1. Can you always guaranteed withdraw money instantly without any delay?
2. Whats the term of company matching? Assuming its 1:1, if I put 10k and get 10k from company, but in the next 2 years I withdraw, can I withdraw 20k or just 10k?
3. What kind of stock you can invest on 401k, similar to robinhood?
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comments
2. most companies “vest “ you at say 6% per pay period. so if you exceed that amount then the rest goes unmatched. of the part that is matched that also might be less than 100%. once the match goes in, it is yours and can be withdrawn
2. You can sell 20K.
3. Depends on you employers 401K plan.
However, you shouldn't sell. Because you will have to pay tax + additional penalty.
2. Depends on company terms. Some companies has a vesting period of for eg- 2 years. If you leave before 2 years, you won't get Any match they have made.
3. Stock options depends on company offering 401k. For eg- t Rowe offers variety of index funds plus bonds and money market options. You can opt to not make any of these selections and they'll put all 401k into a retirement plan based on your current age and a default retirement age.