david backe, author of "debt free for life."ron epperson, personal finance correspondent for nbc and cnbc.com. good morning. >> good morning, al. >> we go right to skype with y von skyping from santa barbara, california. good morning, yvonne. >> how are you? >> good. what's your question? >> good morning. i'm 55 years old, and about a year-and-a-half ago, i was able to take advantage of an early retirement offer. i haven't started drawing my pension, but i'm thinking about starting. so i received some estimates, giving me an idea of how much i could expect in terms of a monthly annuity, based on the age at which i begin. but what are the options given is to take my pension benefits as a partial lump sum payment with a diminished monthly annuity. so i have a couple questions. one of which is, are there any consequences to beginning my -- to collect my pension benefits now, as opposed to waiting the ten years until i'm 65? and secondly, what are the advantages or disadvantages of taking that partial lump sum payment? >> okay, jean

and are also hoping to bring in former england captain david back and his contract with l.a. galaxy runs actively ended this month for paris and your man have been linked with a man's brazilian striker alexander partovi turn inside have arrived in dubai for a friendly against p.s.g. during their winter break or their milan the found them brought it says it's going nowhere. but we came here to recharge the batteries and it served us a good opportunity to prepare for the second half of the week and i think that old players already looking forward to playing against are essential and regarding. how the new spread about him i do not know where the man who got this information but he's staying with arsenal. while another transfer news chelsea are on the brink of signing bolton defender gary cahill the clubs have agreed on a transfer fee for the twenty six year old according to bolton coach paul taylor is out of contract with the club at the end of the season is that he will be self around eleven million dollars. so there's a busy six day period coming up in english premiership and

that in the meantime former runner up david back in has once again refused to pledge his future to any particular club the former manchester united and wale madrid star is currently on a pre-season tour with his l.a. galaxy side in australia and says he'll make the big decision after christmas england's most capped outfield player will be out of contract by december the thirty first and has been repeatedly linked with mega rich french side paris sundra so the good news meanwhile for becks fans is the veteran midfielder has no immediate plans of hanging up his boots. no i don't feel thirty six years old when i'm out there still love train in still love fly and so on continue until i feel differently. now the world of soccer is paying its respects to former brazil captain and midfield legend socrates who died in hospital on sunday age fifty seven following a short illness the former corinthians player had been in a critical condition with an intestinal infection since friday though he'd also been in hospital in august and september with internal bleeding widely regarded as one of the gre

tyson: mike brown and david jewitt. back in the 1980s, david started a search that would put pluto in a new perspective. tyson: so you start looking in the outer solar system. that's kind of crazy because everyone knew the solar system ended at pluto. uh, it's a little crazy, but, you know, the flip side is, it didn't seem reasonable. it seemed peculiar that the outer solar system would be this really, really empty place, compared to the inner solar system, which we already knew was full of planets and comets and asteroids and all sorts of stuff. well, it's got to end somewhere, why not pluto? yeah, i mean maybe, but maybe not. tyson: despite what felt like impossible odds, david teamed up with jane luu, then a graduate student, and they started a search that would take a lot longer than either one of them expected. luu: why did it take so long? um, it was a matter of technology catching up with the problem. tyson: while it's easy to see distant stars because they radiate their own light, other celestial bodies are much hard

ok for the injured curry, brandon rush and the dubs take a one-point lead andÑi monty elli to david lee. backplayoff atmosphere and 2-0 with patrick marlo. the 16th of the year, makesmy 2-1. have ourselves a new game at 2-2 and this is overtime, but there is kevin. throwing it for the mets and andrewjf deflect and the canuck win 3-2 over the sharks forc th second time this season. check out kenny leaping over the would beok blockers. may nard on the back. the bears turned it over four times, qcu a recipe for success. jackson and the wide receiver 7-3. cody johnson four yards and in. and the hornsesok hoand it's 5- since 2002002. the latest to be shipped out of town. oakland shades the closers to dq red sox with lpoutfielder in exchange for the outçó fielder. two minor league prospects. in half a season.qlrlp of theok bestfá closers and see all the guys going. now it's andrew and he is gone and it will be a different team. a master plan behind it all. . >>> that is david t(fáqbowy andn singing, but it doesn't look like it. it's the muppets and they are in a new commercial promoting the google

