Page 35 - Ryan Mack News Today

Management, and donna, senior writer with "money" magazine. thank you for being here today. lets get right to our first question which comes from dee who writes in, if you have a credit card that is closed and a current credit card both with balances, which one should you pay off first? >> what do you say, ryan? >> this volatile economy, cash is king. have capital for emergencies if next best thing, bay your minimums, that line of credit you have access to. the one you still have open and availa...

People want to get involved to help us. we have time. we can put booms out in front of it. we can do things to collect the oil, soak up the oil, get it out of its way and perhaps even get it syphoned off. weve got to get support from the government and bp to get more syphoning equipment here. the number one way to get this oil cleaned up is to get it off with syphoning boats. we dont have enough of those here. we need more of it. getting it wrapped up in booms, as you see this wind is making tha...

You dont want to have to use the tax money from within the i. r.a whenever i run a calculation, if you have to take the money out of the plan that youre converting, its better to leave it alone. if i convert $10,000 it might cost me $4,000 to convert, i have to have that $4,000 on the side. in the long run when you do that, it certainly makes a lot more sense to divert your tax strategy. >> we can revisit it again because this is something that a lot of people are going to be trying to research ...

Tornado coverage. >> thank you. thats extraordinary stuff. well return to our financial segment and answer your questions now. this is the favorite part of so many viewers. ryan mack, president of optimum capital management back with us. josh levs here. josh has the questions for you, ryan. people are still interested in not just their jobs but their mortgage. what to do about spending, saving, credit, all of that. >> we let everyone know ryan will be here and they ask everything. >> free advi...

Deal. thats what your e-mail shows. >> okay. this was a small part of a ten-hour capitol hill grilling session of goldman sachs executives. they are accused of selling clients mortgage-related assets goldman itself may have been betting against. the u.s. justice department now opened a criminal investigation. we would love to hear what you think of all of this. share your opinions and comments on my blog at cnn.com/fredericka. well read some on the air later. lets turn to ryan mack, president ...

Actually have someone who has agreed to purchase your piece of property. you have to have proof to say this person, this property will be sold. are you prepared to deal with that deficiency? if youre $100,000 short, are you prepared to deal with having to pay back that balance of the loan if the bank does not forgive you? before we do that, bigger picture is making sure we are looking at our home as not an investment. it is an investment, but are you prepared to be with it for the long run? if y...

>> im optimistic about it. i do think they are a step in the right direction. the end responsibility is what can we do to protect ourselves and make sure we are doing the right research before we go to any advisors office. there are people more concerned about their bottom line than yours. >> one more quick one. what we get are a lot of very specific questions. i like this one because i think ive seen 50 questions on short sale over the past month. looking for advice when and when not to do a sh...

Management and ryan mack. first of all, why do we want to do this? what is the i.r.a. conversion? its happening right now, so youve got to seize the moment if youre going to do it. last it and who is it for? >> this year people who earn less than 100,000 a year can do this. take your old tax deferred money from your old 401(k) and put them into a roth i.r.a. that will allow you to grow tax free. theres a big difference when you take that money out of from a roth. you can argument that tax rates ...

at 4:00, we are looking at new movies on the big screen, including a trip back to elm street. same street, new freddie. youre in the cnn newsroom where the news unfolds live this saturday may 1st. im fredricka whitfield. two major news stories we are following happening right now. first, the oil slick that is creeping closer to the gulf coast. well show you where it is now, what emergency crews are doing to protect the shoreline and what this disaster could do to peoples lives and li...

related to the economic collapse and financial institutions played a big role in that and we share some of that burden. >> blankfein was in washington being grill bid senators against a backdrop of those s.e.c. fraud charges. the timing of these charges has led some people to question whether goldman and those charges against them is being spurred the pass sas saj of president obamas wall street renorm plan. and that plan is not without its share of critics. >> the reform plan may have...