Goodsounds;357685 Wrote: > I think the literal answer to your question is no one, because there are > no such rules. Neither pension plans (how defined benefit plans are > usually referred to) nor profit sharing plans (defined contribution > plans, including 401(k) but there are others) are mandatory in the US.So > governments and their taxation bodies had no hand in writing influencing how any of the abovementioned operate? That's definitely not the case in many other countries eg in Australia eployee participation in a superannuation scheme is mandatory and there are very clear legislative and fund specific rules as to what your rights are, when you can access the funds, taxation implications etc. I'd venture a guess that even in the US tax legislation and employment terms would have a bearing on whether or not you make 401k contributions and fund and/or tax rules would also dictate mandatory drawdown at some point, forcing a selling down of a portion or all of your portfolio.
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