should i put money in a roth ira account or a regular one? let's start with a roth ira. to, unless they make less than $153,000 per year. i think aside from the earned income tax credit and all the temporary covid stimulus, the roth ira might be the single greatest thing our government has done for low income families since the end of the war on poverty, which at best ended at draw with poverty possibly winning on points. i make the limits for the i.r.a. investing the same as limits for 401(k). that will be a theme for the rest of the year. but, doesn't seem to care because they make a lot more money off of 401(k) plans. there is no other reason i can find for what you can contribute roughly three times as much money to an i.r.a., i'm sorry, to a 401(k) as an i.r.a. three times, 401(k) over i.r.a. let's say this. you put $10,000 in an i.r.a. per year, much more than the current cap. and even higher than what the contribution than it would have been if you just started in 1975, and adjusted the initial guidelines for inflation. yes, i am championing $10,000 or bust. i am

child chooses not to go to college, the funds can also be transferred to a beneficiary's plan or roth iras for a grandchild reporting in the newsroom. kamaria scare >> all right. time for our 4 zone forecast as we take a live look at the bay bridge in galle is back. gaylor was a beautiful day. i know it was very pleasant and expect a repeat tomorrow for the labor day holiday. before we start to >> heat things up because it's going to be hot inland. once again, you'll see that in this extended forecast in just a moment. but let's take a look at this live picture of the golden gate bridge. you can see a mostly clear rate, but then the fog is starting to roll in. this is always a really cool shot where you see that bridge just glowing in the dark. so here's the future cast model. we have that you see the fog present here on the map and that will be overnight lingering into the morning. but things will start to clear out just in time for those holiday activities, outdoor activities. very nice days. you can see clear as day for your holiday tomorrow. let's head to the sierra. there is a red fla

child chooses not to go to college, the funds can also be transferred to a beneficiary's plan or roth iras or stay for a grandchild reporting in the newsroom. kamaria scare up. >> a new study says roughly one in 10 middle and high school students know somebody who has created fake nudes of other students. >> the study says 11% of those polled of friends or classmates who have used artificial intelligence to do that. and a 4th of the students polled say they've seen deep fake photo or video of a classmate. and this comes as an artificial intelligence safety bill is set to be voted on by california senators. the bill requires safety testing for advanced ai models. google meta openai against this proposed law. elon musk is among those in support of the bill. the virginia family who filed a wrongful death lawsuit because of a listeria outbreak from boar's head deli meat is speaking out. an 88 year-old man died in july after aging liverwurst. that was part of a recall. the problem traced back to a boar's head deli product and investigators went on to uncover health violations at a boar's head p

and we have, for example, the ceo of walmart has in his roth ira or some version of ira of $170 million. we got peter thiel was $5 billion in his ira, $5 billion. and because there are these tricks that have been allowed, these loopholes that allow you to do things like put in stock options, value them as basically worthless. and yet they have enormous value. and then suddenly your ira, what social value do we have in tax sheltering hundreds of millions of dollars for the richest americans for retirement? they're already rich, so they don't already have retirement all set. i do not see much value in that. why are we enabling them to dodge taxes to the tunes of hundreds of millions of dollars in these accounts? and if we fix that so that we protect iras, so that people can have a decent retirement, not have it be a tax dodge for mega millionaires, couldn't we fund a good share of the social security shortfall? >> senator you're trying to drag , me into the policy arena, which i realize is your prerogative and not mine. [laughter] >> i invite you to join me in that. [laughter] >> i will s