Gerri well, if you watch the show anytime at all ive been warning about this for some time. Now it is taking a step closer to reality. Listen to this. The government wants to raid your retirement account. Thats right. In his new budget to congress, next month, the president will propose a broad range of new tax hikes specifically targeting people who have spent years saving for retirement. Probably like you and me. Ric edelman, from edelman financial will be here in just a second to talk about that. But first, the white house has officially thrown in the towel on deficit reduction. The president s new budget contains more spending and more tax hikes. The center of the president s plan to reduce the deficit, a cut in Social Security benefits, now gone. Here with the latest is heritage foundations romania. Great to have you here. Were talking in the show tonight how the government wants to crack down, have people save less money for retirement. My question was, what do you want to spend
Gerri well, if you watch the show anytime at all ive been warning about this for some time. Now it i taking a step closer to reality. Listen to this. The government wants to raid your retirement account. Thatsight. In his new budget to congress, next month, the president will propose a broad range of new tax hikes specificallyargeting people who have spent years saving for rtirement. Probably like you and me. Ric edelman, from edelman financial will be here in just a second to talk about that. But first, the white house has officially thrown in the towel on deficit reduction. The president s new budget contains more spending and more tax hikes. The center of the president s an to reduce the deficit, a cut in Social Security benefits, now gone. Here with the latest is heritage foundations romania. Great to have you here. Were talking in the show tonight how the government wants to crack down, have people save less money for retirement. My question was, what do you want to spend that on
Gerri well, if you watch the show anytime at all ive been warning about this f some time. Now it is taking a step closer to reality. List to this. The government wants to raid your retirement account. Thats right. In his new budget to congress, next month, the president wl propose a broad range of new tax hikes specifically targeting people who have spent years saving for retirement. Probably like you and me. Ric edelman, from edelman financial will be here in just a second to talk about that. But first, the white house has officially thrown in the towel on dicit reduction. The president s new budget ntains more spending and mor tax hikes. The center of the president s plan to reduce the deficit, a cut in Social Security benefits, w gone. Here with the latest is heritage foundations romania. Great to have y here. Were talking in the show tonight how the goverent wants to crack down, have people save less money for retirement. My question was, what do you want to spend that on . Now i u
Their smartphone. Apple might be getting into mobile payments at jt the right time because after the credit card breaches at tget, pf changs, michaels, sallys beauty and supervalu, the latest home depot could apple put an end to Security Breaches . Theyre to weigh in, Richard Crone with crown consulting that working with retailers on payment technologies. Great to have you here, richard. Tell us how the iwall would work . No one knows for sure, but get an idea how apple might have it work you can go into the apple store today use something easy pay with the apple store app. It allows you to scan product, get information and pay using your itunes account. There has been speculation about the addition of mobile payment with every iphone. This time theyre anticipated to add something known as a Near Field Communications chip that aowsou to tap the phone at the merchants point of sale and pay. Gerri that is what i want to talk to you about is near field technology. Can you explain to us in
Company he founded nearly 50 years ago, coming up with sallie kr krawcheck. Stay tuned for these exclusive interviews next hour. Plus, is it ever okay to borrow against your 401 k . A top money manager says no, never. Just dont do it. Its explained in a piece burning up cnbc. Com today and the author will join us to make his case. Before all of that, lets look at where markets are trading. Dow off by about 75 points today. Second straight day here with the red arrows. S p off 9 to 9. 92. So much seems to hang on the fate of the apple watch. They were up the best part of 3 and then falling back as the market did. Joining us, 8 gain for the s p so far this year. Where do you think well trade from here . I think in the short run probably tread water and be in a range between 1920 and 2000 on the s p. Earnings coming in to solidify for next year. We have 130 for next year. A 16 month to that, theres fits and starts for people the use the cash. Lets just bottom line what youre saying there.