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Brown Cafe UPS Forum
UPS Partners
First Time MIP Incentive Award
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<blockquote data-quote="j13501" data-source="post: 1505135" data-attributes="member: 918"><p>There is something else you may want to consider.</p><p></p><p> It was hard for me to save money from my paycheck. I had kids, a mortgage, etc. and money was always tight. MIP is part of your salary, but I always liked the fact that you received your MIP as stock, because getting it was like "forced savings". I honestly think that if they spread it out during the year by adding it to my check, I never would have saved much.</p><p> </p><p>The point is, if you do decide to sell the stock, make sure you invest all the proceeds, don't spend it. It may not seem like much now, but in 30 years, you'll be glad you did.</p></blockquote><p></p>
[QUOTE="j13501, post: 1505135, member: 918"] There is something else you may want to consider. It was hard for me to save money from my paycheck. I had kids, a mortgage, etc. and money was always tight. MIP is part of your salary, but I always liked the fact that you received your MIP as stock, because getting it was like "forced savings". I honestly think that if they spread it out during the year by adding it to my check, I never would have saved much. The point is, if you do decide to sell the stock, make sure you invest all the proceeds, don't spend it. It may not seem like much now, but in 30 years, you'll be glad you did. [/QUOTE]
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