Will fare in 2015. We have the answer right here from davos switzerland. Ready to sale into retirement . Well tell you best places to live to stretch your retirement dollars. All that and more coming up on the willis report, where consumers are our business. Gerri we begin tonight with president obamas proposed assault on Popular College savings accounts. The white house wants to eliminate tax breaks for socalled 529 plans. You may have one. The 529, american as apple pie. 12 million mid he dill class families invest in to finance college. We have charlie kirk, ceo of turning point usa and roger michaud. A dynamite panel. You guys are perfect for this topic. I will start with the idea what happens to this money, what happens to this money if the president s ideas go through roger . Since 2001 the momentum weve built in terms of driving American Families to save effectively for college would come to a standstill. It will force students to show up years down the road at colleges without College Savings, looking to take on much much more student debt. Gerri more student debt less ability to pay for it. Charlie, to you. You know i heard from a lot of parents today. Theyre all really upset. What are College Students saying . Yeah. In preparation for this topic i must have gotten seven or eight text message without me reaching out from young people across the country are worried this specific College Savings account will be in jeopardy. I personally know 15 or 16 families, middleclass families use it as advantage to save and prepare for college. Lets really talk about what is going on here. President obama mentioned words middle class almost 15 times in the speech last night. This is not middle class economics. This is middle class warfare. These are individuals Small Business owners, entrepreneurs and individuals using this judicious saving methods to be able to save money and then make wise decisions for the future and i think this is an assault on middleclass americans. Gerri charlie, your organization is all about personal responsibility. Thats what 529 plans are. These people dont want to rely on the government they want to rely on themselves looking to put their kids through college on their own. I want you to hear directly from the president himself, the words he said about this program last night, take a listen to this. I want to spread the idea all across america, that two years of college becomes as free and universal in america as high school is today. So, roger, part of this, charlie is shaking his head roger part of this is the idea that were going to have free college, Community College for people. So maybe you wont need that much money to go to college. What do you think of that idea . A little early in the game to offer free college to Community College. Infrastructure is not there. There isnt Community Colleges across the u. S. Do not have the ability to take on massive increase in attendance overnight. Gerri you make a good point. Charlie, you were shaking your head. What do you say . Yesterday when i heard him say that i think its a false premise. He said high school is free. Has he looked at a property tax bill recently. Gerri hasnt seen mine . Exactly. It might be free for individual as student but his parents are paying a boatload in property taxes for high school. If you go cost per pupil theyre paying way more than in return or value. I say to the president about the whole free Community College idea. What this is all about is control. He wants to control sectors of the American Population at the federal government is currently not present in. His agenda is to grow government in all arenas. He is hyper focused right now on Community Colleges. Me as student with other young people around the country using these arenas right now effectively, it really spreads a lot of fear amongst young people. Gerri you were saying that you heard from a lot of folks. Let me tell you everybody is talking about this story today. Mainstream media ignored it but middle class is on it. They dont like it. Hear what the folks fox friends said. Steve doocy, elisabeth hasslebeck. Listen what they said today. Here is the thing that really bothers me about this. What . I made my final two College Tuition payments about two weeks ago. Speaking like from the heart of a dad and moms out there feeling same way. Wait a second. Were paying for more College Tuition for somebody else to the tune of 60 billion. Great deal but who will pay for that . Gerri roger, there you go, what about equity . What about people who maybe they just finished their last pates . I think what we should be looking back, the success weve had with the programs. Since 2001 when the tax benefits went into effect. Back then we had one million accounts and one billion in assets. Today we have 12 million participating accounts and 217 billion in savings all going to be used to pay direct student costs. Since that time, weve made 89 billion in distributions to pay direct college costs. Gerri there are literally thousands and thousands and thousands of kids in school right now maybe graduated last year, who got to school using a 529 plan. I just have to ask this question though, the real issue, charlie, its not getting tax breaks. It is not getting free money that will solve this problem. These schools have to reduce what theyre charging, right . Exactly. This is something you and i have a good dialogue