Page 34 - 166000 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Put in more than $874 during their most productivity next years and then to $1,200. come on, get over this. this is guying. >>neil: you are saying, you want to protect the present beneficiaries even those who are to 10 years away from retirement. you are saying the adjustment comes from those who are younger, you are grandfathering those guys in but making it new for younger people. >>guest: we will doing the guys in the higher income level changing certain points, but the guy who has more will put in more. and that is the way it works. >>neil: you raise the tax rate, the fica limit? >>guest: ...

California. a report on a program that might be saving money but could be making a mess of the streets. >> reporter: 166,000 inmates are behind bars in california's 33 state prisons. in conditions so overcrowded, federal judges deem them horrific and demanded a fix. so under a prison reduction plan implemented in january, 6,500 inmates are getting out early. >> we have a current population ofbout 47 inmates, and it was designed for 2,300. >> reporter: 15 years ago, this building designed to be a gym was turned into extra housing. in fact, every building here at lancaster that can be used as ho...

We now live in the era of the iphone. >> according to bp, it's okay to use 1960s-era technology because now, because we have satellites and stuff, we're better at knowing where to put our 19 1960s-era technology. that's like if we were still driving ford pintos that exploded on impact. but now they have onstar in them, so when they blow up, we know exactly where to find the smoldering wreckage. this current disaster happened specifically to bp, but one of the things that's emerged clearly since is it could have happened easily to any of the five big oil companies that testified today, at least...

We now live in the era of the iphone. >> according to bp, it's okay to use 1960s-era technology because now, because we have satellites and stuff, we're better at knowing where to put our 1960s-era technology. that's like if we were still driving ford pintos that exploded on impact. but now they have onstar in them, so when they blow up, we know exactly where to find the smoldering wreckage. this current disaster happened specifically to bp, but one of the things that's emerged clearly since is it could have happened easily to any of the five big oil companies that testified today, at least, i...

That's not going to work. >> rolling in money from my unemployment check, can't do that? >> no. you can't do that, either. if you make too much money at that job you're out of luck, you can only contribute the full $5,000. if your income falls below $105 and 166,000 if you're married and filing jointly. so if you expect to make more than the income limit at some point in your career, you should open a roth while you're still young and eligible and opening up a roth ira is very easy. if you want to be conservativco invest in money market accounts and cds. use a brokerage firm or fund company an...