Unemployment Benefits To Be Extended

November 14, 2009

There’s at least a glimmer of hope for people who are currently unemployed.  The Senate voted on Wednesday to extend unemployment benefits by up to 20 weeks for people currently collecting unemployment.  Most states will receive a 14 week extension, but states with unemployment rates in excess of 8.5% will receive an additional 6 weeks, for a total extension of 20 weeks.

People who have already exhausted their unemployment benefits can reapply for additional benefits under this bill.

The bill still has to get through the House and then must be signed by the President, but it is not expected to change much before the final passing.  This is expected to be the last extension for unemployment benefits.

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Kristine McKinley, CFP®, CPA, is the founding principal of Beacon Financial Advisors, LLC, an independent, fee-only financial planning firm located in Lee’s Summit, Missouri. Kristine focuses on providing fee-only financial planning, investment advice, and tax preparation to individuals and families from all income levels. Continue reading About Us

In the News

USA Weekend, July 2010 – Richard Eisenberg interviews Kristine McKinley and other financial planners on how to give your 401(k) a midyear check.

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