Katsmeow
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 11, 2009
- Messages
- 5,308
This is an example of where I think there is confusion.... Katsmeow says her DH had a DC plan that matched.... I would say that is a 401(k).... not a DC plan..
But she worked at a place that did have a DC plan... money set aside regardless of contributions... (heck, I do not think you could contribute to a DC plan)....
I thought that DC stood for Defined Contribution. A 401(k) is a type of Defined Contribution Plan:
Defined contribution plan - Wikipedia, the free encyclopedia
Examples of defined contribution plans in the USA include Individual Retirement Accounts (IRAs) and 401(k) plans.