montae to david lee. backing to montae. 15-4 warriors run made it 74-68.lled away 89-70 late in the fourth quarter. northwest and pacific division leaders squaring off at the tanks. wraparound pass. 1-0 game. vancouver leading 2-0 halfway through the second. logan couture beats roberto. pass or shoot. i like it when shoots. game tied at two, late in the third period. >> thanks very much. that is our report. for spencer

this way here to answer that question from new york is conservative commentator david sullivan david welcome back thank you for having me on thomas always it's a pleasure please david please mr scrooge mad have a lump of coal why do you hate president poor people. well i got to tell you of the bone of contention is not with the poor people it's not with wall street and it's not even with the middle east it's with the obama administration and their attack against charitable giving if they would just relax the rules and make it more attractive for people to make contributions the private sector could take care of this problem and we wouldn't have to look to the government to spend our money on a video and i think contributions are right now because he give we can get we can give money to charities that provide right now and it's one hundred percent tax deductible what. it's not nearly as tract of this that you know if you can get is if you have any got to raise a little i in the the spigots would be wide open and the money would flow right in our women who anybody who is it anybody who is only doin

david mccullough, thank you. we will be right backo talk about a time when america and americans were fascinated by france. david mccullough's new book when we come back. -3 dha is a complete multivitamin for adults. plus an excellent source of omega-3 dha in a great tasting gummy. one a day, gummies for grown-ups. multi-policy discount. paperless discount. paid-in-full discount. [yawning] homeowner's discount. safe driver discount. chipmunk family reunion. someone stole the nuts. squirrel jail. justice! countless discounts. now that's progressive. call or click today. >>> we are back with the historian, david mccullough, whose latest book, "the greater journey," is about a wave of 19th century americans who migrated to paris. we think of americans as famously uninterested in the world. we think of america today and don't care what's going on with the rest of the world, we don't want to borrow anything from the rest of the world. the americans you're describing seem fascinated by france. why? >> they craved -- craved france, and they

this up and take notice and go back to the table with his renegotiated still but the chancellor george osborne has already said that the strikes going to cheat and is that david cameron's backs him up saying that they were down with if they have no impact then the people who've been striking say have said that they will strike again and they will strike the longer this also been told over the government saying constantly that it's got no money to fund pensions but at. same time funding bailouts will countries in the year a day which of course britain isn't a part only i speak to alex kenny from the national union of teachers he was he said about that certainly people are saying we didn't play for the crisis we didn't play for the banking crisis and they bailed out the banks and now working people. so it's a place and they won't accept it we have an unprecedented thirty three unions taking action many of whom have never taken so i think and we will see today just how strongly people feel about the government but of course to get me off to the strike big thing the impact of how many what they say place was this is destructive it's not looking like they're going

david mccullough, thank you. we will be right back to talk about a time when america and americans were fascinated by france. david mccullough's new book when we come back. in america, we believe in a future that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes. put their kids through college. retire how they want to. ameriprise. the strength of america's largest financial planning company. the heart of 10,000 advisors working with you, one-to-one. together, for your future. ♪ gives you a 50% annual bonus! so you earn 50% more cash. according to research, everybody likes more cash. well, almost everybody... ♪ would you like 50% more cash? no! but it's more money. [ male announcer ] the new capital one cash rewards card. the card for people who want 50% more cash. what's in your wallet? woah! [ giggles ] you tell us what you want to pay, and we give you a range of coverages to choose from. who is she? that's flo

