Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

25 of 65
BACKNEXT
Jim Laman: May lose it all
Jim Laman: May lose it all
James with his wife, Mary, and daughters, Alexandra and Anastasia
Materials analyst, 52, Holland, Mich.

I lost my white-collar job with a supplier to the residential building industry in October 2006. Fortunately, I had a 401(k) from a prior employer that my wife and I could both tap into. Right now about 75% of that is gone, and after that, there is nothing, unless I refinance my home, which is not paid for and for which I have a sizable mortgage.

So, right now, I have a daughter waiting to start college, one who needs braces, and the oldest is still at home looking for a job after finishing her BA at a local college. My wife also was "downsized" by a large local company and has been unable to find permanent employment.

On the surface, we look healthy and happy, but in a few months, I may lose it all if something does not happen. It's a mess, but I try to remain positive. I just know that I will have to work until I am no longer able to.

NEXT: Keri Sprenger: In the midst of bankruptcy
Last updated November 15 2009: 6:21 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
The Obama economy in 10 charts President Obama came to office in January 2009 in the midst of the Great Recession. Much has turned around since then, but he's been criticized for a slow recovery. More
Best Jobs in America CNNMoney/PayScale's top 100 careers with big growth, great pay and satisfying work. More
Top-paying jobs Anesthesiologists take home a median $335,000 in salary and bonus annually. What other great careers from CNNMoney and PayScale.com's list of Best Jobs in America offer hefty paychecks? More

Special Offer