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Leena from Marietta says howdy profit sharing plans work I interviewed with an employer who touted it's a good benefit but I don't know how they really affect me so a profit sharing plan on the technical side is what's called a defined contribution plan and it's generally contributed to by your employer in effect you won't have to put any money in so if the if the company has a good year the employer will put money in on your behalf can be it's got to be equal in in the eyes of the law and there's a couple of games that can be played on the employers part so you know some more money can go to older people more mature people less money to the younger people depends on how the calculation it gets put it in a savings account for you yes in your name well that's free it's not necessarily in her name well it if she works her ex period of time well so so there can be a vesting schedule okay you could be fully vested or they can cliff vest which is can take up to six years you know zero perc...
