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Is There Life After UPS?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 318215" data-attributes="member: 12570"><p>Max out your 401k, minimize and/or eliminate your debt, pay down your mortgage, and establish a budget so that you can track income and expenses to "get the big" financial "picture". You would most likely be amazed at how much money you actually "waste" on a monthly basis. I did and I was blown away and made immediate changes, which allowed me to double my 401k weekly contribution percentage to 20%. When you get closer to retirement, do what you can to further eliminate debt and ask yourself what you plan to do during your retirement, whether it be travel, start a business, volunteer, or play golf each and every day, rain or shine, and work to ensure that you will not be limited in these pursuits by financial constraints. Social Security will still be there but should be thought of as gravy. When you turn 62 look in to a reverse mortgage and see if that is a viable option for you in your particular situation. Above all, stay active--we have all seen or heard of retirees who simply stop and are dead within 6 months of retirement.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 318215, member: 12570"] Max out your 401k, minimize and/or eliminate your debt, pay down your mortgage, and establish a budget so that you can track income and expenses to "get the big" financial "picture". You would most likely be amazed at how much money you actually "waste" on a monthly basis. I did and I was blown away and made immediate changes, which allowed me to double my 401k weekly contribution percentage to 20%. When you get closer to retirement, do what you can to further eliminate debt and ask yourself what you plan to do during your retirement, whether it be travel, start a business, volunteer, or play golf each and every day, rain or shine, and work to ensure that you will not be limited in these pursuits by financial constraints. Social Security will still be there but should be thought of as gravy. When you turn 62 look in to a reverse mortgage and see if that is a viable option for you in your particular situation. Above all, stay active--we have all seen or heard of retirees who simply stop and are dead within 6 months of retirement. [/QUOTE]
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