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<blockquote data-quote="UPS Lifer" data-source="post: 200365" data-attributes="member: 9789"><p>"Something better" is a matter of perspective. The folks in the X and Y generation will continue this into the future. All companies will be developing ways to address this challenge. However...this is a personal perspective that I have. I watched my wife leave one company after another for "something better". In the long run, there was slightly more money and better title and more responsibility BUT nothing that would keep her stable through retirement. </p><p></p><p>On the other hand, I kept wrestling with the want ads from time-to-time but I stuck it out with UPS. I am glad I did. We would both still be working if I had left for "something better".</p><p></p><p>Best advice I could give you is save and invest like there is no tomorrow...so you can feel that you can have the independance that "something better" will bring along. Don't plan for a pension....make your own. I did that with SS also...anything I get will be a bonus! But I am not depending on it. Create investments with cash flow and continue to invest the "cash flow". don't over-leverage your investments...if something does go wrong you need to be able to pay for your assets. </p><p></p><p>It is my opinion and only my opinion that UPS will be one of the last companies to abandon the pension. But I feel they will offer alternative investing strategies that will help with the transition. </p><p></p><p>Remember - the grass is always greener looking on the other side of the fence. The trick is to get a your own green thumb.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 200365, member: 9789"] "Something better" is a matter of perspective. The folks in the X and Y generation will continue this into the future. All companies will be developing ways to address this challenge. However...this is a personal perspective that I have. I watched my wife leave one company after another for "something better". In the long run, there was slightly more money and better title and more responsibility BUT nothing that would keep her stable through retirement. On the other hand, I kept wrestling with the want ads from time-to-time but I stuck it out with UPS. I am glad I did. We would both still be working if I had left for "something better". Best advice I could give you is save and invest like there is no tomorrow...so you can feel that you can have the independance that "something better" will bring along. Don't plan for a pension....make your own. I did that with SS also...anything I get will be a bonus! But I am not depending on it. Create investments with cash flow and continue to invest the "cash flow". don't over-leverage your investments...if something does go wrong you need to be able to pay for your assets. It is my opinion and only my opinion that UPS will be one of the last companies to abandon the pension. But I feel they will offer alternative investing strategies that will help with the transition. Remember - the grass is always greener looking on the other side of the fence. The trick is to get a your own green thumb. [/QUOTE]
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