I'm 21, just got a job at Whole Foods, and now I'm getting mail about signing up for their 401k plan. I have no idea what that entails other than a google search I went on where I understood that its a way to save for retirement (?) But I still can't tell things like how do I know if its a good plan? Why can't I just save money for retirement on my own? Are all 401k plans the same? Why do I really need one and how does it benefit me? My family is dirt poor so I never sign up for anything when it comes to borrowing money like loans and stuff because I am POSITIVE I will not be able to pay back. As of right now its hard to see a future for myself where I'm working a job like in an office or whatever is "professional" because I have extreme social anxiety and imposter syndrome is a constant thing that always makes me feel like I'm going to fail and that I don't have what it takes to do a good job despite being really good in school. Anyways, this super market job might be my best bet for the foreseeable future and so I need advice on whether I should do their 401k plan or not. If anyone out there is trying to help a clueless new adult thanks a ton in advance!
Submitted September 24, 2021 at 09:43AM by rabidsquirrel00 https://ift.tt/39Al7TQ
