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.

3 of 65
BACKNEXT
Charles Karriker: Retirement interrupted
Retired, 57, Hampton, Ark.

I retired about 12 years ago after thinking that I had enough of a "nest egg" to live comfortably. My home was mine (no mortgage... thank God!) and life was good - until lately.

I have most of my money invested in relatively "safe" mutual funds, but the value of those has steadily gone down to where I have considered going back to work. I realize that I am still much better off than many Americans but I have seen the plans that I made 10 to12 years ago become unrealistic in the present economic situation.

At the moment, I live in a rural area which unfortunately has very limited job opportunities for someone with my educational background (psychology). I can't afford to move to an area where I might actually be able to find a good job. And after having been out of the job market for 12 years - and considering my age - there are few places which will give me serious consideration as a potential employee.

There are certainly many, many people who have much worse problems than I do, but the state of the U.S. economy is having a negative effect on everyone. I will probably be able to weather the storm IF the economy begins to turn itself around fairly soon. If it does not, I am completely uncertain as to whether or not I will eventually be working the graveyard shift at the local convenience store just to keep the bills paid.

NEXT: Candace Schultz: Everything at risk
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
A look at Sears through the years Now Sears has officially said its business has an uncertain future, here's a look at photographs that documents the store's rich history. More
Coolest hotel bars for business travelers in 2017 CNNMoney asked a high-end concierge service for routine business travelers what hotel bars they'd recommend in 4 major U.S. cities. Here are the best spots. More
Top credit cards for business travelers 2017 Just like a pair of pants, there's no 'one size fits all' when it comes to the best credit cards for travelers. More

Special Offer