Worried how the stock market could impact your retirement? Here are 3 questions from experts.
CBSN
Watching your 401(k) plan savings recede as stocks slide can be gut-wrenching, sparking anxiety about whether you'll ever be able to retire — a particularly loaded issue for Gen Xers, given the oldest members of the generation are hitting 60 this year.
But financial experts say it's important not to panic in the face of plunging markets or rising recession risks because that can lead to rash decisions that cost you money. Instead, it's important to focus on some key investment questions before taking action, they say.
Since his Jan. 20 inauguration, President Trump's tariff barrage has spooked investors and soured consumers on the economy, with many fearing that his trade policies will trigger inflation and slam economic growth. The S&P 500 last week briefly moved into so-called "correction" territory, meaning the index had tumbled 10% from its most recent high, although it regained some ground on Friday.
Americans view the economic climate as getting harder, with an increasing count thinking they'll be rejected if they apply for a credit card, mortgage or car loan, the New York Federal Reserve said Monday.
Stocks on Monday continued to claw back some losses from last week, buoyed by data on retail sales around the U.S. that shows the economy is still trudging forward.
Gene Hackman's wife, Betsy Arakawa, called a medical concierge service in Santa Fe one day after authorities previously reported her last known activity and two weeks before she and Hackman were found dead, investigators confirmed Monday.
A federal judge canceled a Monday morning hearing for a doctor who was deported to Lebanon after demanding to know whether U.S. Customs and Border Protection had "wilfully" disobeyed his order to keep her in the country amid a challenge to her deportation.
CBS News contributor David Begnaud's latest installment of Dear David features a collection of inspiring stories sent by viewers, including the story of teen cousins stepping in at a father-daughter dance, a cancer survivor breaking his father's high school basketball record and a rescued beaver whose recovery helped save an animal sanctuary.
Washington — Senate Minority Leader Chuck Schumer postponed events to promote his forthcoming book, citing security concerns as he faces backlash from Democratic voters over his decision to support a Republican measure to avert a government shutdown.
A massive storm system that brought high winds, rain, tornadoes and wildfires killed at least 40 people in the Midwest and South over the weekend. Some survived the extreme weather by leaving just in the nick of time or riding out the storm.
Washington — President Trump claimed late Sunday that preemptive pardons former President Joe Biden granted to members of the House select committee that investigated the Jan. 6, 2021, assault on the U.S. Capitol are "void" and "vacant" because they were allegedly signed with an autopen.
President Trump said he plans to speak to Russian President Vladimir Putin on Tuesday about ending the war in Ukraine after three years of fighting sparked by Russia's full-scale invasion of its neighbor.
Forever 21's U.S. retail operator has filed for bankruptcy, the second time for the brand, which has been battered by diminishing mall traffic, inflation and online competition.
Retail sales around the U.S. rose a modest 0.2% in February, missing forecasts amid fears that the economy is slowing, new government data shows.
Johannesburg — The Trump administration expelled South Africa's Ambassador Ebrahim Rasool on Friday, giving him 72 hours to leave the country. In a social media post, Secretary of State Marco Rubio called Rasool a "race-baiting politician who hates America" and President Trump.
Protesters gathered across Mexico on Saturday to demand justice following a grisly discovery of charred bones, shoes and clothing at a suspected drug cartel training ground.