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Is There Life After UPS?
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<blockquote data-quote="Channahon" data-source="post: 318208" data-attributes="member: 7666"><p>I can only speak from my experience planning for retirement. Save as much as you can in 401K's, IRA's and other investment opportunities as provided by a financial planner or advisor.</p><p> </p><p>Then I minimized as much debt as I could before I left UPS. Not always an easy thing to do based on our standard of living, but nonetheless, attainable to a certain extent.</p><p> </p><p>Then about 5 years before retirement, ensure you have a diverse portfolio. Start small and work your way into diversity with your monies. Hard to do, especially for me in management with UPS stock, (Bears, Stern is a good example) About 1/3 of their stock was held by employees, over a year ago, the stock was at $180.00 and dropped to $2.00 when the company was sold. So you never want all your eggs in one basket, so to speak.</p><p> </p><p>Now I have never turned over all my finances to any investment firm, although that is their goal.</p><p> </p><p>Anyways, UPS retirement as far as I know is one of the best around, for both management, non management and union employees.</p></blockquote><p></p>
[QUOTE="Channahon, post: 318208, member: 7666"] I can only speak from my experience planning for retirement. Save as much as you can in 401K's, IRA's and other investment opportunities as provided by a financial planner or advisor. Then I minimized as much debt as I could before I left UPS. Not always an easy thing to do based on our standard of living, but nonetheless, attainable to a certain extent. Then about 5 years before retirement, ensure you have a diverse portfolio. Start small and work your way into diversity with your monies. Hard to do, especially for me in management with UPS stock, (Bears, Stern is a good example) About 1/3 of their stock was held by employees, over a year ago, the stock was at $180.00 and dropped to $2.00 when the company was sold. So you never want all your eggs in one basket, so to speak. Now I have never turned over all my finances to any investment firm, although that is their goal. Anyways, UPS retirement as far as I know is one of the best around, for both management, non management and union employees. [/QUOTE]
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