A blog about healthy finances
June 2008
06/04/08Portable electronics are all the rage—did you know your retirement account is portable too?
Are you making a career change or leaving your job? Don’t leave your 401(k), 403(b), or 457 plan behind!
By definition these types of retirement accounts are all ‘defined contribution’ plans, funded with the employee contributions, which are always 100 percent portable when you separate from service with your employer. Some plans offer a matching contribution from the employer based on the amount contributed by the employee. Typically there is a vesting schedule which will vary, depending on the plan, from three to six years before you acquire the right to keep the employer contributions so if you leave your job before you are fully vested you may forfeit a portion or all of the employer contributions to your account. ... Posted at 07:59 PM | Permalink | Comments: 0 |
About This Blog
Carol E. Arnott CFP®, CDFA™
Carol E. Arnott, CFP®, CDFA™, ChFC is a Certified Financial Planner practitioner and a Certified Divorce Financial Analyst affiliated with the Greenville Financial Group in Greenville, DE.
Greenville Financial Group
4001 Kennett Pike, Suite 318
Greenville, DE 19807
(302) 658.9260
carnott@greenvillefinancial.com
http://www.GreenvilleFinancial.com
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