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Personal Finances / Living Below Your Means

URL:  http://boards.fool.com/im-glad-it-was-an-option-for-you-but-youre-30606130.aspx

Subject:  Re: Since you asked... Date:  3/25/2013  3:42 PM
Author:  Brooklyn1948 Number:  872802 of 884273

I'm glad it was an option for you, but you're talking retirement at that age, not a possibly devastating loss of income and/or a need to literally rethink someone's entire life.



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Oh, it's impossible to tell one's entire life story in one thread.
Yes, we suffered a devastating loss of income thirteen years ago.
It came as a huge shock as my husband was only 52 years old age. We had to sell our house to raise cash, move to another state because my husband landed a job that paid him 50% less than what he was making in NY City. That job didn't pan out and we came back home. Got a job at Bear Stearns and most of us know how that went. He was very fortunate that he was one of the 2 1/2% of the employees who got to keep their jobs after JPMorgan took over.
Yes, we've had to rethink our lives and not just due to job losses and loss of income. I have had to deal with life changing illnesses in the past ten years.
Well, I guess you get the picture.
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