Question

question 3 of 6
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.

Explanation:

Vesting in a 401(k) refers to the process by which an employee gains full rights to the employer - contributed funds in their retirement plan. Once vested, an employee can keep these employer - contributed funds even if they leave the job. Investment gains, tax obligations, and withdrawal penalties are separate concepts from vesting.

Answer:

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