Callahan. And Douglas Fisher from the American Retirement association talks about 401 k plans and other Retirement Savings programs that could be defected by the tax efforts in congress. Host good morning. Today is the expected day Robert Mueller will reveal his first indictment into the investigation into the 2016 election. Rex tillerson and jim mattis will be before congress to give their views in the authorization for the use of military force. On capitol hill, republicans are set to unveil their plans for tax reform. A key group against it already. What will happen to Retirement Savings plans, like 401ks . We want to hear from you about retirement and how you are set. When do you expect to retire. We have divided the lines differently. Under the age of 42, 202 7488000. 2 to 65, 202 7488001 if you are over 65, 202 7488002. Ou can post on Facebook Gallup took a poll of people about retirement issues and if they plan to work after retirement. Here is one of the results. Say they will
As the flames spread. First 10 acres, then 25, finally reaching 45 acres in the cogan and san filippo drive areas before 7 00. The conditions were perfect for this fire to get out of control. The conditions, i mean with a high winds, low humidity levels, s prime , for a wildfire. It could have really blown out. Chris were you scared that you were going to lose your house . Karen roan yeah. Once i did come home and see everything, yeah. Chris even into the night, there are still hotspots in the woods there. Crews are working to put those hot spots out. But take a look at this. This is how close the fire came actually came to one of the homes here. Literally just several feet. Besides the melted siding, karen roan s home was spared. Wesh 2 was allowed to ride along with crews as they worked into the night. Smoke still filled the air. The fire is now 100 contained. But a word of caution for many who are already on guard. Cliff frazier that doesn t mean it s dead out. Karen roan i m glad t
Saving for retirement and savings stated after retirement. And you reap lord says americans s accounts are rising. This is just under two hours. The finance committee will come to order. Would you take a look at the state of Retirement Savings in america, it is clear that something is out of whack. The american taxpayer subsidizes retirement accounts. Still millions of americans nearing retirement have little or nothing saved. The fact is the incentives and savings in the american tax code are not getting to those who need them most. Of the pack savings has about 59,000 set aside for retirement. According to the Government Accountability office, 9000 taxpayers have fire a ira accounts worth 5 million. It would take several lifetimes of work for the typical middleclass american to save that much money. How did the massive ira accounts come to be . In many cases they seem to be stock deals that most investors would never have access to. Executive buy stocks at a special rockbottom price
At costco. Their Earnings Report is out today. Very interesting. Is it a canary in a coal mine for the question of whether well see more inflation down the road . Costco said pricier merchandise. What they have to pay for the merchandise ate into their bottom line. Is that the biggest sign that inflation is about to hit the average american more than it already has. Well look at that later. It is all about how they pass those costs on. Thats an important debate. But were also going to talk about comments made by blackrocks larry fink. Hes rattled the Exchange Traded funds world by warning that the enstir industry entire industry is at risk. Well ask a chief invest. Ment strategist at wisdom tree if hes just as worried as larry fink is. Right now we had a little pop in the market about 20 minutes ago. Took us to the highs of the session. The dow is up 51 points right now. That is the high of the day. 16,684. Again were about 30 points away from an alltime high there. The nasdaq is up 20
Role of dads has changed. Were kicking off a week of honest revelations and cantmiss surprises, today, monday, june 9th, 2014. From nbc news, this is today, with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. Good morning, everyone. Welcome to today on a rainy monday morning. Matt has the morning off. So willie geist is filling in. Good to be with you all. Another big story were going to be talking about this morning, California Chrome failing to win the triple crown at the belmont. A lot of people talked about the interview that steve coburn gave afterward. Hes one of the coowners of California Chrome. Fiery, going after the owners of the winner tonalist. Were going to talk to bob costas about that in just a couple minutes. A lot of people are saying, the comments of a sore loser or is he making a good point . Well talk to bob in a few minutes. But were going to get to todays top story. That deadly shooting in las vegas. It all started when two Police Offic