[Jay Caldwell]

For me the issue is with Dropbox. If I save the file in a folder on my desktop the save problem never occurred. But when the file is saved in a folder on dropbox is when I would get the error. I did what @JeroenRommelaars suggested and paused the syncing to dropbox. Voila save issue solved, never got the error.

Having to turn on and off dropbox syncing to save a file is an unnecessary step. So now we need to figure out why Premiere has problem saving a file to dropbox with syncing on.