Page 33 - 401 K News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The thanksgiving table. i'm pretty sure you can't eat it once you've named it. the markets, kicking off a day after a record, i'm talking about universal record high. the dow jones broke above 19,000 for the first time ever. and a first for the s&p 500 trading over 2200. i want to get more from msnbc's ali velshi. >> santa came out it was that exciting. 19,000. just to put this in perspective, we have a dow board. the s&p 500 reflects what more people have in their 401 k, it also hit a record. for perspective, if you invested money in 2005, for the next ten years until 2015, every year you ave...

And then he couldn't invest that in the same way most people can. he can invest it as if you had a 401 k broadly in the market in stocks or bonds. in things you can't have immediate impact upon. he can't take the big chunk of money he gets from investing it and then buy some highly specific investment that he could, again, have influence over. so even that he might have to put into a blind trust. a blind trust means blind. means you're covered. you can't see what it is. you give it to somebody who liquidates and then manages it in a way that you can't consult with them on. that is something th...

The accountant. go and see the accountant or cp a as. there's a lot of loopholes. >> so the first that you see is differ and detukt. >> so there are different policies and by now most have heard about i ra's or 401 k. the idea is to let the money work for you. the bottom line is that if your money is not working for you, you will never get ahead. these are two different tax ways to put them together. 401 k is the best because the employer will match. we call that the free money. >> yeah, you say we can hire them and get them some money. it has to be legit. >> yeah, it went back to a lot of kid...

>> the effort is led by new york law makers and everybody on the hill has a constituent covered by the program. there is someone enrolled in the world trade center health care of 429 of 435 directs. >> a massacre in charleston, south carolina church. shocking allegations against the prime suspect's roommate. could there be another arrest in the case? federal reserve considering the first interest rate hike. it doesn't seem to have the street bothered right now. up 111 points. what does it mean for your 401 k?

>> it will affect the world, but let's get the perspective that's why you're seeing it in the morning. >> you're ale local analyst. that's why you can explain it. why is my 401 k to teethered in china? >> well, you're looking at the echos in 2008. when we stopped to buy stuff and the economy tanked, that affected china. they had to start a major program, and they went very much into debt. they have a 3,700 percent and that's over 300 times in the u.s. that's blowing up, and it's coming at a time that the governments are out of the ammuniti ammunition, and they have spent a lot on the economy. ...