I don't quite get the "vesting" part of a 401k. I worked at a company for a couple of years and invested in the 401k. I left a little over a year ago. I have not moved the 401k account. The balance on the statement reads that there is $8k+ balance. Including vesting is $12k.
Does this mean if I continue to wait the five years for the vesting amount to mature that I will be able to transfer the whole $12k but if I move it now I will only get $8k? Or does the whole vesting process stop when I left the company and I will only get the $8k no matter what?
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Vesting Question
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