was one who advised alan greenspan to raise rates when he didn't. she may surprise a lot of people who think she is just a dove. >> that's right. liz: thank you very much. hilary kramer. thanks so much for joining us. david: "the willis report" is next. gerri: hello everybody i'm gerri willis. this is "the willis report." the show where consumers are our business. hillary clinton finally answers critics over the state department email scandal. >> i wanted to use one device for personal and work emails instead of two. it was allowed and it was for convenience. gerri: has she put the issue to rest or will the crisis kill her dreams for the presidency for good. president obama pushes changes for student loans what he calls student aid bill of rights. >> this is executive action we're able to take to streamline, to improve the manner in which the federal government interacts with students when it comes to student loans. gerri: we'll look at the debt

forgiveness as student loan rates skyrocket. big selloff in the markets today as analysts warn it will get tougher to make money in stocks. >> we're muddling through in a positive direction but it is still muddling. gerri: wig bin for drivers. one big city ripping out red light cameras. >> half a billion dollars what this program so far has generated. >> coming up on "the willis report" where consumers are our business. ♪ gerri: we'll have more on the hillary emails in just a minute but first, a story nobody is talking about but poses risks for your money. president obama today pushing a new plan to ease student loan debt. now among the proposals, the ability to discharge student loan debt in bankruptcy. up until now that debt had to be paid back. the move comes on the heels of a new report which shows many people in this country are getting in over their heads again with all sorts of debt, not just student loans. with us now, to examine those

implications, moody's chief economist john lonski, "national review" editor-in-chief, rich lowery. welcome to you both. bang up panel for this conversation. john, i want to start with you. president is bushing student bill of rights. i have to tell you, this sounds like debt forgiveness to me? >> sounds like a bailout. the sad story you have a lot of relatively poor people get even poorer going ahead and borrowing money to fund an education that is essentially worthless. it is not providing them with a job. gerri: rich this is what i hear from people all over the country, with our email, you name it. why should we pay for another bailout? why should we subsidize another group of americans? >> whole system doesn't make sense. a lot of these loan programs they're helping spiral tuition ever upwards. a lot are get gets less than they were three or four decades

ago. the whole system needs a rethink. they don't need just ticky-tacky changes towards ultimate goal of debt forgiveness. gerri: you make a great point. you want to make a point. >> rich makes a point. that is going on with housing. that is going on with student debt. it same thing. we have to look at education we're providing students with. will it be worth anything over time or is it simply a waste of time? gerri: listen i have seen shocking things how much the kids are learning and what they're able to do. this is really sad. >> rethink. unfortunately the main credential in our society is four-year college degree. the kid at margin shouldn't be pushed necessarily trying to do that if it will take him six years or may never get the degree. he will take on a lot of debt. there should be other ways to to credential people in our society

besides that degree. gerri: federally backed loans, student default rate, 2.7%. this is not sustainable, is it? >> no it is absolutely not. either the government will have to subsidize the defaults or bankruptcies or this process will come to an end. when it comes to an end, there will be some education institutions that will fold with a curtailment by the supply of student loans. gerri: we've seen that with sweet brier folding in virginia. a well-known women's college. it is over. it is done. i want to move to another debt issue, credit card debt is up 55% in two years. what is interesting, rich lowery i, i don't think wage growth actually sustains that kind of spending. >> exactly. part of it is people feeling better about the economy which is a good thing. part may be disconnect we see good macroeconomic indicators at the same time people are not feeling it in their wallets. this may be the way that they're compensating in terms of their income they can spend.

they're going borrowing it. gerri: you know, we talk about growing debt. you and i talked about this a lot john. can these people sustain this kind of debt? >> again it's a little bit scary when you stop to think right now consumer credit approximates 44% of wage and salary income. prior to the financial crisis it got no higher than 40%. let's not forget about the fact that to an increasing degree, subprime auto loans are helping fund the growth of auto sales. so there are developments on this front. gerri: you are so hooked on debt. our entire society. talk about people 18. talk about people 25 35, 45. >> no savings. gerri: all across the spectrum, rich. it is not just, and it is just not americans. it is government too. >> it is a culture of borrowing that is driven and encouraged by at almost every level. government itself wouldn't exist if it couldn't borrow and didn't have massive red ink.

