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A 401k question.
I will receive 401k benefits soon, with my company matching 100% of my input to 1% of my total yearly income. However, I was told that I had to stay with the company for 6 years.
Does that mean that, if in 5 years with the company I contribute $1000 to my 401k, but then quit, that they just throw that money away? What happens to my money if I don't stay for 6 years?
I have never worked anywhere before that offered me a benefits package, so though this may be a basic question to others, I know nothing about this other than when I retire, they will hopefully give me all of my money back.
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