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.

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
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