gerri: i want to talk a little bit about hillary clinton. i can't get away from it today. she finally made comments what is quickly becoming email-gate. rich he had who hands been listening to all of this. rich? >> former secretary of state hillary clinton said she met all disclosure responsibility and gave private emails to the state department and says all the email she failed to turn over is private. she installed a server in her home from former president bill clinton and decided to maintain the address at the state department. >> i opted for convenience to use my personal email account which was allowed by the state department, because i thought it would be easier to carry just one device for my work and for my personal emails instead of two. looking back, it would have been better if i had simply used a second email account and carry ad second phone but at the time this didn't seem like an issue.

>> critics point out clinton is the ultimate arbiter which emails are official or private. her defenders say that is government policy for all officials using private email. critics questioned the security of the clinton email server. the former secretary of state claims hackers never breached that server though the most successful hacks are those never discovered. separately the state department reacted. it will release nine hundred pages of clinton emails to the house select benghazi committee. it will release 55,000 pages of clinton emails after review process aides say will take several months. gerri. gerri: look forward to that, rich. appreciate your time. rich lowery to you, i have to get your initial reaction to the press conference today. hillary took a lot of questions from reporters. did not seem to be a very positive exchange yet strangely smiling through the whole thing. >> well, smiling a forced smile i would say. and what she is telling us basically too much of a hardship for her to have two devices when she travels with enormous

entourage of secretary of state. there would have been someone else to hold the other phone if that is what she wanted. she is relying on the fact she holds the whip hand in the sense she deleted all other emails apparently she didn't turn over to the state department and not giving up her server. how will anyone double-check anything she says. gerri: i want you to respond to sound we got from today's press conference. listen to hillary clinton. >> the system we used was set up for president clinton's office and, it had numerous safeguards. it was on property, guarded by the secret service. and there were no security breaches. so i think that the, the use of that server which started with my husband, certainly proved to be effective and secure. >> rich, i will come back to you on that. so the secret service is

protecting email communications? that is my first question. and then, she says that, this was used during her husband's administration. in terms of the internet, that is 100 million years ago. technology has changed and moved on. >> the secret service protects her house. if the north koreans want to physically assault the clinton residence and take server no they won't do that as rich edson points out the most successful hacks might be hard to protect. gerri: sony had it for two months and they were not aware of it. >> in blatant violation of state department's own regulation and practices of this. the idea she didn't think of about any other consequences or any of the legal rules and just did i had for convenience this is very careful and calculating woman. so i find that hard to believe. gerri: so here is my device. >> can you hold two at one time? gerri: i have two emails on this. how many do you have? you have more than one, right? >> i'm a technological naif so i

have one email. i have two devices. iphone and it pad. i somehow manage to make it through every day. gerri: john you work at financial institution here in new york. presumably you have high security. what did you make of what hillary had to say? >> what we know in the financial services industry that an email lasts forever, even if you think it has been deleted. it will be stored someplace. if somebody wants to look up what you said several years ago, they're going to find it. i believe, that if my boss was to tell me to have two separate accounts, one account for material that might be highly sensitive. and another account for sufficient that was fairly safe and later on regulators found out about this, regulators would not be pleased. >> no, i don't think so. rich, last word here. what are your questions coming out of this. >> this will continue to dog here. because the press clearly isn't satisfied. more substantial thing for her is in the long run is that this

just brings up, dredges up all of this stuff from the 1990s. it reinforces idea that this is candidate of past. gerri: whitewater. >> do we really want to relive all that drama once again? gerri: i agree. >> quickly, didn't hillary clinton when she was young work on watergate case i believe as young lawyer starting off. gerri: all back again. >> she should learn something from richard milhous nixon. gerri: 11 minutes. rich and john, great job. thanks for coming on. thank you very much. we want to know what you think. here is our question tonight. do you trust hillary clinton? log on to gerriwillis.com. i will share results at the end of tonight's show. a lot more to come this hour on a seriously down day at wall street. more scandal at the va. involving a social worker caught mocking some of the sick veterans she served. we'll have reactions. ♪

