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
Coolest innovations around the world From flying cars to floating schools, these innovations are improving the lives of people around the world. More
6 luxury getaways to escape your digital life Step away from your smartphone. No Facebook or Twitter here. These are six places where luxury travel agents send clients looking to unplug and experience the ultimate digital-detox getaway. More
Most reliable cars - Consumer Reports These cars, trucks and SUVs scored best in the magazine's latest survey of vehicle owners. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.