CBS News.
"For people with a longer-term horizon, I think the advice generally stays the same even in a year like this year — which is to not do anything too crazy and not try to shift a lot of your money from one part of the markets to another because it usually tends to backfire," she said.
Firefly Aerospace's Blue Ghost lander closed in on the moon Saturday, on course for a nail-biting automated descent to touchdown early Sunday, the first of three private-sector robotic moon landers to reach its target after launches earlier this year.
Andrew Cuomo is running for mayor of New York City, he announced Saturday afternoon.
Washington, D.C. — The number of migrants crossing the U.S. southern border illegally in President Trump's first full month in office plunged to a level not seen in at least 25 years, according to preliminary government data obtained by CBS News.
From her home in Baker, Nevada, Elizabeth Woosley can see Andromeda - the nearest galaxy to the Milky Way (152,000 light years away) - with her naked eye. But she's one of the lucky ones as America's dark skies are rapidly disappearing.
A Will County jury has convicted a Plainfield, Illinois, landlord on all counts in the hate crime murder of a 6-year-old Palestinian-American boy, and the stabbing of the boy's mother.
Coeur d'Alene, Idaho — Your birthday is the one time of year when it's OK to be selfish. It's all about you, and kids have been basking in that blessing for as long as we've had candles.
Washington — U.S. military aid to Ukraine could be in jeopardy after a contentious Oval Office meeting Friday between President Trump, Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy, according to administration officials familiar with the discussions.
For Sen. Tim Scott of South Carolina, opportunity didn't come without a struggle.
For Sen. Tim Scott of South Carolina, opportunity didn't come without a struggle.