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gerri: another strike for the va. this time after a va employee sent emails to coworkers mocking veterans suffering from mental illness. those emails were obtained and published by "the indianapolis star." jesse jane duff a retired gunnery sergeant for u.s. marine corps and senior center for london center for policy research. she joins us now. jesse, i want to show you emails. there are pictures going with them. they are done during the holidays. put up the first one. having difficulty reading that. self-medicating for mental health issues. when cns -- has requested script. there is a little sign, which is the point of this. below. is a that's, out of xanax. so, you know this is elf we see all the time at christmas. a nasty little, out of the xanax. it goes on and on. this is the idea though.

it sounds like she have making fun of people she is supposed to be serving. >> yes. it is very offensive because reality is, is that posttraumatic stress disorder often known as ptsd and depression are very common ailments many returning troops suffer from. i want everybody to keep in mind the veterans administration did not recognize ptsd until 2009. that means all of the veterans prior to that time really suffered. world war ii, korea, vietnam and other operations got no care. gerri: but jessie, at issue here tonight the social worker who is supposed to be taking care of people veterans, who returned trying to transition to a private sector life a private life. >> yes. gerri: and she is sharing these kind of emails with her coworkers? what do you make of that? what is your reaction? >> shows absolutely disgust on my part for care of veterans. shows me they're very aleve.

they had not held her accountable until this very month. in fact until day. this happened christmastime. where are they patrolling, policing their own. this should have been addressed at christmastime. they're making a joke about suicide, having a elf hanging from christmas tree lights killing himself. i find that appalling. >> we've got that picture. one of these little elves from the holidays. she is showing them hanging from christmas tree lights. i just feel like wow, if this is attitude commonplace in this hospital, what kind of care are people getting? >> i just commonplace throughout the veterans administration. i hate to say that i think there are many great health care workers out there within the va who have done great service. too many risen to the top for discrepancies and things of this nature. that have really destroyed morale of all veterans. many veterans told me on twitter many times the va is where you go to die. they have got to abolish that mind set that everybody has about them. gerri: oh that's terrible. well, i can tell you this

employee, the social worker has been removed from her post. her name is robin paul. she is on administrative leave. no longer working at that hospital. that is good news tonight. but what needs to be done going forward? this is a very common problem as you so expertly described. >> yes. gerri: depression, suicidal thoughts, how should these people be handled? >> they recently pass ad veterans suicide prevention act but i want to see that law go into effect immediately. what disturbs me va had to get a signed law passed by legislators last month to prevent suicide. what they're going to be is be more efficient, effective, one-stop website. $10 billion set aside for veterans to get private care is not reallocated into other va programs which the obama administration, 2016 budget is trying to do. veterans should be able to get private care if they can not get mental health care immediately at a va hospital. so right now, i'm not impressed

about what is going on. i feel this health care worker will be on administrative leave until we all forget about her. we don't know if she is going to get fired. gerri: here is what the virginia medical center director said, va medical director sent. email message sent out by miss paul is totally unacceptable. we take great pride in walt of care and empathetic outreach we provide to veterans we have honor of serving. well hard to prove it by the way people are acting, isn't it, jessie? >> they should have done that back at christmastime. shouldn't take press to bring it to their attention what they should already know. we'll see if she is on administrative leave as long as sharon helman was who had 40 veterans die on her watch. administrative leave for six months is unacceptable. gerri: 22 veterans a day, estimated suicides. not acceptable. not acceptable. >> yeah. gerri: jessie, thank you. >> thank you very much, gerri.

gerri: what a sad sad, story. why chicago is putting brakes on the controversial red light cameras. investors continue to be terrified of the fed's next move, wiping out all of it year's gains. we're watching out for your money coming up. ♪ it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data

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you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. gerri: stocks tumbling today. dow down 232 points. investors continue to grapple with the idea that the fed might be ending the party. we have david nelson. welcome back to the show, david. why have we had such a selloff? >> there are several issues. you brought up the first one. people are starting to anticipate a possible fed move before the june meeting. i am not in that camp.

