Do part-time employees for Kroger get a 401k?

Date: Apr 5, 2019

Do part-time employees for Kroger get a 401k?

Date: Apr 10, 2019

You can, but Kroger wont match what you put in, so if ya wanna have a retirement just put your whole check in, plus five times that amount and you might be able to retire one day.

Anonymouse1 · Guru

Anonymous wrote:
You can, but Kroger wont match what you put in, so if ya wanna have a retirement just put your whole check in, plus five times that amount and you might be able to retire one day.

Ok, that was humorous and has some truth behind it.

But, don't discourage the OP from trying to save.

If an 18yo starts contributing to a 401k($19k+/- limit per year) and IRA($5500+/- limit per year) today, they can actually retire comfortably in 50 years. Doesn't need to be a company 401k or IRA. 10% of their paycheck will make a difference.

The Op should definitely start saving now while they are young.

Check out videos on youtube from Jazz Wealth Managers:

https://www.youtube.com/channel/UCCFkdk7tmcgvgTe9G0lrmUA

-- Edited by Anonymouse1 on Thursday 11th of April 2019 06:52:15 AM

Date: Apr 12, 2019

That's nice.

The problem is that none of us are making any money at Kroger except for asst/store managers.

I suspect the majority of us aren't even making that $19k+$5.5k per year in the first place.

Anonymouse1 · Guru

Anonymous wrote:
That's nice.
The problem is that none of us are making any money at Kroger except for asst/store managers.
I suspect the majority of us aren't even making that $19k+$5.5k per year in the first place.

Jazz WM has several videos showing how much one needs to contribute in order to retire on $60k a year. The younger the person starts, the less they need to contribute.

It's not easy on a Kroger check but not impossible. If in union, we also have a pension. Not much, but it will help.

It is also a good time to make life decisions. If you are not making enough at Kroger at the moment, how can you improve on that? Get an education and better job? Move up to a department manager? Or co manager?