What’s the required minimum distribution from a $200,000 retirement account?

Required minimum distributions from your retirement account will vary annually based on age. Getty Images/iStockphoto Saving an adequate amount of money for retirement can be both challenging and time-consuming. Once the funds are safely secured in a 401(k) or traditional IRA, though, retirees will need to move on to the next inevitable step in this …

Read more

Trump warns “the clock is ticking” for Iran

President Trump warned Sunday on social media that “the clock is ticking” for Iran to accept a peace agreement. Iran said Monday that it responded to the latest proposal via Pakistani mediators. CBS News’ Caitlin Huey-Burns has the latest, while global affairs analyst Jonathan Wachtel joins with more insight.

U.S. announces Ebola-related travel restrictions amid outbreak in Congo, Uganda

The Trump administration announced Monday it’s restricting people who don’t have U.S. passports from entering the country if they have been in three African nations recently affected by the Ebola outbreak. People without U.S. passports who have traveled to Congo, Uganda or South Sudan in the past three weeks will be restricted from entering the …

Read more

Retired and sued for debt? Here’s what creditors can (and can’t) take

Retirees facing collection activity should understand which protections could apply to their income and assets. Pla2na/Getty Images Retirement is supposed to usher in an era of financial stability and predictability, and for some retirees, it does. But for many older Americans, the pressures of today’s rapidly rising living costscoupled with their lingering high-rate credit card …

Read more