an ira is capped at $5500. and a roth ira, it does not have an income cap.tage of them if your employer gives you the option. it depends on what you think the future will look like. if you think the taxes are going to go higher over the course of your lifetime. than a roth ira is so the way to go. even if you are making a lot of money in the present. but i think that belief is mistaken much for young people who have become politically conscious under the obama administration, it may seem that you cannot stop higher taxes but history says different. at the end of the day, this is both beyond our control and our ability to predict. the bottom line the lower your present income than the lower your tacks a roth 401 k and roth ira, allows you to pay the tax now, don't worry about what could go wrong 30 or 40 years in the future. just worry about making the best choices right now. "mad money" is back after the break. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunct

ira contributi. it i is never too latate to open an ira, so if you have not already, consider these great options. >> we will s youext week. if you hav >> after two years in office, chucuck hagel is steppg down as defense secretary, deserving credit for handling budget challenges, ongoing operations and new reforms. successor ashton carter faces sesenate confirmation as the obama administration asks congress for $86 billion in defense nding for 2016. carter is expected to be quickly confirmed,ut the budget will be a battle. congress is inin republican hands,s, but ere is no consensus on n it or military ending as the white house seeks morfor dod then-current budget caps permit. dod says it needs money for rising c costs weapons readiness, and cover foror sangs that ailed to materialize. dod ieager to se money. the resource board said cutting a civilian personnel and increasing osourcing with say $125 billion over six years. its importanthe pengon becomes morefficient, but saving money is tough work.

al jazeera america. >> we are back on "talk to al jazeera" with ira glass. do you ever listen to howard stern? >> i love howard stern >> because of how he uses the format or sense of humour. >> everything, (a), it's a beautifully crafted radio show, where the design is beautiful. when you think about what it is - there's him, a bunch of characters who you come to know wh love. people that don't listen to howard stern have a misconception of what the show is. when he publicis it he talks about girls coming in did and taking off their tops, which is there. it's the least interesting part of the show. >> what other shows or broadcast or news sources do you follow? >> there's a set of public radio shows that i'm a big fan of, including "fresh air", and "radio lab", and "on the media", and the daily news shows which are a big source for me. times." >> i have to ask you something that you talked about regarding your dog. through your pitbull you learnt that you respond to neediness and vulnerability more than shows of affection. >> did i say that in >> yes, you sa

there is no similar provision for roth iras. they say if you're over 70 1/2 by end of the year you get out of that. but there is a lot of people who have a lot of money in roth iras younger than 70 1/2. they put that money in there based on promise. gerri: based on promise. they want to change rules in the middle of the game. seen this in a lot of different places. really frustrating when they were talking about changing college savings plans of the hello. with spent all the time contributing to these things thinking we were getting tax break. >> only fair thing to do in that regard, if they ever made a change would be to say anybody with money in the roth ira now we'll give you the rules that you had in place when you put money in there. that is only fair thing in my mind. gerri: limit roth conversions to pretax dollars the tell me about that. >> so right now, people who make too much money based on what the limits are -- gerri: too much defined by the president, not by anybody else. >> and congress to be fair. gerri: okay. >>

they were all traditional ira contributions.hey were in many cases deductible. >> let's talk about the back-door roth ira. how does that work, does it work well? >> income limits if you want to make a direct roth ira contribution, you'll be shut out if you're a higher earner. there are no income limits of doing a conversion. you heard about this back-door roth ira idea. you make a nondeductible traditional contribution. no limits on that. again, no income limits apply. with a la, you have roth. it's a loophole. (?) the president in his budget proposal did discuss closing that loophole. for now, it's something higher income folks should take a look at. gerri: very good point. let's talk a little bit about minimum required distributions. people worry about this. it's highly technical. what advice do you have for people out there? >> well, these kick in once you're after -- once you're past age 70 and a half. the key thing to keep in mind if you're subject to rmds is that you have to take them. if you miss them, you will pay not ju

