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What does it mean to be "vested" in my retirement plan?

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What does it mean to be "vested" in my retirement plan?

Answered By Randy Yingger, Editor


Being vested in a retirement plan means that you have full access to your contributions. For example, in a 401(k) plan, you can take everything that you have contributed to that plan. If you have a retirement plan wherein you have a percentage of the contributions, you can take your percentage with you if you leave.

--- permission must be obtained from editor Randy Yingger to re-publish ---

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