i think they have been very clear about what they want to do, but nevertheless headlines are out there. that spooked investors. number two issue is this rising dollar because it is wreaking havoc not just on earnings but on a lot of things for corporations. gerri: well if you're trying to sell stuff overseas, you are hard-pressed to make money. >> pretty tough. hearing it in conference calls, everyone of them. gerri: talk a little about the six-year-old bull market. that could be end of this? >> well, that is a big call to say this is the end. gerri: that's what i'm asking. >> i'm not ready to go there just yet. it is hard for me to argue a case for indices. they're not terribly expensive but they're not compelling either. gerri: why the no? >> the valuations, you know about 17 times for regard earnings. you have interest rates that are about to go up. that will likely put pressure on multiples. we came into the start of the year with 7% growth. that is being slashed because of this rising dollar. so it is hard for me to make a case for that not having trouble

finding stocks but list is getting a lot smaller. gerri: we were talking about rates all eyes on the fed when will rates go up. june as they largely said them would do. let me ask you. you say they can't do it right now. why? >> we were talking about it, there is language in there, they have to remain patient. they have to remove that language first before they can raise. number two they don't want to spook investors. gerri: what about rage wages though? can you raise rates when wage growth is nonexistent, when the employment market is still punk? >> you hit on really important topic. a lot of people were talking about the great jobs numbers. the hole in that story is wage growth. it is almost nonexistent, 0.1%. the fed would like to see that higher. that is key component inflation. they're targeting two%. we're not getting it. that is the achilles' heel of this economy. gerri: you talk to investors all the time. what would you tell people tonight as they look on the market trading south? a you will about market little

long in the tooth possibly? what should folks be doing? >> i think you have to stick with your gameplan. if you're trying to trade in and out of the market on daily basis, there are managers with tactical strategies doing it professionally. if you're trading the tape on latest headline you will probably significantly underperform. have asset allocation strategy that will weather you through rocky roads. gerri: every time i buy something on the i get screwed. it doesn't work. >> sell something on the news. wake up next day it is infinitely higher. >> trading the tape is not the way to go. gerri: as you look forward, a lot of people are on cusp of retirement, maybe they're just in retirement. these are critical times for them. they're worried 2007 and 2008 will happen all over again. what would you tell them? they're worried about stocks tonight? >> i think, should be worried about bonds as well, we're going into hikenning interest rate. there may be no safe haven. if you're not diversified and just you're pushing edge of envelope because you

underperformed over last 10 years and trying to secure that retirement, don't do it. you have got to have assets diversified. do not put all money in stocks. not all in one asset class. you can't do that. just too dangerous. gerri: stick to your guns. stick to your plan. >> right. gerri: david great to see you. thanks for coming on the show. >> thanks for having me. gerri: coming up, delta makes changes to the rewards program that actually benefits you. we'll explain. another victory for consumers. chicago agrees to take down the sneaky red light cameras. don't you hate them? will other cities follow? we'll have a live report from the windy city. stay with us. ♪

♪ gerri: welcome back to the willis report. in a moment, a scathing report on obamacare. but it's time now for a look at other stories in the news. target says it's laying

out 1700 workers and eliminating 1400 open positions in hopes of saving $2 million. today's announcement puts the number on -- target says the cut-offs will be at its minneapolis headquarters. prescriptions are jumping. express script says the gains were the result of pricing specialty drugs which accounted for 31 cents out of every dollar spent. but only 1% of all prescriptions. some of those specialty drugs treat hepatitis c and multiple sclerosis. north carolina's top officials say the amtrak accident could have been averted if someone called the number and reported the stuck train. pardon me. the stuck truck. reports say the truck was on the track for five to eight minutes. officials say it would have taken one minute to reach the train crew. it doesn't look like the nfl will be going to la any time soon. planes have abandoned for a stadium in

downtown la. there was no reason given by the developer which spent five years and 50 million on the project. those are some of the stories in the news tonight. and in chicago they're doing what many drivers across the country wish ever city would do, removing some of their red light cameras. as you know these cameras have become a bonanza for cities looking for extra cash revenue. jeff flock has details. >> no more than bigger a bonanza than in chicago. half a billion dollars taken by cameras like this. 300 of them in chicago. two cameras, one that gets the car going through the red light and the other gets the license plate. there are lights that i ill illuminate this at night. some have suggested this is a ploy. right now emanuel is in a serious election runoff battle that he didn't think would be as

