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IRA vs retirement savings plan

retirement savings plan vs IRA

IRA and retirement savings plan both are nouns.

Word NounAdjectiveVerbAdverb
IRA Yes No No No
retirement savings plan Yes No No No
As nouns, retirement savings plan is a hypernym of IRA; that is, retirement savings plan 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 plan: a plan for setting aside money to be spent after retirement
IRA (noun) retirement savings plan (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 plan

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