a roth 401(k) or roth ira lets you pay those low rates now and never worry about taxes again for your so the less you make, the more likely it is that a roth is for you. it's that simple and when you're saving for retirement, don't worry about what could go catastrophically wrong 30 or 40 years in the future just worry about making the best choices right now. "mad money" is back after the break. >> that's the sound of shorts getting crushed. >> the best cheesesteaks in philly. >> like the first one. the second is wrong because it's gino's, but that's all right there is no accounting for taste. go ahead >> i want to be in any garden. billions of dollars to moscow for natural grass -- shoot now international chain, as much as i like my cappuccino with skim milk. my old friend jack daniels -- i'm sorry, jack henry, jack henry and associates tony in massachusetts. tony [ crickets ] tony hold it. you know what i'm thinking about taking sheri in maryland sheri? [ cricketing ] sheri? >> i bet you can't eat just one. oops, no why did i want a crest 3d white smile? dinner date...meeting his pa

a roth ira?ious. >> well, one of the great benefits of a roth is that you can withdraw the contributions at any tim s tax-frce they went in after tax. so for a lot of people,ou know, putting money away in a roth seems at age 15, it seems like retirement is so far away they can u it for, you know, qualified educational expenses or their first-time p hochase and you know, in later years, but it's a great way to gethat habit going of saving for retirement and putting some of your ened income away. >> you say it's really a teachi moment and tha the parent can contribute, certainly, but it's the time that you should takeour child and teach them about compounding and really a life lesson in money. >> right. exactly. it's a great opportunity, say, you know, talk about how much should you earn this week. how much should you putway for savings and how it can grow. that's exactly right. >> it occurred to me when i heard about this. you started this two y ars. what took so long? i know you did it because of

. >> are one of the biggest fans of roth iras this expansion of without the limitations were perhaps income or limitations. they'd be much more freer. i know people from canada and they love these. if this is a caveat to be fantastic and great for people with savings for the future. cheryl: redeemer savings. that's for darn sure. the d.c. this morning. >> absolutely, you two. cheryl: wildfires continue to burn out west. in the heart of yosemite national park now closed. in the northeast, the wet weather forecast will be coming out. we are watching your futures watching your futures right now that the dow right now that the dow was down to in the free market, s&p down. nasdaq up one and three quarters. you are watching "fbn:am." insurance that won't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a fligh

if you don't have health care coverage, the fact that you have saying let's give everyone a roth ira to solve poverty. rep. roskam: plain language of the bill i voted for says nothing permits insurance to limit access to health coverage for individuals with pre-existing conditions. ife is where we are now -- you are in the sixth congressional district today, and you are in mchenry county and you are in the exchange, there is one insurance company you can choose. that is not an option. that is not an invitation for greatness. that is a manipulation for people. why is it after the passage of the aca we are so restless? because they overpromised and the under delivered. underdelivered. >> you talk about republican sabotage. the congressman points out one insurer. my brother-in-law is getting clobbered with skyhigh premiums and deductibles. mr. casten: let's look at the facts. is the aca perfect? is there ever a built that was perfect? probably not. for 16 years, i was running companies. every year we saw health insurance premiums go up every year. >> what will you do for the small busin

don't have health care coverage, the fact that you have a hsa is like saying let's give everyone a roth ira to solve poverty. rep. roskam: plain language of the bill i voted for says nothing permits insurance to limit access to health coverage for individuals with pre-existing conditions. here is where we are now -- if you are in the sixth congressional district today, and you are in mchenry county and you are in the exchange, there is one insurance company you can choose. that is not an option. that is not an invitation for greatness. that is a manipulation for people. why is it after the passage of the aca we are so restless? because they overpromised and they underdelivered. >> you talk about republican sabotage. the congressman points out one insurer. my brother-in-law is getting clobbered with skyhigh premiums and deductibles. mr. casten: let's look at the facts. is the aca perfect? has there ever been a bill that was perfect? probably not. for 16 years, i was running companies. every year we saw health insurance premiums go up every year. >> what will you do for the small business guy

the comment i can come back to is -- this law many ways, can act like a 401(k) or a roth ira. y type of long-term investment. ira, you are limited to 5500 bucks a year to invest in ira. if you're lucky enough to have extra cash, there is an opportunity to invest in these opportunities. -- can poole like a all this money and have a giant fund to invest. it has not happened yet but there's no reason why cannot. host: steve, you're next. theer: my question is about -- taking targets for these opportunity zones. that if he didn more research and picture targets carefully, you could ask the have a chance at success and you could eliminate a lot of chance for the correction. it is a great point. the governor of each state worked with the mayors to pick the zones. they want to make opportunity zones in cities and communities that have a fighting chance. this will be all about collusion, but collusion and the best way. you went to have all the money pour in. you want to have real estate investors fixing the housing. coming in and doing job training and getting home loans to people who

roth iras allow penalty-free withdrawals of up to $10,000 for first-time home purchases. who say, hey, it's a good financial investment. dagen. dagen: but, gerri, here's or what i'll argue. if you actually borrow from your 401(k) and your company -- it's up to whether your company allows it -- it doesn't trigger as long as you begin to repay it, you don't have to pay the penalty and you don't have to pay tax on it. you can take your own money out of your 401(k) plan, and it's automatically repaid through paycheck deduction. >> and the problem with that, okay -- dagen: so you think there's a problem? >> yes, i do. dagen: i know plenty of people who have done it. >> everybody does it. 20% of folks have a loan out against their 401(k), but when you take that money out, it automatically reduces your take-home because you're paying that back immediately through rules on, you know, your income, right? secondly, you're probably going to end up selling high and buying -- or buying low and selling high, because you'll sell when the s&p is at one level and by the time you're ready