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
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More
Hot stocks: 10 record breaking companies The S&P 500 is trading at all-time highs, and many well-known businesses are leading the charge. Time to buy or sell? More
My biggest retirement mistake Five CNNMoney readers share stories about saving that you can learn from. What they would do differently if they had another chance. More

Special Offer
Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.