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Brown Cafe UPS Forum
UPS Union Issues
As of Today, Do You Feel the TA Will Pass or Fail?
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<blockquote data-quote="Bagels" data-source="post: 1151306" data-attributes="member: 43436"><p>I absolutely encourage saving, but I write my comments to stimulate thinking among those who've been driven to believe they need X amount of dollars in their 401K before they can retire. I've been to many seminars in which patrons are encouraged to carry huge, costly debt as a necessary sacrifice toward retirement saving, or to work longer than they may need to reach the same goal. Often, this advice isn't within people's best interests & is encourage only because the many people who manage your money (who may very well believe what they preach) earn huge fees off it. As it is, the average family pays $4300 annually toward inferior health care benefits, does not receive ANY company-provided retirement benefits but manages to get by.</p><p></p><p>I often hear around the shop that 'you should have X dollars saved in your 401K to retire,' and read similar advice on BC. I'm just merely stimulating the thought process that for many, this isn't true. Life slows down as we get older, and material needs transition toward psychological ones. In essence, many are not saving for their retirement but instead somebody's inheritance.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1151306, member: 43436"] I absolutely encourage saving, but I write my comments to stimulate thinking among those who've been driven to believe they need X amount of dollars in their 401K before they can retire. I've been to many seminars in which patrons are encouraged to carry huge, costly debt as a necessary sacrifice toward retirement saving, or to work longer than they may need to reach the same goal. Often, this advice isn't within people's best interests & is encourage only because the many people who manage your money (who may very well believe what they preach) earn huge fees off it. As it is, the average family pays $4300 annually toward inferior health care benefits, does not receive ANY company-provided retirement benefits but manages to get by. I often hear around the shop that 'you should have X dollars saved in your 401K to retire,' and read similar advice on BC. I'm just merely stimulating the thought process that for many, this isn't true. Life slows down as we get older, and material needs transition toward psychological ones. In essence, many are not saving for their retirement but instead somebody's inheritance. [/QUOTE]
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As of Today, Do You Feel the TA Will Pass or Fail?
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