Quote:
Originally Posted by Slava
This is true, but often there are other restrictions with Defined Contribution (DC) as well because you have to keep the funds locked-in. There are some plans that don't need that component, but many are governed by this. What that means is that you are limited in how you can access these funds as they are designed to operate like a pension even though they're more flexible in many respects.
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Sure. My DC plan can't get used until I hit retirment age, but if I leave my employer I get to keep them in my name.