when we come back, david beckham will be sitting right here. [cheers and applause] >> ellen: i'll spray it on my leg and you can smell it. >> actually, let me spray it on my leg. it smells so much better. >> ellen: smell my leg. smell my leg. >> one at a time. see if they recognize me. >> ellen: are you ready for this? are you ready for this? >> is there anything else you'll be needing now? >> announcer: next "ellen" -- justin bieber. >> ellen: justin and i do everything together. my man. biebs. >> announcer: and one of ellen's biggest surprises ever. now see why they're back. [ stylist ] this is the place my clients come for the vibrant feel and glimmering shine of salon-gorgeous hair. and for the latest in salon-performance, there's tresemmé. their newly enhanced shampoos and conditioners instantly lock in moisture to restore and replenish exactly where it's needed most. for hair that winks and shines -- inspiring a night on the town. get salon-vibrant, chair-worthy hair without the salon price. tresemmé. professional. affordable. ...for the

back. >> david brook for the hour next. >> funding for kharlgy rose was provided by the following. >> a polar bear cub is born with no sense of sight. we're helping ensure they're born with a -- details on limited coke cans and caps on how to join coca-cola in helping to create a safe refuge for the polar bear. >> it feels like help is never far away. it feels like you're protected against life's little mishaps. it feels like you'll make it home. that's what it feels like to be a member. >> additional funding provided by these funders. >> sfrl our studios in new york city. this is charlie rose. >> david brooks is here and writes about politics and ideas and he has  columnis colo have him back at this table as we continue our conversations looking bac back on the year 20. >> good to be here. >> you met with the presidentre. it did happen yesterday.it wash hip. at the end of the year and his biewife and family are a way on vacation o. and hes little big think. and he is thinking where we are and where am i going. it's a useful exercise for a president to do that. i were meei would one meet wit

david: brit warriors back where they belong and change the name back to the san francisco warriors. -jason: the 49ers are there come on man. join the conversation at facebook.com/abc7news. >> come on man! >>> meanwhile, oakland mayor quan will hold a news conference noon today to make a major announcement about the future of a's. >>> next, police still do not have a motive we are learning more about the shooter who killed a police officer and then himself on the virginia tech campus. >>> new target for mitt romney. +e@@ >>> a gunman who killed a campus police officer before turning the again on himself is believed to have act add loan. video taken from the explain officer's cruiser the gunman shot 39-year-old officer derrick crouse, ran and shot himself. the gunman's identity has not been released. >> we know who this individual is. due to protocol, the medical examiner's office must make that positive information and we notify the next of kin. at that point we will be able to release his name. i can tell you he is not a virginia tech student. >> the shooting if began when officer cro

david: brit warriors back where they belong and change the name back to the san francisco warriors. -jason: the 49ers are there come on man. join the conversation at facebook.com/abc7news. >> come on man! >>> meanwhile, oakland mayor quan will hold a news conference noon today to make a major announcement about the future of a's. >>> next, police still do not have a motive we are learning more about the shooter who killed a police officer and then himself on the virginia tech campus. >>> new target for mitt romney. republicans prepare to duke it out in a it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles ou

back. >>> david letterman is next with charlise. very good.

back with tonight's power rankings. >> i like that. >> got to have some fun with it. >> let's bring in david gergen and david is back with us. you have a special look at what's going on with mr. romney. david, let me start with you. you interviewed mitt romney a few weeks ago. we have "parade" magazine here. it hits stands on sunday. there it is. i want to ask you more about this. how do you think, first of all, mitt romney's week has been seeing newt gingrich fly like a phoenix to the top? >> oh, i think it's been a very rough week for them. john avalon had it exactly right and just about a week or ten days ago, mitt romney was running who was going to get the nomination and he was seen 70% chance of winning the nomination, maybe 69% and today he's less than 50. whereas newt gingrich is surging. so, is mitt romney still, i think, the man to beat? yes. but for the first time, he has a serious rival on his hands. if newt gingrich can go through the vetting process that is coming and he knows that and emerge on january 1 and he is standing up there as a rival, romney could be in trouble and i think the real question now is, wha

