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.
Mexico is handing over one of the FBI's Ten Most Wanted Fugitives to the United States after his arrest in Veracruz, officials said.
The Trump administration plans to eliminate a major research body of the Environmental Protection Agency, possibly cutting more than 1,000 employees, according to documents on the government's reduction in force agenda.
Amazon is suing the U.S. Consumer Product Safety Commission over the government agency's order requiring the online retailer to recall hundreds of thousands of potentially hazardous products sold by other sellers on its platform.
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An Immigration and Customs Enforcement officer provided new details about the Trump administration's deportation flights of alleged gang members, but continued to argue the government had a right to reject a judge's order directing the planes to return to the U.S., even if they were already in the air.
More than 3 million deaths are reported to the Social Security Administration each year. Among them, a small portion — less than 10,000 — are erroneous and need to be corrected, according to the agency.
Washington — Chief Justice John Roberts issued a rare statement Tuesday defending federal judges who have issued decisions against the Trump administration, saying that "impeachment is not an appropriate response to disagreement" with a court's decision.
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Senate Minority Leader Chuck Schumer argued Tuesday that he remains the "best leader for the Senate" despite backlash from some Democrats over his decision to allow a Republican-led measure to advance, avoiding a government shutdown.