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Retirement Planning

Vested

It means that after a certain period of time, you will have full rights to those contributions and any earnings they have accrued.

Understanding the concept of vesting is crucial for any individual enrolled in a retirement savings plan. Put simply, vesting signifies the gradual transfer of control over contributions made by your employer. This process grants you full ownership of the contributions and their earnings after a specific period of time has elapsed. As a participant, it is essential to keep track of your vesting schedule to make informed decisions about your retirement funds.

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