coming up in this half hour we'll revisit a conversation with great minds i had back in september with dr david graber in that interview dr graber gives the long story on debt not just in america but around the world a few weeks after this interview aired dr graber went on to be one of the early organizers of the occupy wall street movement so tonight we take another look at what he had to say just before all that began. for tonight's conversations with great minds i'm joined by dr david graber graber teaches anthropology at goldsmiths university of london and has written a half dozen books that examined issues of culture politics economics and history and as a regular contributor to some of the country's leading magazines including harper's the nation and the new left review in two thousand and six he delivered the melon kosky memorial lecture at the london school of economics an annual talk that honors outstanding anthropologists who have fundamentally shaped the study of culture and this past spring he was honored by the anthropology department at u.c. berkeley his latest book debt the first

david backe, author of "debt free for life."it. tons of great e-mails and questions. first, let's head to twitter and@cr mills from baltimore, maryland tweeted, as a young professional, on average, how much should i be saving for retirement or for uh a house. great question. jean, take it away. >> fantastic question. for retirement, if you're starting to really save before the age of 35, as i suspect you are, and you can save 10% of what you bring in a year, consistently, you're doing okay. after age 35, if you haven't started, you got to really scoop it up and get to 15% on a consistent basis so you will not run out of money in retirement. as for that house, if you can come up with a down payment of 20%, you avoid private mortgage insurance, it will be a lot easier, qualify for a mortgage. so figure out how much your house is going to cost, and then you know how much that down payment is likely to be. >> sounds like a very responsible lady getting her house in order. perfect. next let's go to the phones. hello to corin from lau

david is back with us because you've got a special look at what's going on with mr. romney. the republican strategist alex caselanos is with us as well. david, let me start with you. you interviewed mitt romney a few weeks ago. this is what's going to come out. hits stands on sunday. there it is. and i want to ask you more about this. how do you think first of all mitt romney's week has been? seeing newt gingrich fly like a phoenix to the top? >> i think it's been a very rough week for him. john avalon had it exactly right. when just about a week or ten days ago, mitt romney was running in trade. that's where the betting occurs on who will get the nomination. and he was seen as a 70% chance of winning the nomination. maybe 69%. today he's less than 50. or newt gingrich is surging. is mitt romney still the man to beat? i think yes. but for the first time he has a serious rival on his hands. if newt gingrich can go through the process that's coming, and he knows that, and emerge on january 1 as a standing rival, romney could be in trouble. the real question is what does he do f

we have music from david guetta and usher. and we'll be right backeal, so stick around. ornaments also make beautiful center pieces. you're a miracle worker sabrina soto. [sfx: doorbell rings] and you can mix your seasonal pieces with your everyday china. [sfx: knocking on door] and now you need to hide. oh, i love the mercury glass pieces on the mantel, we could put some evergreen pieces... you know a simple touch like adding. oh, i think we should quickly decorate the hallway, wouldn't that be fun? maybe just put some...oh thank you so much, i'm going to bring you a snack later. wait, i still need to talk to you about led candles. happy holiday's. hey! hi! please come in. you know ornaments, they make a great centerpiece. crunchy, roasted peanuts. meet soft, chewy caramel. for the energy to keep you going. who wouldn't want to be a part of that? payday. the sweet taste of energy. flavored with real honey. powerful cold medicine that leaves out artificial flavors and dyes and instead uses something more natural, honey. new vicks nature fusion cold &

david is back with us because you've got a special look at what's going on with mr. romney. publican strategist alex caselanos is with us as well. david, let me start with you. you interviewed mitt romney a few weeks ago. this is what's going to come out. hits stands on sunday. there it is. and i want to ask you more about this. how do you think first of all mitt romney's week has been? seeing newt gingrich fly like a phoenix to the top? >> i think it's been a very rough week for him. john avalon had it exactly right. when just about a week or ten days ago, mitt romney was running in trade. that's where the betting occurs on who will get the nomination. and he was seen as a 70% chance of winning the nomination. maybe 69%. today he's less than 50. or newt gingrich is surging. is mitt romney still the man to beat? i think yes. but for the first time he has a serious rival on his hands. if newt gingrich can go through the process that's coming, and he knows that, and emerge on january 1 as a standing rival, romney could be in trouble. the real question is what does he do for his

