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Friday, July 17, 2009

I am Not Fully Vested in My 401K. Will I Lose Money If My Company Goes Bankrupt?


It is a good chance you will lose your employer matched contributions. If you are not fully vested, the money is not entirely yours. If your company goes bankrupt it has no legal obligation to pay you the unvested portion of your 401K. The money you contribute to your 401K is always 100% yours.

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