biker goodland gives us his take. and the fiscal cliff will be talked about. stay with us this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero artbur cheryl: lawmakers have a new cheryl: we have been reporting a lot on what tax deductions may be on the chopping block. the latest tax break up for discussion. onof the biggest ones. and that is your retirement plan. the amount of money that the irs allows you to contribute into your 401k is a $17,000 per year. that will probably change. peter barnes joins us now with the details. >> hello, that's right. both republicans and the president is talking about putting all kinds of tax deductions as part of talks on tax reform and the fiscal clifff and, as you may recall, the president has already proposed doing this for higher income earners. he did it in his budget for 2013 that

biker goodland gives us his take. and the fiscal cliff will be talked about.with us i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ can i still sp a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. maybe you want to incorporate a business. orrotectour family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states wth every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. cheryl: lawmakers have a new target. as they try to fix the fiscal mess, is your retirement plan about to change cheryl: we have been reporting a lot on what tax deductions may be on the chopping block. the latest tax break up for discussion. one of the