Recently our area has been hit hard by the closing of RG Steel. It has been reported that as of August 31st 2012, the health benefits for the United Steelworks of America Members has been terminated. This has left many employees, whether laid off or not, seeking health benefits at market rates or individual and family rates rather than the group rates enjoyed by large employers. This has understandably put financial pressure on the affected households.
Many workers are now considering their options. It may be tempting to automatically decide to liquidate one’s 401k or other qualified investments. But is the this the best option to preserve one’s assets and protect the family?
If you are concerned about your financial future and need to understand your options give us a call at our Weirton office at 304.914.3573 or our Steubenville office at 740.264.3700 or visit our website: www.islalawoffices.com.