ira aldridge. he was born in new york. and he became an actor. and this was in the early 19th century. he couldn't make a living -- he was black. he couldn't make a living doing what he wanted to do in america so he went to england. and that's where he made his name. so the connection here is really jamestown. in 2007, virginia celebrated two anniversaries that were noteworthy. the 400th anniversary of jamestown, the founding of jamestown, and the 200th anniversary of robert e. lee. so when you think of robert e. lee, you think of old virginia as far as families and you think of the civil war you think of the civil war, you think of slavery. so it just so happens that ira aldridge and robert e. lee were born the same year. in 17 -- in 1807. so we'll sort of shadow -- with ira aldridge we'll shadow robert e. lee. talking about slavery and all that and african-americans in the country. the -- the third and last portrait will be of senator edward dirksen of illinois and that's a time cover in our timex bigs upstairs. and we will look at him. he play

ira epstein joining us from the cme i want to start with you, ira. we talked about manufacturing data. that tropical depression. consumer spending biggest drop since september of '09. yet the markets woke up in the last 20 minutes of trade said we're going forward. why? >> writing about it actually in my newsletter tonight. the market fell 6%. the last time i was talking to you, liz, we had a drop between 5 and 8%. people say this is not market to own. you're back to the 6% number. away you go one more time. also i think what happened today as the market has a sigh of relief. oil is not bottomless. too much of a good thing, too much of a low price can be a problem. the fear factor of dropping oil took a little bit after back seat today. all that other data, we weren't expecting great, great data. we know that we're not an island we're slowing down a little bit. that keeps interest rates at bay. put the combination together and this is late-day rally. adam: joe, let me bring you into this. ira may be a perhaps a bit shortsighted. we have china sew slo

they are offering to match match, ira contributions. what do you make of this?, this was genius marketing t was genius marketing unfortunately you have got me here talking about it right now. media picked up how fidelity is running campaign there is 10% match. it is not really a 10% match. like wendy's commercials where is the beef? when you really look at the real offer, it is what i would call, no beef. in other words, here what is says when you really look at it. if you put in 10,000 and make a 5500-dollar annual contribution you will be offer ad 1% match on the $5500. that is called, gerri, 55 bucks. 55 bucks for a 15,000 a hundred ira. -- $15,500 ire a it is bite marketing but no beef. on half a million dollar illustration over three years 950 bucks. to me there is no beef. gerri: this is another way to spend your advertising dollars in my view. it is hilarious. >> got to us talk about. >> shown a spotlight. >> making people think about it. we want people to fund their retirement accounts but this commercial, this advertising for them, not even saying the c

and plus, ira glass my conversation with the storyteller. how he's taking this american life on the road. >> this thursday marks three years since george zimmerman shot and killed trayvon martin. the violent death of the unarmed black teenager with questions about profiling. would he face federal charges? should he? well, today wanted justice department announced a decision that for many adds to the anger and anguish. >> we, the jury, find george zimmerman, not guilty. >> a florida jury jury acquitted george zimmerman of murder. he said that he shot martin, who was unarmed in self defense. the police initially chose to not charge zimmerman, but after months of protests, prosecutors filed murder charges. critics were outraged over what they say was a case of racial profiling and the police indifference to the death of a black teenager. >> if i had a son, he would look like trayvon. >> federal authorities promised an investigation and now a year and a half later the justice department announced that there would be no federal charges against zi

and so they don't apply to rollovers, to iras, to iras, it costs investors a lot of money. the economic suggests it costs retirement investors as much as $16 billion and $17 billion a year. >> so basically, what you're saying if i'm understanding you correctly, correct me if i'm wrong, mr. haut man, the advisor can't wear two hats. he cannot be a commissioned salesperson and also have the client's best interest at heart in all cases. it just doesn't work. >> that's not what i'm saying. so mr. benson said commissions won't be allowed. that's just not true. the d.o.l. first of all, hasn't proposed a rule. any analysis about what the rule is going to look like or the impact it's going to have is just speculation. we want the d.o.l. to propose the rule to update it to close loopholes in the rules so it reflects the modern financial landscape and investors are better protected. >> i want to bring in forgive me for interrupting. i want to bring in michael far, who was in this business. he advises clients, a money manager. i do not know t i assume you follow the fiduciary standard

