For whatever reason I am a bit late to 401K party. Years of military, then combined with too much job-hopping. One thing I am not clear on is vesting. I am close to three years with one company, and initially invested, but stopped it to pay some bills. In assessing my income, it would see to me I should at least put in enough to get the matching because the tax savings, and the amount they kick in is still better than paying some interest on a credit card or student loan. I get 50% on the first 6, and we have a host of Vanguard funds and some other funds to choose from. I’d say even just 3% right now is probably a net win vs. paying debt.
When you are said to be 100% vested, is that for the life of each subsequent investment (meaning the employer match). That is let’s say I am fully vested after year 4, does that mean each matching dollar from there on is fully vested, or does each dollar invested have to wait it’s own 4 years to vest. I am assuming it’s the former.
