what does it mean when the money in your 401(k) is vested? select a response. you can keep the money your…

what does it mean when the money in your 401(k) is vested? select a response. you can keep the money your employer contributed, even if you leave your job. you will not have investment gains in your employer - sponsored retirement plan. you will never have to pay taxes on your employer - sponsored retirement plan. you can withdraw your money at any time without a penalty fee from the irs.

what does it mean when the money in your 401(k) is vested? select a response. you can keep the money your employer contributed, even if you leave your job. you will not have investment gains in your employer - sponsored retirement plan. you will never have to pay taxes on your employer - sponsored retirement plan. you can withdraw your money at any time without a penalty fee from the irs.

Answer

Brief Explanations:

Vesting in a 401(k) means an employee has a non - forfeitable right to the employer - contributed funds, even if they leave the job. Investment gains can still occur, taxes may be due upon withdrawal, and early withdrawals usually incur IRS penalties.

Answer:

You can keep the money your employer contributed, even if you leave your job.