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Post Info TOPIC: Kroger 401k
Anonymous

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Kroger 401k
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trying to get my 401k set up. I don't know much about them though, and I'm unsure of what percentages to use for each option. Any good suggestions, tips, or guides? Also, does anybody know how much Kroger matches? 



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Guru

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In my division Kroger doesn't match squat on my 401k.


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Anonymous

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a 401k is taken out before taxes so when you withdraw from it you have to pay taxes on the money you withdraw.

i personally went to my bank and started a ira account which is after taxes. and you dont have to pay taxes on the money it makes



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Anonymous

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Sorry no matches.  If anyone opens one put the money into retirement date funds.  If you're going to retire 2040 put everything in the 2040 fund.  They rebalance the fund every quarter and when you get closer to retirement the fund goes from more stocks to more fixed income.



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401k is a really, really bad idea. If you get in a jam (like unemployment) and you really need the money, you can't take out any without paying huge tax penalties. Start a savings account if you want to save. The 401k is only good for people that are set for life at one company and have their contributions matched.

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