New Job

[S Freud]

So I just got a job at Winco grocery and need some advice on things like 401K and Company stock.

I don't have all of the info on it yet provided by the company, the manager told me during the interview that I have a chance to pay into a 401K and eventually get company stock. They provide some info on Winco's Site

Any help on what I should do? I don't plan to stay at the company forever so is it smart to pay into a 401K?

Thanks

 

[Schfifty Five]

Does winco provide a company match for the 401K? If so, you should at least contribute to get the max match. It's basically free money.

 

[spidey07]

Do not ever have company stock in your retirement accounts.

ever.

 

[LS20]

put at a minimum the matched amount in 401k ... it can be carried over once you go somewhere else (even if you wont be fully vested...its not LOST money)

 

[Shortcut]

when you leave winco, you can always transfer the 401k from winco to a 'rollover 401k' account with any of the major brokerages (etrade, tdameritrade, fidelity, etc).