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.
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.
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.
While St. Patrick's Day celebrations often produce images of T-shirts donning "Kiss me, I'm Irish," leprechaun hats and pubs full of people, the holiday holds a deeper meaning.
President Donald Trump is expected to visit the Kennedy Center for a board meeting on Monday, two sources familiar with the planning tell CBS News
UCLA is the top overall seed in the women's NCAA Tournament. The Bruins were joined by South Carolina, Southern California and Texas as the No. 1 seeds that the NCAA revealed Sunday night.
A sleepy Selection Sunday this was not.