i.r.a. and a 401(k) or a regular i.r.a. or a 401(k), you're basically deciding whether it makes more sense to pay income tax now with a roth or wait to pay income tax once you've retired with a regular account. in other words, you have to figure out whether you'll be the in the higher tax bracket after you've retired or a lower one. this is a complicated question and has a lot to do with the specifics of your situation, your career, and how old you are. a quick rule of thumb, for anyone whose marginal tax rate is 25% or less, which is most of america, i think you ought to go with a roth. better to take the hit up front than allow your roth i.r.a. to compound tax free for the rest of your life. for those of you who don't have the time to pick your own diversified portfolio, the smartest thing you can do is park your money in a low-cost index fund that mirrors the s&p 500. as you get older, you can add actually retire, stocks should make up the majority of your retirement investments. i know i've said this before, but i'll kee

when you either in your 401(k) or i.r.a. or in your discretionary investing account put money into things like treasury accounts, you're taking the money off the table. you're saying i won't use this money to generate more wealth. i want to keep it safe. but you can't have it both ways. either cling to safety and when it's time to retire you don't have enough cash or you take risks in stocks when you're younger and go for the higher returns that will enable you to retire healthier and happier. believe me, while money can't buy happiness, being broke is a sure way to be miserable. i'm not saying there's no place for bonds in a retirement portfolio, there is. as you get closer to retirement you should have your cash cordoned off into something approximating a risk-free zone because you'll use the money shortly but stocks come first as an option to much later in life which is so different from the old days when pensions were bigger, life peck sanity was shorter and interest rates weren't being slugged down and the european econo

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the money goes into what is known as a simple i.r.a. or a sep i.r.a. to put in to a traditional i.r.a. or 401(k) and is the money then taken off the top so it is not taxed as it goes in? >> well, actually, we do traditional and roth. one of the things a sep allows you to save up to $53,000. our target market, there is 80 million people with retirement plans in the us us that are 401(k)-based. a larger market than that and 54 million who have no plan whatsoever. in a lot of cases, these are low income wage earners, people that think they can't save. we have adopted this software methodology. so they can save -- >> does my money reduce my taxable salary and are there any income limits for that to be true ? >> so, yes, various income limits. it calculates everything for you. the advantage to something like a roth i.r.a. be, a lot of people may need to get that money back. if they need an emergency, they can get it back out too. they want people to remember this is their money, and our software is designed to make it easier and more efficient for them to m

fantastic thing in the 1970s was not to be a rock star but to be a revolutionary. >> unlike the i.r.a. orps, the red army faction kills selectively, prosecutors, bankers, leaders of the society they wish so fervently to destroy. >> they thought the more high profile the assassination or kidnapping, the more likely that this would start the revolution, that the spark of violence would catch on. >> although only 61 years old, the former premier of italy kidnapped in a bloody shootout two days ago in rome by a bunch called the red brigades is nowhere to be found. >> moro's kidnapping has hit italians hard. the attitude that the chaos in italy is somehow the natural state of affairs here is no longer acceptable. >> the whole idea with these attacks is to shake the confidence of the government. and they did. >> italy's police are struggling to maintain law and order, and they appear to be no match for terrorists who, in the last six months, have gunned down judges, journalists, business executives, politicians, and policemen. >> alder moro's body was found in downtown rome today. the italian p

if you put the money he inherited into the i.r.a. ormarket, he would have almost as much money as warren buffett as opposed to what he has. so the debate is up. i will say this too. he's for right to work, which would gut labor unions in ohio. he is has said numerous occasions, wages are too high in america. he's not for minimum wage. now democrats aren't campaigning against donald trump. we're not talking about his bankruptcies. we're not talking about him starting a mortgage company a year-and-a-half before. we're not talking about his views on labor, organized labor issues. and once those folks in the building trades and the labor organizations hear he's for taking their right to collectively bargain away, they're going to have a much different view. because it goes right to the pocketbook. it's not this incendiary stuff. it's about pocketbook issues. and if he is the nominee, we'll be spending a good deal of time educating those members about where he really stands on the issues. >> as we wait for donald trump's plane to land near d

pif you start, even if you start pat age 50 or start at age 40, pyou can get some pretty psubstantial money into an i.r.a. pand if you invest it wisely, you phave a balanced portfolio, you pcan get growth. pif you get 7% on your money, you pcan double that money in as plittle as 10 years. pso a lot of people may think pit's too late. pit's not too late. pthe beauty of it is, the i.r.s. pallows you to do this and those pfunds could be fax deductible to pyou're lowering your taxes and ptwo, there's no tax on the pgrowth until you take it out pwhich could be many, many years pin the future. p>>reporter: how do you know -- pand i know you don't like to pgive tax advice but how do you pfind out if what you're pis that the kind of i.r.a. it pis? p>> there are two different i. pi.r.a.'s. pif you put it in a traditional pi.r.a., it can be tax pdeductible. pthe only caveat would be if you phave a 401k plan at work and you pcontribute a lot to it and pyou're in a fairly high income pbracket, those deductions are preduced slightly so you go to pthe i.r.s. website and the web paddress is irs.gov. pit's really simple

or madrid, have to be wary of this. now, europeans are fairly sanguine. i grew up in the uk with the threat of the i.r.a.ians and germans through up with the red brigade. spanish with eta. this is not a continent unused to terror threats. we are used to them. we actually, frankly, take them on the whole fairly calmly. but this is something new. this feels, as the french president said this morning, like a war has been launched against europe. and we don't know where the next blow will come. >> david ignatius, do you concur with that? >> i do. as i look at these events today in brussels, i am reminded of a u.s. intelligence report that i quoted a few weeks ago that described isis as being a danica patrickive -- as being adaptive and resistant. you hit them hard in syria and iraq and they've been pounded every the last year, but they adapt to those strikes and come back and hit you in different places. that's clearly happening in europe. the fact that several days after the arrest of the person who was thought to be the mastermind of the paris attacks, the center of the big belgian-french manhunt that had