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Plan Well, Retire Well

Saving and investing your money

79 Weeks and Counting!

Currently the national law allows people to collect unemployment benefits for 79 weeks. 79 weeks is already an extension of the usual time limit for unemployment and, yet, legislation is being considered that would extend this benefit time. Why? Because many people have been unemployed for longer than 79 weeks, and the number of people unemployed continues to increase.

According to a recent article in the New York Times, "Some 5 million people, about one-third of those unemployed, have been without a job for six months, the highest number since data was first collected in 1948. There are nearly six unemployed for every available job."

The questions people are asking me lately are very different from the types of questions I received a couple of years ago. Now people call wondering where to go for bankruptcy counseling? Or, how they can pay for college when expected loans are suddenly not available?

If you're facing financial challenges, now is a good time to seek help so that you can make informed decisions. University of Illinois Extension has several websites that can help you.

Getting Through Tough Financial Times provides clear information and strategies to manage your finances with reduced income.

Choosing a Financial Professional discusses how to evaluate financial professionals and to choose one that is a good match for your needs.

Plan Well, Retire Well: Your how-to guide features saving money tips and information to help you understand retirement plans such as 401(k)s and IRAs.

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