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Do most retail jobs offer 401k plans and do I really need one?

I'm 22 and just got offered a job as a full time cashier at a department store. They offer health insurance but don't have any savings plans such as 401k or anything similar. I want a job I can stay at for several years so I'm wondering if a 401k plan is even necessary and if any retail stores or entry level jobs do offer 401k plans. What do you guys think?

Asked By: Megan - 10/19/2008
Best Answer - Chosen by Asker
Next important thing in this life next to God & Family is to realize in this life it is important to SAVE. Before the economy went bad people didn't save and went into debt do not wait until a crisis to occur for you to realize that saving is important. You are 22 so I think that it is time for you to do it and try to... More
Answered By: Ursugardaddy - 10/19/2008
Additional Answers (6)
Most retail jobs do not offer 401k plans. If you are looking for a job to have for several years you should set your goals a lot higher than department store cashier.
Answered By: redhairedmama75 - 10/19/2008
 
I would recommend a 401k but not right now with how the economy is...a lot of people lost their 401ks and you might lose yours so i would wait untill things get a little better.
Answered By: *Banana Burst* - 10/19/2008
 
I would be extremely surprised if a retail job offered a 401(k). Maybe at the management level they might, but as a cashier, you're not going to see a lot of benefits and definitely not a retirement plan... More
Answered By: Aimee - 10/19/2008
 
At your age it would be the best favor you can do for the future you is to get a job with a 401K. Health Insurance is the number one requirement... 401K should be right next to it. Don't cheat yourself and settle for a job without one.
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Answered By: Common Sense - 10/19/2008
 
Since your employer doesn't offer a 401K, it isn't even something to be concerned about at this time. You can't do it without your employer subscribing to it... More
Answered By: mccleary97502 - 10/19/2008
 
Your young now and don't understand your needs in 40 years.....I invested 25% of everything I made........and when a 401 was available I saved 25% and my employers match.........I retired at 50.........living on the beach.......not a care in the world.............its easy to start a plan at 22...........really... More
Answered By: kapn - 10/19/2008
 
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