Navigating 401(k) Vesting Rules During Job Transitions
Friday, 17 May 2024, 11:40
401(k) Vesting Rules
When considering changing jobs, it's important to understand how your 401(k) may be affected by vesting rules.
How Vesting Works
- Vesting Schedule: Different plans have varying schedules dictating when you fully own employer contributions.
- Implications: Leaving before full vesting could result in forfeiting a portion of the funds.
Having a clear grasp of these rules ensures you make sound financial decisions regarding your retirement savings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.