Home Page About Us Security & Privacy ToS Add Your Link Add Your Article
Search:   
allarticlelist.com
Add Url
 

News & Events

Home Family & Garden

Technology & Science

Software & Networking

Eating & Drinking

Property & Agents

Entertainment

Fashion & Relationships

Self Management

Law & Politics

Sports

Society & Issues

Companies & Business

Healthcare & Treatment

Art & Creative

Vehicles & Automotive

Teens & Kids

Academics & Learning

Tour & Travel

Careers & Employment

Malls & Shopping

Online & Board Games

Health & Therapy

Finance & Investment
 

Home Page –› Finance & Investment –› Personal Finance
 

Vesting and Your 401(k)
 

Author: Matthew C. Keegan
Do you have a 401(k) retirement account? Are you vested yet? Before you move on to your next job, it is critical for you to find out if you are fully vested in your retirement account before you make the move. If you are not, you could lose hundreds if not thousands of dollars in employer contributions.

Vesting refers simply to the non-forfeitable percentage of your account's assets. In other words, whatever you contribute to your 401(k) plan is always yours to keep including any rollover money.

If your employer contributes to your plan, a vesting schedule for the employer's contribution is part of the plan. This schedule ties in a non-forfeitable percentage to the employer's contribution for each year of service until you are fully vested100%in the employer contribution.

Vesting schedules vary with the employer. A sample schedule could include you being fully vested after three years of service. After year one the schedule may have you one third vested; after year two you could be two thirds invested; finally upon your third anniversary you would have full entitlement to your employer's contributions, thus you would be 100% vested.

In all cases, upon leaving a company your contribution and any rollover funds are yours to keep. However, depending on your employer's vesting schedule only a percentage of the funds contributed by your employer may actually be yours to keep. If you leave before you are fully vested, you stand to lose a significant amount of money. Thus, it behooves you to calculate whether the financial benefits of the new job outweigh any potential loss of employer contributions to your 401(k) account.
Author Bio:

Matt manages the Corporate Flight Attendant Community at www.corporateflyer.net and www.cabinmanagers.com in addition to the Aviation Employment Board at www.aviationemploymentboard.net
You can also reach this article by using: Vesting and Your 401(k), Finance & Investment, Personal Finance, guaranteed personal loans
 
 
 

Related Articles
 
You Might Still Want to Refinance
 
Kill Bills
 
How to Buy a Home Without a Down Payment
 
It??s Free And To Your Benefit - Debt Advice
 
Is Credit Card APR All That Counts?
 
Low Interest Rate Credit Cards - Understanding The APR
 
Personal Loans Can Take You Out of Hot Water
 
Loan Consolidation - Did You Make the Right Decision?
 
Time to Work on a Budget
 
Budgeting for Charity
 
 
 
Home Page >> Security & Privacy >> ToS  
© 2006-2008 www.allarticlelist.com All Rights Reserved Worldwide.