Page 34 - Iras News Today

But at the top end of the contributors to social security, many of them are now getting back less than what they actually paid into the system. that would shock franklin roosevelt. it would violent roosevelts notion of the legal, moral and political right to collect pensions based on what you pay into the pension fund. now i think francis perkins would take a broader view of this whole subject and while looking at social security retirement benefits, she would notice today that we have many othe...

Back less than what they actually paid into the system. that would shock franklin roosevelt. it would violent roosevelts notion of the legal, moral and political right to collect pensions based on what you pay into the pension fund. now i think francis perkins would take a broader view of this whole subject and while looking at social security retirement benefits, she would notice today that we have many other ways, the federal government, subsidizes retirement in this country that did not used ...

Breaks in lawnses. part of that is limiting breaks, too. and putting a ceiling on how much you can collect in an account without having to pay taxes on it. >> i think theres a difference between dealing with accounts like this and taking money out of peoples pockets they would invest. all the money in iras is taxed. >> this is one idea floated around. well get confirmation tomorrow but what it is showing is that they have to come up with more creative ways to get money. presidents offering his p...

It really works. a lot of people hear $3 million and say that isnt me but it could be you because iras collect and gather over a lifetime. what do you think if they start putting caps on that? >> it would effect very few people because you can only put 10 to $12,000 a year in if youre a couple. the way in a mitt romney had a large amount in his account, and i dont know how that happened -- >> one could -- >> what probably happened, say you bought apple stock at 50 cents and put it in an ira and ...

Without jobs. among 18 to 29-year-olds, the unemployment rate is 11.7%. what is the impact on society that so many young people are jobless? >> well, i think it is a terrible impact. theyre not getting those first jobs, these college graduates where you get job specific skills and become more valuable over time. and a lot of them are going back to universities to get mbas from guys like me and they still cant get jobs. >> thats a big mistake. then they have huge debt. older people are running do...

October 2007. this matters to you, because you probably have 401(k)s and iras that mimic this index. its up about as much as you can expect to make in an average year in the stock market, and with markets closed tomorrow for good friday, the dow is now moments away from wrapping up its best first quarter, first three months of the year, since 1998. those of you who stayed invested back in march of 2009 would now have a gain of about 130% in four years. i can tell many of you still arent buying i...

Our new york city newsroom. what is behind these gains. >> we saw some the traders on wall street as they were cheering as the new pope was announced. they called it the papal pop at the end of the day. you are absolutely right. we had our seventh consecutive record closing high for the dow jones industrials. for the 401(k)s and iras and all the folks out there hoping for so much more they are certainly getting it. 120%% up off the lows that we saw in 2009. some of the reasons, shep, that we are...

We have been a credit card society for a sl long time. every time we get to a recession people started saving and they start spending and were back at square one. when i saw the numbers i was amazed because i think we are educated society but it looks like people are not thinking twice about it. >> gregg: and especially when you consider how long the investment retirement vehicles have been around. the 401-k was initially created back in 1978, iras somewhere around the neighborhood as well and y...

Collaboration. i think thats very important for the segregated population in particular, a chance that their voices are heard. that theres an audience awaiting what they are writing. the authors there have been very much aware that they want to speak to the general population through shakespeares language. >> its not a vacation. and time we dare not waste. >> this is the first time iras white, one of the writers of the play, has seen his work performed. >> when he was speaking, i knew everything...

Give people a source for worry. how can you be 55 and only have $50,000 in your account? what we have to remember is that people change jobs so often these days. theyve got multiple 401(k)s. theyve got i.r.a.s on the side because theyve rolled over other balances. but the key to all this and the thing people have to remember as the stock market goes down, because inevitably, it will have its correction at some point when the fed decides to stop supporting the markets. youve got to keep putting m...