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April 10, 2008 at 08:00 PM
No, but it didn’t used to be that way. I gave my ex-wife a $300,000 house, so I’ve been living in an apartment since my divorce. I do have some investments and retirement plans in place, but I’m not sure how a recession will affect that money. By the time I quit working, who knows how much I’ll have.”
- Eric G., 62
Eagle, Colo.
I really don’t think so. My wife hasn’t worked in years because of a disability, and we’ve already downsized to a smaller house to save money. I’m 62, self-employed and don’t get any pension or 401(k) funding, and my wife just has a small IRA. We’re hoping to build up more equity in our house before I can’t work anymore.”
- Frank C., 62
Springfield, Mo.
