Ways people raid their 401Ks and why you shouldn't do it

(CBS News) A recent study by HelloWallet, a personalized financial guidance startup company, shows one in four Americans is using a 401K retirement account to pay for current expenses. Most advisers will tell you that borrowing from your future is a risky move. However, if you do decide to borrow from that account you can do it a few ways, ...

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Video: Medical research affected by the "fiscal cliff"

December 24, 2012 4:26 PM The “fiscal cliff” could mean cutbacks and layoffs in fields like medical research. One professor is already suffering a 10 percent cut as the National Institute of Health prepares for the possibility of “fiscal cliff” budget cuts. Wyatt Andrews reports. Powered by

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Video: No talks on "fiscal cliff" 'till after Christmas

December 24, 2012 4:25 PM The White House and congressional leaders will have less than a week to work out a budget deal to avoid the so called “fiscal cliff.” In the meantime, the President is taking his first real vacation in about a year. Nancy Cordes reports. “Fiscal cliff” deal could fall in Harry Reid’s hands Powered by

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