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Financial advisor explains how Fed rate hike affects borrowing and saving

KIDK Eyewitness News 3 anchor Todd Kunz interviews Pat Trimp of Trimp Wealth Management in Idaho Falls about the quarter point rate hike by the Fed Wednesday.

Trimp talked about how this will affect borrowing money or saving. Trimp explains what you should do for with a 401(k) or retirement savings. They also look ahead to the closeout of the year and what can be expected in 2019.

Trimp Wealth Management is hosting an open house Thurs. and Fri. from 11 a.m. to 4 p.m. each day. It is located at 1355 Fremont Ave. in Idaho Falls or 208-542-0161.

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