series. his opponent said he would eliminate all of the cameras. emanuel only took down 50 of them. just last week moody's downgraded chicago's debt. here what they said as they downgraded. the negative outlook expects other expectation. as unfunded pension liabilities grow and exert increased pressure on the city's operating budget. indeed, they need the money. (?) i'll tell you gerri this is not a good time to be taking the cameras away maybe. take a look at the debt out there. this is what moody's cited 200 billion in unfunded pension liability. 8.3 billion in general bonds. half a billion in sales tax uncollected. 260 in gas tax. i'll tell you, the opponent you see it over there in the taco shop. chewy garcia. the mayor's opponent. rob emanuel didn't think he would be in a big

battle. but he is right now. maybe that had to do with the cameras going away. (?) >> you're flexible. what was the reaction from drivers? they must love this. >> they do. i'll tell you, public opinion about this has been clear. they want to get rid of the cameras. of course, this happens all over the country, but it's become this huge revenue stream. the mayor said it's about safety. but we don't want to give up the money. at this point, i guess you'd rather get elected than give up the money. >> so, jeff, before you go, i have to ask, any indication at all that this will catch on in other parts of the country. we have them in new york city, and i don't like them one bit. >> at the start, polls seemed to indicate that people liked it. if you go through a red light, you should get nailed. then you get a ticket there are extenuating circumstances. this is a an intersection that's busy.

there are people that go through the red lights. maybe they should be penalized. if it happens to you not so much fun. >> jeff, looks like that guy went through the red light. right on cue. you have the people lining up helping you. >> and fortunately this has been disabled already. the city took it down. he lucked out that guy. >> savvy driver. jeff thanks for coming on. >> see you gerri. gerri: when we come back, a look at what obamacare would look like without the you subsidies the supreme court might cut down. she got the truth about the websites letting you pick your airline seat. guess what, it's a bunch of stinky lies. here's your consumer gauge. we'll be right back. ♪

>> long wait times. limited doctors. those are just some of the unintended consequences of obamacare. and now, depending on what the supreme court does a new government report finds that 8 million people can lose their subsidies. dr. marc siegel says even with the subsidies obamacare is not a bargain. you kept talking about being in the medical trenches. you know what's going on. you know how people are living with obamacare. tell me, what is the impact on individuals? >> well you know, the subsidies aren't going to direct medical care. that's the key issue. there maybe a tax credit that you get back. it's really a way of keeping profits to the insurance companies. let me give you an example. just today, i got an email from a patient i've known for ten years. something happened to my shoulders, gerri. my shoulders hurt. but i can't afford to see you because i have a 5,000-dollar deductible. can you tell me what to do.

i care about the guy. i spent hours back and forth trying to find a guy that would take his insurance that i could get them to see him. finally i had to call in a personal favor. >> you can't even use your specialist you liked. the one you vetted and worked with for years. you have to find somebody in the network, somebody you never met before. >> that can make the difference between great care and less than average care. people out there know this. you walk into the doctor's office it's changed. more administrators. more people with bottom line thinking. less time with the doctor who is spending his time at the computer. >> you say that's all you get to do these days. half your day trying to figure out how to fill out the forms. >> and try to make sure you get paid something. because the insurance companies are trying to to cut you out of that as they always have. choosing from that narrow network. well i give discounts to a lot of patients. the first seven times i see you, it gets sucked up by the deductibles.

>> these subsidies aren't covering much of anything. from the flip side, people say they can't afford it. maybe the subsidies aren't enough. but at the same time, maybe they can't afford your care. are we getting people more care or not? >> the subsidies aren't driving down the deductibles. that's the bottom line. they're going to the insurance companies who are saying, if i have to take on all these people and this is all i'll get as a premium, i'll get it. that comes out of the taxpayers pocket. quality of care has gone down. and access to care has gone down. >> one of the things i've noticed and doctors complain on this show all the time about i'm spending so much time with the paperwork and trying to figure out how to get people through the system. they're super frustrated with the -- how they have to operate. we see there's a big shortage of physicians now. >> by the way, i want to tell you a secret on the electronic primary care records. i'm the person that has to spend half an hour documenting every detail so that a specialist can