ira epstein in the pits of cme. ire remarks i have to give you your own. you said buying into the breaks is best way to make money in the market. been true from beginning of the year, going back way back to september. this is another one of those occasions. >> there is no reason for it not to be. what's changed this the market, is the market likes to see oil prices come up now. the fear under $43 will be i think, if we get back under that, you will pull the market back down. barring that, i think market is now feeling oil has something of a bottom in place and damage done to the energy sector stocks, that is an area maybe there won't be further carnage at this point. liz: by the way, ira has been right. some of our, some of our traders, we love todd horowitz. he sounded an alarm bell as this market continues to climb. a, basically said don't fight the tape or the fed. >> thank you. liz: brian boyle, what are you fighting at this point? any fears we're now in the sixth year of a very significant bull market? >> well we think you have to proceed with caution

ira rks iras you take advantage of. extra. and next year 401 limits put another 6500 as well. >> the aca compliance is it an honor system? i haven't seen the 1040s. say, oh yeah i've got insurance or put down the policy number. >> it's self-compliance this year. so 100% of american haves to tell the government whether they have health care or no 75 of us we check a box but the 30 million or 40 million. >> are going to check back? when they match income they get a statement from your employer or your bank but are they? >> they are checking. one of the big concerns is people having to pay back credits and all of that but looks like that's not the big problem right now. the bigger p people who just didn't sign up for the health care at all. so it is an honor system this year but they're going to be checking closer. >> maybe not next year. >> maybe not. so we help people sign up for health care. >> talk about tax brackets and how they're changing for this tax year. because that will affect an enormous number of people. >> the tax

. >> se calcula que el costo de tener la acciÓn ejecutiva ira entre 343 y 484 millones de dÓlares en. >> pero quien apoyan a los que se preparan con no ros, dicen el impulso que darÁn las medidas * serÁ positivo la economÍa. >> Últimamente es el usuario el paÍs en sÍ quienes terminan beneficiandose 3/4/5 veces mÁs al aportar dinero a los cobres nacionales. >> agrega el nÚmero de personas registrada registradas serÁ la mejor medida para el Éxito de la activa. >> no hay respiro para los vecinos del noreste de estados unidos la brutal tormenta acaba de pasar y dejÓ a varias ciudades sin dinero para remover la nieve. >> ademÁs con un caos tan grande que en el estado de massachusetts el gobernador activÓ la guardia nacional lo que viene en camino es mÁs nieve, no es asÍ diego? >> tÚ lo has dicho josÉ hola josÉ mary estoy aquÍ en una montaÑa de la ciudad de boston, montaÑas como estas abundando en la ciudad de boston les quiero mostrar lo alta que son este palo mide 5 pies y miren como desaparece en la montaÑa aquÍ hay de 7 a 8 pies de nieve, eso es con lo que estÁn lidiando las personas e

the college savings plan, works a lot like a 401(k) and ira. put money in and it invests in different mutual funds for you. set it on auto pilot and it directs the mutual funds that are more conservative as you quit close to your child going to catch. and also the prepay plan. puts money in today's prices for tomorrow's tuition. so you are looking at in-state public colleges. you can convert them to pay for private colleges or out of state as well. and then the private college prepaid plan. saving for college.com. a great website. >> the up roar this week is because the president talked about in the state of the union address taxing some things that had been tax free before. >> here is the big perk. put the money in, it's after tax money that goes in. grows tax deferred and take t out tax free to pay for qualified higher education expenses. that is why people love it. that is why over 200 billion is in the ambulanplans. but the controversy is these are o reasonable rich folksizing these plans. >> that is not true. >> it is not try. the average