about. Colleges at large need something consumers need every day and what this show really talks well about, that is competition and freedom of choice. I think that is what Community Colleges have been doing so well, is Community Colleges operated as a community. People come together and find out ways to lower cost so taxpayers dont foot an exorbitant bill. Four year institutions dont take that ideology. They keep raising rates and tuition because they know they get federal money infused. Community colleges work tooth because they have the taxpayer in mind. Four year institutions because they have the University President s in mind and board of regents and not students. If you take that kind of view of it, then you can say, hey, president obama, this free Community College is really not free. It will cost us, the taxpayer. Gerri wellput, both of you. Charlie, roger, thank you so much. Of course nothing were saying is to be nasty about Community Colleges. We love them. I think you should choose what you want, pay for what you want. I like to do it under my own head of steam without some Government Program behind me. Thanks to both of. You thanks for having us. Thank you. Gerri from a tax hike to getting your tax refund walmart wants in on the action. The retailer is offering a new service allowing taxpayers to skip the check and collect cash at walmart stores. With more on this, al gobo, certified Financial Planner and at u. S. Financial services. Al, welcome back to the show. Always good to have you here. I think this is genius by walmart this is company having a hard time getting people in the door but this is so smart. Tell me what theyre offering. What will they do . First of all youre right i think it is brilliant. When they asked Willie Sutton years ago why do you rob banks, he said because thats where the money is. Here you have a bunch people in the store, shopping and what better thing to do but give them money while theyre in the store. So gerri talk about the program itself for a second though because there are lots of tax preparers that work in and around walmart. These are the folks who would do your taxes. Correct. How much will it cost . Im reminded of refund anticipation loans so many preparers used to offer. So expensive. Are we going to be in a situation where people will be overcharged for this service . I dont think so. I think the tax preparers that already are in walmart, they have been doing this for years already, they offer in some cases free tax preparation if you are single, you dont have any dependents and if you file a 1040 ez which is the simplest form to file, they offer it for free. If you go above that there is fee for actual tax preparation. What this program is about direct to cash direct, number, two, cash, is if you file the return, whether it is in walmart or outside of walmart with about 25,000 preparers around the country who have the software they will actually give you cash up to 7500 of your refund. So gerri thats a big deal. Talk a little bit about who this program is for. Obviously if you dont have a bank, not working with a bank, perfect for you. You get access to your cash right away. I understand there is a 7 charge involved in this though. What is that for . They claim anywhere from zero to 7 fee which is a nominal fee considering the people as you said theyre either unbanked or underbanked. So they dont have that option. They may not have a bank account. If they go to a Check Cashing service they could be charged anywhere from one or 2 which could be substantial. To pay a couple of bucks is probably not that big of a deal. Gerri do you see any downside to this, al . Yeah. You know what . If youre a shopaholic and walking in, in walmart see, i dont think the person in walmart buying a fishing rod says i want to get my taxes done. I think a person says im going to go to walmart to get my taxes done. Once he gets a couple bucks in the pocket says im going to go buy a fishing rod. From walmarts point of view its brilliant. Get people in the store give them some money. Gerri i think they will get a lost response. Here is my view of walmart pretty soon i will go there pick up a dozen eggs cd, maybe that fishing rod. Lots of choices there. Al good to see you. Thanks for coming on the show. Great to see you. Gerri still a lot more to come this hour including get this, sex, lies and money. Do you lie to your spouse about finances . Coming up, how do you spot a cheater . Next up, advice on pet insurance, should you buy and what should you pay . Let us know what you think. Tweet me gerriwillisfbn or go to our website at gerriwillis. Com. Well be right back. Sheila you see this ball control . You see this right . Its 80 confidence and 64 knee brace. Thats more. Shh. I know thats more than 100 . But thats what winners give. Now bicycle kick your old 401 k into an ira. I know, i know. Listen, just get td ameritrades rollover consultants on the horn. Theyll guide you through the whole process. Its simple. Even she could do it. Whatever, janet. For all the confidence you need. Td ameritrade. You got this. Gerri its no secret pets like this one right here, theyre expensive. And a lot of that money goes to vet bills. Is pet insurance a wise decision for your money . How do you pick the right policy for your money. We have a expert here and her dog baby hope and is adorable. Wendy is ceo, woman, not the dog. She will give us advice