zoom in. >> walk in and -- >> that's right. and on top of that, you made the point that there will be a 90000 shortage of primary care physicians like me by 2025. that's more of a mess. we're going to see nurse practitioners who are excellent but don't have the same training as i do taking over for most family docs. >> for years i've had a family physician. someone who has known me for a long, long time. it's my biggest fear that i won't have that person. i'm not getting paid anything. i'm being forced to take obamacare -- whatever it is. that they'll get out of the business. >> well, gerri, you're a delight. they may spend time schmoozing with you. i may still do that. if 60 percent of the time is filling in blanks on a computer screen, you won't have the care anyway. >> i think it's quality of care. we appreciate you coming

on. we know you care about your patients. no question there. thank you so much. >> and some good news for those enrolled in delta's frequent flier program. the airline is updating its sky miles program offering lower rewards for 10,000 miles each way. welcome back to the show. very good to see you. you're telling me delta is doing something that we'll like. really? >> well they're sort of doing something that we might like. scaling back to 10,000 miles for select one-way tickets. you need to book at least two weeks in advance. it's only on short haul routes. you can fly from atlanta to ft. lauderdale or phoenix to los angeles for 10,000 miles if you can find it. you have to do searching. it's not that easy. >> not everywhere. not by a long shot. why are they doing this? are they getting competition? >> yeah they're getting

some competition from united. united dropped it down to 10,000. so delta is basically trying to match them. it will be kind of interesting to see how it goes because delta is the one that is really strangling frequent fliers with the redemption costs these days. >> yeah, these programs aren't what they used to be. that's for sure. how far in advance do i have to make this ticket? >> it's at least three weeks in advance to get the 10,000 miles if you can find it. >> if you can find it, that's the trick right there. >> right. gerri: i want to talk about this story about airline seat maps. so when i buy a seat on an airline i'm going somewhere seeing my mom in north carolina, whatever i'm doing, i'm always looking at those maps. you're telling me they're not accurate. what's going on? >> well, they withhold some seats from those maps when you go on and try to pick your seats. no one wants the middle seat in the back. you try and pick the best seat. if you don't have a lead status, you have to pay

for certain seats. so airlines are withholding some seats from people before they get randomly assigned so they can try to make money from people who don't have elite status to get them to pay top dollar, 15 to $150. >> i get it. this is about keeping elite status people in their place. the big complaint i hear all the time, that families aren't able to sit together. is this part of that? >> this crushes families because like i said the middle seats are generally free. a lot of times aisles, windows and certain exit and premium economy seats cost money. if you're a family of four who want to sit together, you won't be able to do it. that's one of the things you have to ask somebody to switch seats for you. >> how do i fight back against this kind of stinky lying about the seats that are available? >> well, the easiest way

is to have elite status and you can get the seats you want. >> okay. maybe i'm not a frequent traveler. maybe i spend my time in the americas. what then? >> it's not a terrible place to be. you want to continually check the seat map. they continually release seats as they go unsold because they want people seated. they do so all the way up until your flight. you can get seats for free but not in advance. get to the airport early. and ask for a particular seat. when they're randomly assigned, they'll think of you at the gate. that's probably the best way to do it. >> the computers are deciding the pricing. right? >> yeah. like everything else in the world, computers make the decisions in the world these days. it's certainly like that for airlines. they quote the prices and the seats. they randomly assign it to people when it's your turn. if you can get there early and you can talk to someone and they like

you, they can give you the seat for free if it becomes free. >> still to come, making his dream come true i'm joined by a recent college grad who says he will retire by 40. he's paid off his college debt, people. he'll tell us how coming up. ♪

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gerri: for many americans the idea of an early retirement is a pipe dream. but not for one young entrepreneur from iowa. he has the plan to retire by the age of 40. how he'll do that is 23-year-old thomas frank. the founder of college info geek. welcome to the show, so good to have you here. we'll talk about your

retirement plans. first, we've spent a lot of time talking about college debt. your college debt is gone. how did you get rid of it? >> i only had $14,500 in college debt. i had scholarships which a lot of students don't know they can win college scholarships in their career. i've been building my business for three years at that point. i was able to bring in income. sock it away at the debt. >> you're living with roommates. right? >> right. >> you're doing everything you can to save money. a lot of ramen noodles. >> a lot of rice and eggs and cheap food. >> so you paid off your debt. now your business right now is a website. right? >> right. yeah, i do articles. a podcast, and a youtube channel on helping students study better. >> that thing is going great. now, you currently are making something close to $70000 a year. right? >> right. >> through this website and your speaking engagements, let's talk