i have to correct the roth ira limits that i gave you on friday. wrong much specifically they were out of date and i apologize for that. and i want to hank the brilliant suze orman for catching my mistake. first of all if you are single you can make full contributions to a roth ira if your adjusted groet growth is below 160,000. if you are below that you are phased out. if you are above $130 can you cannot contribute to a roth at all fump are married and file jointly, you can contribute fully to a roth if your household makes less than $183,000 and you are not able to contribute if you make more than that. it's a terrific vehicle for young people expected to make more money later in life. you make more contributions to it after tax income. oh and i did no make it clear on friday you are allowed to withdraw as much money as you contributed to a roth ira without making penaltities. sorry for the confusion. thank you, suze how about home work. chuck in california called in about alliance bernstein, is a master limited partnership that owns roughly 36%

how do you fund a raw fire ira? what auto stocks should you own right now? questions on twitter all day long. two of them. we'll answer them when we come back. our goal is to make you money. ♪ ♪ charles: all right, guys. it's one of my favorite parts of this show. when we answer your questions. individual stocks, industries, anything you need to know. we're your people. joseph, what's the best auto stock, general motors or fiat or any of these buy or holds at this time? i have to tell you something, general motors, they're taking market share. no longer under the thumb of the government. i know a lot of people out there still have a sort of anger toward government motors for taking a bailout. if i had to be in one of them, that would be the one i would be in. a lot of things going for them. ford feels like a rudderless ship right now. >> while i do agree with you, as far as gm goes and i think -- charles: you would take black lock over me? >> never. i'm just reporting the news here. but i do like ford overall. (?) and i think the automakers in general will h

ira. alegrÍa, ansiedad, tristeza...e lugar pequeÑo. >> Ésa historia significa mucho para mÍ porque quiero enseÑar la cultura latina. y eso lo enseÑan positivamente. >> efectivamente, son de familia puertorriqueÑa, de familia mexicana nos da mucho gusto que estÉn aquÍ. carlos a tu personaje le toma tiempo confiar en el coach. >> coach white. por quÉ crees? >> mi espaÑol no es perfecta. >> tomÁs ha tenido una vida muy dura. Él es el hombre de la casa porque el padre siempre estaba trabajando en el campo. (risas) cuando Él conoce a white no quiere conocerlo pero de que es un hombre muy bueno. >> refleja una realidad a veces nuestros compatriotas, nuestra gente latina tiene cierto miedo de confiar en los whites... porque tienen miedo que te van a atacar o que no estÁn muy contentos con nosotros acÁ... pero supongo que para usted es trabajar con el gran kevin costner... fue un honor hasta les llegÓ al corazÓn, quÉ les dejÓ trabajar con Él? >> es una gran estrella con un gran corazÓn. >> nos daba muchos consejos en el set. pe

ira. alegrÍa, ansiedad, tristeza...ajo la direcciÓn del entrenador interpretado por kevin costner le damos la bienvenida a sus protagonistas. carlos y hector! (aplausos) bienvenidos un orgullo hispano. >> quÉ emociÓn! Ésta pelÍcula nos gusta mucho porque tiene un significado especial sobre todo para las minorÍas, comunidades marginadas que dice no voy a poder salir de Éste lugar pequeÑo. >> Ésa historia significa mucho para mÍ porque quiero enseÑar la cultura latina. y eso lo enseÑan positivamente. >> efectivamente, son de familia puertorriqueÑa, de familia mexicana nos da mucho gusto que estÉn aquÍ. carlos a tu personaje le toma tiempo confiar en el coach. >> coach white. por quÉ crees? >> mi espaÑol no es perfecta. >> tomÁs ha tenido una vida muy dura. Él es el hombre de la casa porque el padre siempre estaba trabajando en el campo. (risas) cuando Él conoce a white no quiere conocerlo pero de que es un hombre muy bueno. >> refleja una realidad a veces nuestros compatriotas, nuestra gente latina tiene cierto miedo de c

