Bad news about plant closings.
In the news lately there has been lots of coverage about plant closings: John Deere in Woodstock, Dow Chemical in Sarnia, and Dana in this area.
The news is worrisome because it appears the employees will lose their jobs and not be relocated to another branch. This means there are less people contributing to the economy and having to scramble to cover their monthly expenses.
Some of the jobs will not be lost for 1 or more years, but others will be lost immediately.
When this type of news is received, most of us look to see how secure our current jobs are. How are our finances? Could we survive if I or my spouse lost our jobs?
If you are finding yourself in this situation, you need to review your finances now, not when it happens. If you may lose your job in a year or two, can you do something now that would help alleviate the financial difficulties at that time?
Now is when you should seek financial advice. You can contact us by calling locally at 519-435-1500 or 310-PLAN. You will talk to one of our professionals and set you up with an appointment with myself, Norma Yau, to discuss your options.
Get a start to a better financial future by calling us now.
