Page 29 - Iras News Today

>> you know, erin, im having a bit of a deja vu here because actually, i worked for reagan in the 80s and when we did the bipartisan tax reform, robert reich may remember that. one of the things that was on the table of discussion was to pull back on the iras in favor of lower tax rates. i think going after savings incentives is a bad idea. you know, 401(k)s, you put the number 5 trillion. i think its closer to 7 trillion, erin, in terms of the amount of money americans have in these 401(k)s. i ...

Bottom of this boom. president trump loves to tote the stock markets gain his presidency is jump starting the c economy. for no other reason because they are not in the market. according to gap lop, only 52% of u.s. adults invested in stocks in 2016, a sharp drop from 65% in 2007. the largest share participate passively through 401 ks, iras and retirement savings accounts. a steady author for the national burro of economic research shows host stock holdings unsurprisingly are held by the rich. t...

Far the largest share participate passively in the market through their 401(k)s, i.r.a.s and other retirement savings accounts. study authored from the national bureau of economic research showed most stock holdings are held by the rich. the top 20% of households by wealth owned 92% of stocks back in 2013 while 80% of all americans put together own the remaining 8%. when the president logs a whopping 20% gain in the dow since his election, that is mostly helping americas wealthy, not the wider a...

>> yes. brian: watch what happened to new york city. >> everyones pension plan and a lot of people have a pension plan of sorts. that goes up. iras going up. 401(k)s. steve: hiring? >> more hiring because you have a rich stock market with rich profits. jobs going up. tomorrow morning, you are going to get a jobs report, how many jobs did we create in the month of july, probably going to be pretty strong. could be a quarter million. ainsley: you talked about corporate tax. that would be great. wh...

Digit gain. record highs, nicole? >> thats right. everybody loves it. 4o1 kays and iras say its bring it on. they like to see the record highs, and that is exactly what we are seeing today. the dow jones industrial average at this moment is up 113 points, and thats a 21497. thats too high. topping 215. the s&p also up. that is a big one. look at the tech titans that are topping these stocks. amazon, intel, microsoft, dr the best performance today, and since the election, they have really done we...

Iras such as goldman sachs, those are at about 2% this week. there really is a feeling that the trump agenda is still on course. weve been hearing that the tax cuts are still possible now for for 2017. overall, there is a still a sense of optimism. i spoke with an economist this morning who basically said, he said the economy is doing fairly well and be excited get better. well watch for a hike in june as well. >> leland: the dow is up 23. thank you. >> jenna: members of president trumps cabinet...

Make what point? >> by the way, thank god my father is alive and thank god that worked. i made the point that in the future medicare may not be able to cover all of this innovation. this personalized solutions. a valve like that is only covered because some lobby fought for it. medicare is not covering enough wheelchairs. medicare is going bankrupt, a good reason, we have great technology. in the future that valve may not be covered. i was making the point maybe we ought to start saving now with...

That number has, the dow, the nasdaq, the s&p? >> thats the key point, because the effect is approximately zero. there will some trickle down in your iras. this is the trump economics to help us with making the stock market go higher and deregulating our business but yet to put anything forward that will help the people who elected him. >> i dont know about the working class people that elected him but i can tell you as the son of small business owners, this is going to help small business owner...

He is certainly feeling pretty great, he has noted the surge, and there is one gentleman who made dow 20,000 hat in may of 2013 and was very optimistic, and he is right. heres another one, and heres the one from the new york stock exchange. this one goes up and down, i hope we dont go down. i hope we continue to go up for the 401ks and iras, so the optimism continues. >> jon: well right now democrats and republicans are in a battle over the affordable care act. republican congressman pete sessio...

And their iras will see a big increase and itcould have the effect of having an increase in jobs. i think it will have its intended effect be one great to see you, happy new year. coming up on the show, shewas a big target on the campaign trail.>> miss pocahontas, elizabeth warren, she is probably the senator is doing just about the least in the united states . is a total failure . clayton: elizabeth warren says if he doesnt get her way, trumps cabinet picks will not get confirmed. >>