Many people are swept up in buying gifts for their loved ones this time of year, but you can't forget to wrap up your financial obligations! Chris Hogan, Financial Expert and Author of "Retire Inspired", joins Your Cheddar to discuss what you need to do before the ball drops to ring in the new year.
Hogan says it's important to take a look at any leftover money from your 2017 budget and look at retirement options. You may still have time to increase your 401(k) contribution and consider contributing your yearly bonus toward retirement.
Plus, how certain states will be impacted by the Senate passing its tax reform bill. Hogan advises people to make sure all their paperwork is in order so they hit any end-of-the-year deadlines.
Tom McNeela, chief RIA solutions officer with RetireOne, joined Cheddar News to explain how people can use their life insurance policies for an emergency loan. "There's a lot of advantages and opportunities with permanent life insurance policy," he said, "if you have one, and there's cash value in there, you can take a loan out, and most of the time, it's a better rate than what you can get at your bank."
Cheddar News checks in on The Day Ahead as more earnings are on tap from companies Thursday including Apple, Lyft, Kellogg and Expedia while Vice President is expected to meet with some top tech CEOs to discuss the rapid development of artificial intelligence.
Meta is warning that cybercriminals are tricking people into downloading programs that can steal valuable information on fake ChatGPT offers. Cheddar News explains how Meta has observed hundreds of malicious links on its platform.
The 11,500 members of the Writers Guild of America went on strike this week after negotiations with Hollywood studios that began in March failed to result in an agreement.
Will McDonough, founder and CEO of EMG Advisors, joined Cheddar News to discuss Wednesday's trading session after the Federal Reserve raised rates by 0.25% as tighter credit conditions continue to affect small- and medium-sized businesses.
