Defined Contribution Help

[Peter Parker]

Ok. A little embarrassed to post my ignorance here, but oh well.

We currently max out my 457 (24K), my wife's 403b (24K) and my wife's 457 (24K). We have some room to invest a little more. My wife has a Defined Contribution plan, that we can contribute to on an aftertax basis. We both have pensions.

Here's my questions:

1. Is the Defined Contribution plan like an IRA?
2 How would withdrawals from the DC Plan be taxed (capital gains?)
3. When it comes time for withdrawals, would we withdraw from the DC first or one of the pre-tax plans?
4. Is there a better vehicle to put the extra money?

Thanks all!

[MDM]

1. Is the Defined Contribution plan like an IRA?

Don't know.  You'll need to tell us.  What does the plan description say?

[Peter Parker]

The only thing the plan says is "Defined Contribution."  It states that it is an aftertax plan.  My wife's employer is contributing a small amount (after 25 years there is only 50K in it).  She has a 403b and 457 also. 

[MDM]

Have her ask for the Summary Plan Description.

[Peter Parker]

Will do, MDM  Thanks.

[Peter Parker]

Okay.  I got a little more information.  The Defined Contribution plan is a 401(a) plan.  Both the employer and my wife can contribute to it. My wife's contributions would be after tax.

DOES CHANGE ANYONE'S INPUT TO THE ORIGINAL QUESTION? 

Thanks!