on pet insurance. So i want to start with this idea of, good lord, almighty how much am i going to pay for pet insurance . First of all, pet insurance is like any other insurance except pets are considered property chat till. Gerri oh, my. When youre getting pet insurance you have to look at everything right . Just like all the information when you go get home insurance, whether you get your own health insurance. Gerri it is all details. I understand monthly premiums could be 25 to 100 buck. Over a hundred and copays, right . So when you look at it, also depends on rates the breed of the dog the size of the dog age of the dog. Gerri here is my question for you. You would know this. If you have a young dog, less chance you will need that i think but older dog you get the insurance, you start when the dog is very young. Right . So right now my dog is 10 years old. Im not getting pet insurance because it is really high. It doesnt cover preexisting conditions. Right . Gerri im sorry. Your dog yawned when you said that. Oh. The dog before this dog, my dog had spleen cancer. That surgery costs 12,000. I wish i had pet insurance right . Gerri 2,000, 20,000. Cancer 10,000 on lymphoma treatments. You can spend anything. I have seen people spend anything. Travel out of town to get care for the dog. Put themselves up in a hotel. Super expensive treatments. Do you think that typically this kind of insurance, a is worth it and b for any dog . Okay, first of all absolutely. In the last decade it has gone up 13 right . So when you think about what happened in the pet insurance industry, well worth it. If you have a young dog, absolutely get pet insurance. When you have a senior pet, you have to, not everybody offers insurance for senior pets. So absolutely think its a great benefit gerri cant stop looking at the dog. Because the cost, these are our children. So it is like, will you get your child insurance . Of course youre going to. Now it is affordable. There is a lot more options out there. Depends what state you live in. Gerri lets go there. Examples of pet insurance plans. We have to cut away from the dog for a second, i apologize. I want to show you some examples what you would pay. Healthy paws pet plan, a bunch of different options here and costs that you would pay and how much coverage you actually get. Gerri right. For you what i want to know is how do i check these out . Where do i go . So there is a couple websites that i, i trust because they go through everything. Depends also on the breed. Depends on the age. And also the size of the dog. So if you go to pet insurance review or consumer advocates, it has all the information. You read up about your breed and all of the different, you want to know, what is the copays what are deductibles . What will this cost me at the end, right . Jobs absolutely. Hidden charges with everything in life, right . If you just know and youre aware, i definitely say, you know what . Every pet should have insurance. Because cost of Veterinary Care is expensive. You never know when there i will be an emergency. Gerri wenddy, great job. I love baby hope. Let me pet, baby hope. You are a cutie. Yes you are. Look at that. I love you. Usually whether i say that she gets on her back. So funny. Gerri youre running the show. Were just looking at the dog. Just dog pictures, people. When we come back, yesterday, dont walk off. Predicted 5 gas. Todays guest takes him to task. 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Any time you talk about seven Million People having an account theyre keeping from their loved one, were talking about a significant thing. Were not talking about everyone doing it but definitely a lot of people doing something they should not be doing. Gerri as it is always true. You know i, i am kind of blown away by people who have secret accounts. That to me steps over the line. Reality of somebody buying something and not telling a spouse, that happens all the time. You dont look old enough to go to problem. Ive been married 20 years. People make expenditures they never tell their spouse bit. It just happens. Do you find that problematic in a relationship, is that an issue . Yeah, no question and it is something you have to address right off the top. My wife and i have been married for a long time. It is something we talked about before we got married and she and i were coming at it from from different sides and we end upped up having a conversation about it and turned out we werent quite as different as we thought we were and it was a very great conversation too few people have. Gerri the other eyepopping number from this, the fellows, the fellows are out there sneaking stuff and lying. More men 25 of men spent 500 bucks or more, 14 of women. This flies in the face of what people always say is true. What is going on here . Well it is interesting it does go against kind of stereotypes but in other surveys we done, we talked for example about impulse purchases. We found that men they may not shop quite as often necessarily but when they do they tend to go pretty big. And this is, i think another example. Gerri is it a slippery slope . If youre lying about this, are you lying about other things . It would certainly epup a can of worms it would seem. At a minimum your spouse would certainly say, well, hey youre keeping this from me, what else might you be keeping . Gerri agree. Matt thanks for coming on the show. Thank