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<blockquote data-quote="wkmac" data-source="post: 1608619" data-attributes="member: 2189">To all the young UPSers out there, even though most of you will not be impacted by the situation at CS, take this event to heart and plan for your retirement years using many baskets.&nbsp; Nothing is ever a sure bet and right now that retirement may seem almost an impossible amount of time away but it comes oh so much quicker than you realize.&nbsp; Plan accordingly for that day.I made a decision a very long time ago when UPS first offered the 401k to avail myself of it and I choose a kind of tortoise approach rather than the hare.&nbsp; Today with just a couple of years left, should the unthinkable happen to our UPS retirement or even to UPS, my 401k can all but replace the amount of my retirement dollar for dollar.&nbsp; And I&#039;ve got a 3rd option should the 401k suffer.Use this time to observe what it happening to so many good people who thought things would stay the same but face a possible reality that things don&#039;t.&nbsp; Learn from our mistakes and make efforts not to repeat them.&nbsp; It starts out small and it seems like it never grows but then one day it becomes a nice hefty amount and then it&#039;s amazing how much it leaps in value as a result of it&#039;s size and scale. Best wishes to you.</blockquote>

[QUOTE="wkmac, post: 1608619, member: 2189"] To all the young UPSers out there, even though most of you will not be impacted by the situation at CS, take this event to heart and plan for your retirement years using many baskets. Nothing is ever a sure bet and right now that retirement may seem almost an impossible amount of time away but it comes oh so much quicker than you realize. Plan accordingly for that day. I made a decision a very long time ago when UPS first offered the 401k to avail myself of it and I choose a kind of tortoise approach rather than the hare. Today with just a couple of years left, should the unthinkable happen to our UPS retirement or even to UPS, my 401k can all but replace the amount of my retirement dollar for dollar. And I've got a 3rd option should the 401k suffer. Use this time to observe what it happening to so many good people who thought things would stay the same but face a possible reality that things don't. Learn from our mistakes and make efforts not to repeat them. It starts out small and it seems like it never grows but then one day it becomes a nice hefty amount and then it's amazing how much it leaps in value as a result of it's size and scale. Best wishes to you. [/QUOTE]

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