Page 27 - 401 K News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Amy and tammy are also with us. steve, let me start with you. on that topic of adjustments, i asked the vice president what specifically do you recommend people should do? should they skip a utility bill? he couldn't say. i'll ask you. no what adjustments have you had to make? >> i've had to cash in my thrift savings plan a couple times. that's the 401 k for federal employees. this is the second time. >> are you mad about that? >> yeah. i'm fuming mad about it. it's going to affect my long-term retirement. >> did you feel like you had any other options, steve? >> no, not at the time. and not n...

401 k retirement statements aren't coming out. a lot of -- there is an indirect implications that retirement savings can get hit. that's when things get consequential in politics. >> i wanted to get your thoughts on another part of the anti-isis coalition. the highest civilian official who is kind of the person who brought the coalition together under obama, maintained it during the trump years, he has resigned in protest. the president tweeted that he didn't know him and called him a grand stander. so it seems odd that the president wouldn't know the top point man in the administration who is...

Recession? >> a bear market does not always foreshadow a recession. and things still look strong for next year, but not as long as they are today. that's what investors are worried about. don't forget there is a trade war. that could go either way. that could be a great thing for the stock market or really terrible. interest rates are rising and global growth is slowing. these are things to contend with for investors. >> a lit of political implications as well because the president has staked a lot of his success on the success of the market. >> if you are running out and trying to remember wh...

Us out here live. >> good morning, good morning, good morning. ainsley: what kind of an impact will this have. >> the democrats want to reverse the tax cut and roll back deregulation. they want to put a cap on growth. that's what they would do. they are saying the tax cuts and the market rally only benefits the super rich. so reverse it. this is nonsense. i have got new numbers just in that show there are hundreds of thousands of people in america with a million dollars in their 401 k or their ira. there are 55 million americans with a 401(k). 35 million with an ira. all of them, almost all of...

Of god has been revealed to me. they're not al capone's closet. i think it is a sad state of affairs. intreupbzically in our history, this history of slavery, of jim crow of just pernishes behavior against all types of others and that's something we never really addressed as a nation and they just want to look the other way for great economic numbers. my 401 k went up 3%. >> actually there are studies that show the whole thing about the economy -- >> economic anxiety. that would happen in starbucks. charlottesville. you will not replace us.