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IRA vs retirement savings account

retirement savings account vs IRA

IRA and retirement savings account both are nouns.

Word NounAdjectiveVerbAdverb
IRA Yes No No No
retirement savings account Yes No No No
As nouns, retirement savings account is a hypernym of IRA; that is, retirement savings account is a word with a broader meaning than IRA:
  • IRA: a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
  • retirement savings account: a plan for setting aside money to be spent after retirement
IRA (noun) retirement savings account (noun)
a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred a plan for setting aside money to be spent after retirement
a militant organization of Irish nationalists who used terrorism and guerilla warfare in an effort to drive British forces from Northern Ireland and achieve a united independent Ireland
Difference between IRA and retirement savings account

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