practicas de barack obama o sea que buscaron un juez predispuesto a fallar contra esta medida ahora se iramos que hay 625 mil soÑadores que han solicitado exitosamente y deben resolicitar maÑana en chicago, y asegurar que su documentaciÓn este lis la comunidad debe continuar preparandose para solicitar la ayuda presidencia >hemos batallados y sabÍamos, cualquier persona que examine el record de este juez, lo fueron a buscar para llevarle el ca no fue algo objetivo, y la comunidad tiene que demostrar la valentia que monstro en el pasado >>muchas gracias congresista gutierrez >> y mÉxico tambiÉn reacciono, la cancilleria lamento l y que le daran seguimiento a esta decision y continuaremos con mas informaciÓn en sector de mÉxico un caso que podrÍa ser el caso ferguson latino crest presenta comparamos crest whitestrips con una pasta blanqueadora. veamos. toma, la pasta no blanqueo mucho. ha... hey, a ti si se te ven bien blancos. crest whitestrips trabaja debajo de la superficie del esmalte para

call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. introducing data stash. now at t-mobile, all your unused data rolls forward to the next month. we'll even get you started with 10 gigabytes of free 4g lte data. data stash. only from t-mobile. >>> welcome certainly feels groundhog day here in northeast with the snow pilingup especially on the roads around boston. i want to brian todd isandover, massachusetts. what's it like right now? >> reporter: well we're told that starting to that the systemthrough. frankly, don't really feel that. has relentless all it is still pretty much a snowstormhere. it doesn't seem to us it's lettingup. it seems to us some ways even though this snow is dumping less snow the one last week did here by about it like it's worse. here's part of the problem. running out of to put the snow. mountains of banks this all over the area. everywhere you go between cars that pull over, people who cannot sidewalks, is a very dangerous situation. because a lot of the cars stuck, or are thinking they're want to find a plac

call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. >>> the victimsesday's deadly train crash are being identified tonight. six people were killed. trying to get home during rush hour in new york city when the train smashed into ana cabrera suv an suv. so severe the suv ramped 400 feet down the track farther than the length of a football field. martin savidge is outfront. >> reporter: used the same word to describe the tragedy in new york. >> the emergency windows. screaming, yelling, it was total panic. >> reporter: it happened during tuesday evening's rush hour. officials say a woman in a black suv became when the crossing gate came down on the vehicle. investigators want to know not just what happened but why. >> we know that we want to send somebody to look at the signals, the rail traffic signals, the highway signals as well as the crossing arms. >> reporter: the intersection of rails and roads has always been a problem. the internet full of heart stopping videos showing near miss collisions caught on camera. according to operation lifesaver, a p

it just so happens that that ira and robert e. lee were born the same year, in 1807. we're talking about slavery and all that. and african americans in the country. the third and last portrait will be senator dirksen of illinois. he played in

. >> con esta suspensiÓn, el dinero que le otorguemos al departamento de seguridad no irÁ para implementarenen la aprobaciÓn del presupuesto y que necesitan saber si el presidente de la cÁmara aprobarÁ un presupuesto limpio. >> este es el problema, hay una diferencia entre la cÁmara baja y el senado, mientras los republicanos estÁn debatiendo el camino, no hay camino. lourdes: Él no cree que los republicanos tendrÁn los votos necesarios para que avance la acciÓn ejecutiva. >> ellos no han podido conseguir los 60 votos necesarios, porque ningÚn demÓcrata estÁ dispuesto a decir que la acciÓn ejecutiva del presidente deben ser eliminados los fondos. lourdes: el presupuesto del departamento podrÍa avanzar rÁpidamente por consentimiento unÁnime, pero difÍcilmente 100 senadores se ponen de acuerdo en algo. por lo tanto, se espera que se vaya a votaciÓn el viernes y que expidan los fondos del departamento. marÍa: el gobierno de estados unidos anunciÓ que expedirÁ permisos de trabajo a ciertos cÓnyugues con visas. informÓ que lo hace para que las empresas mantengan a sus trabajadores altamente cap

