I left my employer, and six years later found out they withdrew $20k from my account - what are my options?

One of the biggest benefits of saving for retirement in a 401(k) is getting free money from your employer. Many companies that sponsor 401(k)s also match worker contributions to some degree. But if you snag an employer match only to find that money taken back after the fact, this could lead to frustration and disappointment. Understanding your vesting schedule is crucial before leaving a job to ensure you retain what is rightfully yours.

A frustrated Reddit user shared that years after leaving their job, their employer took a whopping sum of money out of their 401(k). It turns out they lost that money because they didn't stay at the job long enough to be fully vested in the contributions made by their employer. This highlights how 401(k) vesting schedules can significantly impact your retirement savings and underscores the importance of being aware of these rules.

Read at 24/7 Wall St.