about how you'll retire at 40. are you crazy? >> maybe a little crazy. living in iowa it's cheap cost of living. if you can set up systems that automatically set up money every month. if i can get my income to 90k a year, it makes it possible to save 22, 2300 a month. in 17 years 900,000. so something called the 4% rule. take about 4% of that retirement account as a living expense. if you do that, it will still grow. 900,000, 36k a year. iowa, pretty comfortable living for two. if i have kids i'll have to change the plan up. works for now. >> i admire you. you're doing the right thing. a lot of people have plans coming into 2007, 2008, and they got derailed by the stock market. are you prepared for something big like that happen? >> eisenhower said plans are everything, but plans are nothing.

every year the plan needs to be looked at and changed as necessary. if the market crashes, i want to rely on my skills and leave it in there. it dipped down. it will go back up. >> you can buy cheap. the assets will be each cheap. what other goals do you have? >> i have the impossible list which got inspired by my friend joe. it listed goals for every aspect of my life. travel, building businesses, charity goals, everything. >> why is it that i feel i'll be working for you some day thomas? it seems like you're really prepared for the future. here's what i noticed in talking to you, i don't find the same concern for debt. i don't find the same worry about, you know, kind of the -- you know the albatross that long-term debt is. with people who are your age. you seem to understand it. but why don't so many people your age get it?

>> i think it's because we have scope insensitivity. we're told college is an investment. no matter what it costs. the education is what you need to get. we look at $80000 or $20,000. each number is equivalent in the mind of a freshman going into school. the authority figures say it's fine. take it. you graduate. only then is the actual monthly, you know, per month cost hitting you in the face. so you have four years of sort of putting that off in your mind and seeing it as -- >> i think that's absolutely right. nobody thinks about the long-term. people balk about paying a dollar for a gallon of milk. they're happy to pay a ton for education. people are willing to pay anything. it shocks me. thomas great to meet you. now, we want to know for you. hillary clinton saying she opted for convenience when she used her personal email account while secretary of state. do you trust her? here's what some of you are tweeting me about our poll question. tim: let me check.

no. brian: no. she needed a private account to give an excuse for deleting emails. david: no the blackberry she used can be used to handle multiple accounts. about carrying two devices, that's nonsense. tony: our governor functions by using internal policies that are convenient for the officials. in addition to following me on twitter and facebook, be sure to like fox business on facebook. here's some of your emails. gene from new york: we could save a fortunate if they would institute term limits. cut many of the perks they get. let them contribute to their health care. the same as everybody else. turning to mcdonald's sally says: the only reason i stopped going to mcdonald was because my kids are older now. when i go, the service is terrible. i get the wrong thing from what i ordered. i wait 15 minutes in line. four times in the last month. done there. it's all about the

service. that's what you said and i agree. jack from arizona says this: i like mcdonald's. they have great coffee salads burgers, fries when i want them. the employees are friendly. many are rude to young learning servers. >> we love hearing from you. send me an email. gerriwillis.com.

gerri: do you trust hillary clinton? that's the question we asked on gerriwillis.com. 5% said yes. 95% said no. oops. two major fast food chains are making major moves to become healthier. mcdonald's reportedly plans to introduce kale on its menus. according to restaurant analysts, the trendy leafy green will be featured in salad or smoothies. meanwhile burger king is dropping sodas from its kids meals. it follows mcdonald's and wendy's. it will offer skim milk, chocolate milk, or apple

juice. don't forget to dvr the show if you can't catch us live. "making money" with charles payne is coming up next. we will see you here tomorrow. have a great night. ♪ charles: i'm charles payne and you're watching "making money." the confusing money of economic interpretations and the assumptions. that's what makes markets. making matters worse is when good news is bad news and vice-versa. the narrative that the us economy is so strong that it needs to be slowed down by an interest rate hike at this point in my mind is absurd. the fed wants 2% inflation. this is what your wages are up. about 1.6%. they want the inflation to go up? in addition to the wage situation this wages recovery, we have wide swaths of the population not working at all. this is serious. 31% of the