Page 39 - Ryan Mack News Today

Understood in the great depression the one thing they did not do is spend enough fast enough in order to stimulate the economy in order to create sustainable growth which obama and bernanke are doing. >> so, jeanne, why is this package viewed so negatively by so many in the country one year later? >> well, i think that the democrats didnt necessarily sell it as it was, you know, throughout the year. they went off and did health care and then came back to jobs. you know, 2 million people may have...

exclusive to best buy. all right. tony harris, you ready to pick it up from here? >> yeah, we put together a really terrific panel to talk about the stimulus one year later. im sorry, the recovery act one year later. all the names escape me. im kidding, its a terrific panel. thats happening next hour. have a great day, kyra phillips. >> see you tomorrow. it is wednesday, february 17th. here are the top stories for you in the "cnn newsroom." federal stimulus dollars hard at work. an...

And it allows this compounding effect to grow and grow and grow over time. >> and generally speaking, its easy to understand, a 401(k) or a 403(b), because youve got somebody at work you can call. probably have some website you can go to. an i.r.a., ryan, it gets one level of greater complexity, because its one removed from your workplace. but can actually be more beneficial. there are a couple kinds of them. whats your thought on i.r.a.s? >> well, basically, in terms of the traditional versus t...

Much away. and you know, dont discount, its easy, it comes right out of your paycheck. you dont miss it if its that easy. >> thats one of the benefits. its not just the tax benefit, the idea that its disciplined saving and were not a saving culture. were certainly becoming more of one after this great recession, but the reality is, if you dont see it, you may not miss it as much. >> the thing that people need to understand, also, is that money grows on something called the law of compound return...

Dont have a lot of income at that point, so dont have a lot of tax in a traditional i.r.a.. >> yeah. and sometimes individuals are saying, should i put money in my 401(k) and my i.r.a.? i advocate for both. at the end of the day, ross perot versus the average joe pays less proportions of his income taxes of his income. we may not be billionaires, but we have access to things like the i.r.a. where we can minimize our taxable base like the i.r.a. and 401(k) programs. >> donna, what do you think? >...

"money" magazine. and mitch tuckman, the founder and ceo of market writers. there is some good news out there for anyone with a 401(k). the match is back, sort of, kind of, for some companies, or will be soon. this is according to a new survey from hewitt associates. 80% of employers which had suspended or reduced their company match in the 2009 401(k) plan are going to restore it in 2010. some of them, like american express and other companies have already done so. what should you be doing to m...

Maybe get some discounts. thanks so much for being with us. ryan mack is the president of active capital management. and mitch tuchman, well have you back to continue this. with all the kids shoveling snow, the snow shovels that have been bought, the salt thats been purchased, youd think that these blizzards would be great for the economy. why it might not be. ♪ i am stuck on band-aid brand ♪ ♪ cause germs dont stick on me ♪ only band-aid brand plus antibiotic...

Ryan mack, lets start with you. the 401(k) is free money. they tell you theres no free lunch out there. theres very little free lunch and the 401(k) falls into that. >> the bottom line is i havent heard someone say i havent put too much money in my 401(k). we always here i never put enough. we have people breaking doors down to get free things over christmastime for play stations. we need to start breaking down doors. this is time to make sure by the time were 65 we can kick back and make sure w...

Youre 65, you have a lot more money. as a matter of fact, if you wait ten years and you start saving at 35, you only have half as much money. its really important to put this money away tax-free as donna and ryan are suggesting and do it as young as you can, and if youre going to get a match, again, its free money and it allows this compounding effect to grow and grow and grow over time. >> and generally speaking its easy to understand a 401(k) or 4034 4 40 3 b that you can call. there are a cou...

kumaritashvili. stay with cnn throughout the day for the latest breaking news. meantime, "your money" starts right now. welcome to "your money." we begin today by examining when debt becomes dangerous. for your personal debt, well show you exactly what the new credit card rules will mean to you, but first we want to look at what it means for the united states to be spending trillions of dollars that it doesnt have. when does the bill come due, and what are the consequences? were jo...