the ira, the 401(k)? >> diversifying your investments is a good idea. thing about millennials, they're having to make bigger investments -- gerri: what do you mean about that? >> high skill economy. jobs are changing. gerri: education is too expensive. >> and i don't mean formal education. informal education. and formal education. they have to make a bigger investment on human capital. many people are making that bigger investment at front, delaying the home ownership because they'll have to live off their human capital. gerri: i don't think their decisions are all that rational. i see how they spend their money. they're not like gee, my human capital costs are high. >> yeah. the other thing those cities you're talking about, san francisco chicago, atlanta dallas those are hot cities. everyone wants to move there. the prices to buy in those places are huge. san francisco my god, you have to be a millionaire to buy a house there. gerri: forget it. you can't buy a closet in san francisco. let me tell you. maybe a doghouse somewhere. out on the bay, i don'

i went down to see them and i ended up writing a book about the ira the ira heartland. during that period i got to know a guy called rupert cornwell who turned out to be the commanding officer in 2009. he is a young army intelligence officer and he became a good friend so i kept in contact with him. i embedded with them in iraq in 2004 in a sun province. ripper wasn't there but i got to know a lot of welsh guys there. i was aware that they were in helmand and i was back here in the states and they knew they were in a bloody fight. july 1, 2009 i logged onto my laptop and i saw the headline the commanding officer was killed. to me was a personal loss and obviously he was the father of two little girls and a husband and a son. there was a big national moment as well. the first time since the falklands war that had the tying commander was killed in action so that was the trigger to me. i needed to get out there and find out what's going on. i got in touch with the regimen and soon after that charlie and tell was lieutenant colonel and in fact he he was the major bumped up

call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira.g happening right here in this country. it's the sound of america... working with american materials... in american factories. at weathertech all we do is create the highest quality automotive accessories including laser measured custom fit floor liners. order yours today at weathertech.com or call 1-800-car-mats weathertech floor liners. proudly made in america. >>> and now let's check in with anderson for a look at what's coming up with ac 360. >> indications that isis may escalate the fight threatening to grab more western hostages. we'll talk with someone who knows what it's like to be held captive, knows what kayla meuller who was snatched and held by isis went through. joined by journalist david rode who survived months at the taliban before managing to escape. more on isis claims killed by jordanian air strikes, mike rodders, former chair of the house committee is on the program, skeptical of the claims as many others. also an incredible story tonight in maryland. a 13-year-old

it just so happens that that ira and robert e. lee were born the same year, in 1807. we're talking about slavery and all that. and african americans in the country. the third and last portrait will be senator dirksen of illinois. he played in 1964 a monumental role in getting the civil rights act of 1964 passed through the congress and the senate, which lyndon johnson signs on july 2 of 1964. we will look at that. that is where we will go from there. i will finish on one last note, and that has to do with african-americans. there is a major anniversary coming up in two weeks and that anniversary is not on most people's radar but it will be the 150th anniversary of congress's passage of the 13th amendment which ended slavery. that will happen saturday, december 31st. -- january. i'm sorry january 31st. that will be coming up. in four years, slavery is obliterated from the united states in lincoln's first term. if you saw the daniel day-lewis movie of four years ago, that is really what that movie is about. it will take another hundred years before the passage of the ci

call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. i know...third shift is rough... it's just a few more weeks max! what are you doing up? it's late. i just wanted to have breakast wih you. grandpa bode, grandma said you used to be out of control. really... i guess i did take some risks. anncr: bode, bode miller!!! trained a little bit differently. a little too honest sometimes. the media is useless. you were out of control. but not always. >>> new information this morning. the crash of transasia flight 235. officials are releasing the information from the black boxes. we know there were problems with not just one, but both of the plane's two engines. the death toll from the crash climbing to 35 overnight. divers are still searching the river in taiwan for eight missing victims. we have begun to hear from some of the people who survived. the 15 people who lived to talk about the ordeal. >> translator: after takeoff, i felt something wasn't right. something was wrong with the engine. i always take the flight. i told the girl beside me to release

