quiz\nquestion 3 of 6\nwhat does it mean when the money in your 401(k) is vested?\nselect a response.\nyou…

quiz\nquestion 3 of 6\nwhat does it mean when the money in your 401(k) is vested?\nselect a response.\nyou can keep the money your employer contributed, even if you leave your job.\nyou will not have investment gains in your employer - sponsored retirement plan.\nyou will never have to pay taxes on your employer - sponsored retirement plan.\nyou can withdraw your money at any time without a penalty fee from the irs.

quiz\nquestion 3 of 6\nwhat does it mean when the money in your 401(k) is vested?\nselect a response.\nyou can keep the money your employer contributed, even if you leave your job.\nyou will not have investment gains in your employer - sponsored retirement plan.\nyou will never have to pay taxes on your employer - sponsored retirement plan.\nyou can withdraw your money at any time without a penalty fee from the irs.

Answer

Brief Explanations:

Vesting in a 401(k) means that an employee has a non - forfeitable right to the employer - contributed funds in their retirement plan, even if they leave the job. Investment gains are not related to the concept of vesting. Taxes on 401(k) plans are still applicable under certain conditions, and early withdrawals usually incur IRS penalties.

Answer:

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