When the money in your 401(k) is vested, it means that you have earned the right to keep the employer's contributions to your retirement account, as well as your own contributions. Vesting typically occurs over a certain period of time, known as the vesting schedule, which may vary by employer. If you leave the company before you are fully vested, you may lose some or all of the employer's contributions. However, your own contributions are always 100% vested.
What does it mean when the money in your 401(k) is vested? Select a response.
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