. >> acÁ la fiesta cuyos atuendos provocaron la ira de estudiantes hispanos en ostiaustin . >> fue unn pocnchos sombreros y cascos . >> nosotros abordamos a dos miem miembros de la freaternidad, erpe pero no doerechos dedio declaraciones . >> la intynensiontenciÓn era: infoe(informaciÓn en pantalla( . >> la vicepc residente de la uuniv universidad de texas dice que se asignoÓ un grupo etniÉtnico para lel la i investigaciÓn . >> no se puede hacer algo atan ra racista . >> a lo que la uuniversidad resp respondiÓ . >> hemos recibido 18 reportes h hah hasta ahora en los ultimÚltimos diaÍas de qgente que se ha fonofendido . >> marcos valdÉs nos dice que f fue uno de los que enviÓ una que queja . >> siÍ, mis padres son inmi inmigrantes y me sentÍ enoja enojado . >> se sostiene que staestas fiestas no son acptabeptables y stesta cnontin continaucont abajo investigaciÓn. >> el capitolio de texas fue eces escve enario de soÑadores y manies manifestantes para que puedan pa pagar la misma matricula de los maÁs resientecientes del estado y tb tambiÉn piden el fin a cualquier medida que pueda hace

, it was on the other side about more, more and not clampen up on the ira's and that was about a $20 billion pick-up. well, on the senate floor this ira amendment came up and i won it 51-48 and 19 out of the 20 oily senators voted with me and had i not made that deal i would have lost a couple of them and i would have lost ira and that loses the bill. >> senator bradley? >> the reality is that tax reform was failing, until the pac would counter offensive. and it wasn't like this sprung forth from the head of zeus, right. we had had 30 hearings. the substance has been thoroughly chewed over by the committee. it was familiar territory just put together in a different way. >> thank you, mr. chairman. >> thank you. senator sohn. wait a minute. let me see here. i'm sorry, senator menendez, first. >> all right. thank you both for your testimony which i read at length. i think we all agree we need to simplify the tax code and make it more economically efficient but i always think before we go about the task of comprehensive tax reform, we need to agree what is the end-goals we are trying to

voted with me and had i not made that deal i would have lost a couple of them and i would have lost ira and that loses the bill. >> senator bradley? >> the reality is that tax reform was failing, until the pac would counter offensive. and it wasn't like this sprung forth from the head of zeus, right. we had had 30 hearings. the substance has been thoroughly chewed over by the committee. it was familiar territory just put together in a different way. >> thank you mr. chairman. >> thank you. senator sohn. >> wait a minute. let me see here. i'm sorry senator menendez, first. >> all right. thank you both for your testimony which i read at length. i think we all agree we need to simplify the tax code and make it more economic lyally efficient, but i always think before we go about the task of comprehensive tax reform, we need to agree what is the end-goals we are trying to achieve so we can direct our focus. and i know some of my friends here argue that we should focus solely on corporate tax reform and stock market gains and i think i heard you both say you feed to do it all at the end of t

call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. >>> welcome back minister is in berlin. part of his government's efforts to win support for its debt reduction plan. yanis varoufakis will meet with his german counterpart, so far one of his toughest critics. >> in an unexpected move wednesday, the european central bank abankruptly canceled its acceptance of greek bonds in return for funding. shifting the burden back to athens' central bank to balance its lenders. >> mr. varoufakis looks ready to fashion up the fashion world, as well. >> reporter: yanis varoufakis is a man on a mission. cut greece's debt and renegotiate the bailout deal. but it's not his plan nor his left wing rhetoric that's got tongues wagging in europe. ♪ >> reporter: it's his informal style. in london this week, he unveiled an edgy look. more biker than finish minister. enough to make many on social media fashion experts. >> he look so unprofessional arriving at downing street. uniron unironed untucked shirt and scruffy coat. how can he be taken seriously? >> reporter: thought it

