40 of 65
BACKNEXT
Don Horton: 401(k) raided
Don Horton: 401(k) raided
Don with his daughter, Mariah, and wife, Michelle
Nuclear security officer, 37, Streator, Ill.

I lost my job in September 2007. I was putting into a 401(k) for the last couple of years prior to losing my job. I only had a little over $30,000 in my account.

Of course I had several credit cards, a house payment, utilities and two car loans. I didn't know what I was going to do. I decided to painfully cash out my 401(k) to survive. After the penalties, I walked away with just over $19,000.

I paid off several bills to alleviate some of the pressure, but the good thing is that I was only unemployed for 18 days before taking another job at $6 less an hour.

We are back living paycheck to paycheck but do have some savings -- not much, but enough to sustain us for a month if something else ever did happen. My goal is to get that up to at least six months.

NEXT: Jessica Jelinski: Collectors call daily
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
Awesome car options for first-time buyers There are lots of good options for millennials shopping for their first car. These models might not be the most popular, but they're worth considering. More
6 surprising things for sale on Taobao Consumers can buy just about anything and get it shipped to their door from Alibaba's Taobao, China's most popular online shopping platform. More
Most notorious recalls ever It's not just automakers that issue massive recalls. From lawn darts to Pokemon balls, plenty of other consumer products have been deemed dangerous, or worse, deadly. More

Special Offer