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Actually the way to maximize the time it takes to vest your 401k is to start just late enough in the year that you can't accumulate 1000 hours. Around mid-late
by delecti 11y ago
Actually the way to maximize the time it takes to vest your 401k is to start just late enough in the year that you can't accumulate 1000 hours. Around mid-late July, if I remember correctly from the math I did when trying to figure this out for myself.
- giaour 11y agoOuch. Good thing I started in June.
- madcaptenor 11y agoAssuming 40-hour weeks and that you get credit for "work" on holidays (I don't know how long people are working, but if we're talking exempt employees the calculation is probably based on a 40-hour week), you'd maximize that by starting 25 weeks from the end of the year. The 175th-to-last day of the year is July 10. So, yes, mid-July is the worst possible time to start from a 401k point of view.