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. >> reporter: as federal teams cast a wide net around strip clubs and their owners, attorney david karl back, who represents the cheetah club, insists their hands are clean. >> there is absolutely no connection. >> and that was katherine ron reporting. those arrested are charged with a variety of crimes from visa and marriage fraud to racket earring and ex -- racketeering. and extortion. >>> on the stand. why former governors rob ber ic, and former lieutenant governor michael steele were all testifying in a criminal trial. i'm derek valcourt, coming up on eyewitnes,,,,,,,,,,,,,,,,,,,, >>> coming up right now. dirty politics are a legal maneuver. robocalls. what the former governor said on the stand. >>> free and cashing in. i'm mike hellgren. investigating the mystery in aruba. gary giordano reveals why he took out more than $100 million in insurance on robyn gardner. but will he collect it? >>> putting the finishing touches on the fireworks. i'm jessica kartalija. coming up live here on wjz. it's the 40th annual lighting of the washington monument. >> will the weather cooperate for your wee

two-million dollars from david lett >>> back now at 5:52. ducer who tried to extort $2 million from david letterman landed a new tv gig. robert halderman who goes by the name of joe is now producing on the case with paula zahn on the investigation discovery channel. hauler man was released from prison a little more than a year ago. he was a producer for cbs' "48 hours: mystery" when he told letterman he wanted money to keep quiet about the late show host's affairs with some female staffers. >>> steven hawking is looking for a high scale helped. the fame british physicist needs someone who help develop and maintain the electronic speed system that allows him to communicate his vision of the universe. an ad on his website says applicants should be computer literate and able to repair electronic devices without an instruction manual. >>> this is causing fury among some customers. verizon will now charge some of them a $2 fee just to pay their bills. the new charge affects people who pay their bill over the phone or online with a credit card. it

"jimmy kimmel live," back in two minutes with shaquille o'neal. julia jones. and music from david guetta featuring usher. nice, huh? yeah. you know what else is nice is all the savings you can get on cruze and traverse over there. oh! that's my beard. [ chuckles ] it's amazing. ♪ [ male announcer ] this holiday, chevy's giving more. now very well qualified lessees can sign and drive a 2012 cruze ls for around $199 a month. ♪ with smooth caramel and chocolate. ♪ hmm twix. also available in peanut butter. were going to run a 3d commercial this year. in fact we made one, but it didn't test well. here we go! ♪ [ spokesman ] actually, it tested too well. ♪ we concluded that running this commercial -would have been inappropriate. -i'm okay! [ spokesman ] so we didn't. you're welcome, america. [ male announcer ] it's the sure sign of a good time. the just right taste of bud light. here we go. ♪ can boldly satisfy any craving. share an appetizer, then choose two chili's entrees, like our classic bacon burger or our famous slow-smoked baby back ribs. chili's $20 dinner for two. yoohoo, hi.

back. >> david brook for the hour next. >> funding for kharlgy rose was provided by the following. >> a polar bear cub is born with no sense of sight. we're helping ensure they're born with a -- details on limited coke cans and caps on how to join coca-cola in helping to create a safe refuge for the polar bear. >> it feels like help is never far away. it feels like you're protected against life's little mishaps. it feels lik you'll make it home. that's what it feels like to be a member. >> additional funding provided by these funders. >> sfrl our studios in new york city. this is charlie rose. >> david brooks is here and writes about politics and ideas and he has  columnis colo have him back at this table as we continue our conversations looking bac back on the year 20. >> good to behere. >> you met with the presidentre. it did happen yesterday.it wash hip. at the end of the year and his biewife and family are a way on vacation o. and hes little big think. and he is thinking where we are and where am i going. it's a useful exercise for a president to do that. i were meei would one meet withr

