What is retirement plan vesting?

Answer Many companies have plans to help employees save for retirement. Some of the plans have a feature called vesting. When an employee becomes vested, after a certain period of time, he is permitted t... Read More »

Top Q&A For: What is retirement plan vesting

What does"vesting service"for retirement mean?

Vesting service is the amount of time a person must be employed by a firm to received retirement benefits. Some companies vest employees immediately upon hire, and others vest after one, two, three... Read More »

What Does "Vesting Service" for Retirement Mean?

Some employers offer retirement plans through the company, such as 401k plans, which permit employer contributions to the account. Vesting refers to the service required for an employee to keep the... Read More »

Can you have both a 457 retirement plan& an IRA?

Yes. A 457(b) plan is an employer-sponsored retirement plan available to employees of state and local government organizations. You may contribute up to $5,000 into an IRA, as of 2010 IRS regulatio... Read More »

What is a 403(b) retirement plan?

A 403(b) is a retirement plan that is sponsored by your employer and allows you to make regular contributions toward your retirement savings.EligibilityTypically, you are eligible for a 403(b) if y... Read More »