. >> reporter: ira plays keyboard where his dementia and parkinson's no longer defines him. >> i have. i'm not sure what it is, except having something to do that is valuable is important. >> reporter: the band was started by ira and his wife carol who also founded its parent organization music mends minds.org. the music has provided an antidote to her husbandas suffering. >> i think he's much more alert. he's much more interesting. his cognition improved and we have something great to share. we really were losing a connection and he was really slipping away and i can really say that he's back again. >> reporter: the families of these men say the music has made a difference, lowering depression and raising energy, and there's science to support that. u.c.l.a. neurobiologist marco says playing an instrument involves muscle memory in the brain which is not impacted by dementia. >> retrieving all these memories, you may forget what you have eaten at lunch but yet have not forgotten what you've done for many years and for many hours every week using an instrument to create music. you can'

call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira.rld's newest energy superpower. surprised? in fact, america is now the world's number one natural gas producer... and we could soon become number one in oil. because hydraulic fracturing technology is safely recovering lots more oil and natural gas. supporting millions of new jobs. billions in tax revenue... and a new century of american energy security. the new energy superpower? it's red, white and blue. log on to learn more. >>> hello, and welcome to our viewers in the united states and across the world. i'm rosemary church. >> i'm errol barnett. let's update you on our top stories this hour. jordan says it executed two al qaeda prisoners early wednesday. one was will-be suicide bomber sajida al rishawi, an iraqi woman who isis had demanded jordan set free. the two were hanged in retaliation for the isis murder of a jordanian pilot. >>> in the united states at least secretary of people died and -- seven people died and 12 injured when a commuter train hit a jeep near new york city.

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like ira member the last part when he knocks the desk. -- >> i remember the last part when he knocks the desk. >> bang bang. >> iamb watching "house of cards" with carly fiorina. >> it is spooky. >> i'm sorry to interrupt. you are late for jeb bush's speech. >> we are fine. >> some sad news and some breaking news, right after this. >> sad news for us, of course leonard nimoy passing away. present obama said in a statement, "i love spock." peter cook is on capitol hill to talk about what the house is going to do now that the first vote on home and security funding has failed. >> john boehner and his leaders meeting behind closed doors. he was defeated by democrats and 52 house republicans not backing this three-week extension. his main options now according to republicans, either a short-term spending bill that gets into the weekend or perhaps take up the bill that passed the senate that fully funds the dhs through the end of september. >> peter thanks. we will have the latest information on that. for phil, for me, for john, for everyone else here at cpac. stay tuned for more results

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the rest of us are paying taxes mitt romney as $100 million in a tax-sheltered ira -- hard to justifyt. these are right -- indefinitely in the right direction and i was glad to see president obama proposed them. >> what about the issue of social security? republicans are always talking about the need for the government to rein in future budget cost, or what they call the "entitlement programs to kill how does the budget deal with that -- programs" -- how does the budget deal with that? >> his proposal would reduce the cost of living benefit over 10 years, three percent, 20 years 6%. if someone has been collecting social security for 30 years they are looking at 9% less benefit, which is a big deal for a lot of people. that would have been a big deal. that is not there. that is a good story. he has proposals on medicare that are a mixed bag. he is proposing some reductions in payments to drug companies reductions in payments. a subsidy for insurance companies that has no rationale. he is proposing increased cost sharing for high income beneficiaries -- people that are $50,000, $60,000

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, ira rollovers that they would have to act in a customer's best interest. this is a fiduciary duty. you come before your broker or that person's firm. so the rule change is intended to crackdown on what the administration calls back door payments and hidden fees. they say that this costs retirement savers $18 to $17 billion a year. >> sounds good. what's the problem. >> reporter: i know this sounds crazy but the sec is raising a red flag. they are concerned, they say department of labor's contention that the industry is plagued by conflicts of interest has not been proven. they also say the new rules would effectively overhaul all of the regulatory regime that's been in place for 80 years. and i think this is interesting because they say, this could limit small investor access to qualified investment advice and products. the reason being that a lot of big first might say, hey, wait a second unless you have a certain amount of money we don't want to be under this much scrutiny. finally a little bit of a turf battle. the sec argues that the department of labo