>> you know, i think, david, as we step back, i think we can explain a lot of what's going on in the country and in the world by the fact that we've actually gone from a connected world to a hyperconnected world. and what that has done actually, if the world were a single math class the whole global curve has risen. because every boss today has access to more cheap automation, cheap software, cheap robotics, cheap labor and cheap genius than ever before. and as a result, average is over. average is officially over. we've all got to find our extra, come with something new and extra to the table. so on one end that's creating a lot of the anxiety understandably throughout the population. but at the same time, it's giving people the tools to organize and protest against it from the right and the left. at the same type the hyperconnectivity is creating huge income gaps, because if you do have the talent, if you are really, really above average, if you're j.k. rowling, you can now make more money in a totally connected world than ever before. it's all wrapped up together in one process. >

so if he doesn't come so crazy out of the box to fight back, there may be some who step back and say, as david points out, who do i want to see over time? chris: back to my question on newt. do you think he has the discipline to stay at the top by not attacking his opponents and saying crazy things? >> historically he's been more impetuous. chris: david? it's now 2-1, they think he can hold. >> i think he'll hold. i think he'll win iowa. romney will win new hampshire. chris: he won't go ballistic between now and then? >> it's going to be a fun campaign to watch. chris: if he comes out of iowa strong, that means he goes into new hampshire strong. >> he'll win south carolina. and florida. and romney will have to flow every single thing he has to hold florida. chris: i think newt looks very strong, as we go through the holiday season, celebrating newt gingrich. what a revolting development. who would have believed? who said comeback kid? this guy is the comeback kid. one factor that's made newt gingrich a hero since he left congress is his use of the fox news contributors. it hasn't just been new

ending war is the way for america to move forward joining me to discuss this is david sirota talk radio host and author of back to our future david thanks so much for joining us tonight let me first go back to that whole little rant that i just made back there in terms of the media's coverage i guess you could say lack of coverage when it's ron paul the number one spot versus newt gingrich or bachmann or herman cain do you see that tail. absolutely and i think it's not just the fact that his foreign policies are out of step with washington's foreign policies and the trends partisan establishment foreign policies i think it's that ron paul's i was talking about civil liberties ron paul is talking about ending the drug war these are so rails of american politics when it comes to what the establishment says it's acceptable and what the establishment says is not acceptable basically we have not had a major presidential candidate in either party talking about the downsides of permanent war the downside of travelling our civil liberties how that makes us less safe and the downsize of the both resources and in terms

>> our reporting, and david circled back to his source, i've talked to other people, our reporting is that every indication is that he will be announcing that he is dropping out tomorrow, but as we said on "nightly news" and there was no challenge to anything that was reported on "nightly news." they did have problems with apparently some of the reiterations in social media on twitter. but in terms of what we are reporting, it is that while with the cain campaign, until he actually announces it, himself, no decision is final. he is certainly leaning toward getting out because of the pressure on his family. this was, tonight, the first face to face meeting with his wife, gloria. this has also come amidst a lot of mixed signals. two new advertisements went up in iowa. they're spending money. supporters. his super pac as well as the cain campaign, itself. the campaign also today on their website launched a new women for cain website, or part of the website. a new online group. and that group is chaired by gloria cain. so they are sending a lot of mixed signals, but there's a lot of indic

back. >> david. good to be here. >> so, what's going to happen? >> well, it's pretty clear that i, and our members, oppose the senate bill. it's only for two months. you know, the president said we shouldn't go on vacation until we get our work done. and frankly, house republicans agree. we passed a one-year extension of the payroll tax credit, unemployment insurance with reforms, making sure that those doctors who treat medicare patients are not going to see their reimbursements cut. we had a reasonable responsible bill that we sent over to the senate. and, you know, if you talk to employers, they talk about the uncertainty. how can you do tax policy for two months? so, we really do believe it's time for the senate to work with the house, to complete our business for the year. we've got two weeks to get this done. let's do it the right way. >> so you're suggesting start over, make this a one-year extension, should the senate start from scratch? >> no. what i'm suggesting is this, the house has passed its bill. now the senate has passed its bill.