When you're just starting out saving for retirement and trying to understand what a 401k account is, there are a lot of challenging things you'll find yourself being forced to understand such as investments, returns, and taxes.  But then there is also the concept of a 401k vesting schedule. Vesting is easily one of the most foreign sounding concepts you'll encounter when you first start a 401k.  Thankfully - it’s not anywhere nearly as complicated as you may think.  All it requires is a simple understanding of what it is and how it will affect your fortune over time.  Here’s the basics of what you need to know when it comes to vesting and … [Read more...]