individual retirement account vs pension plan
pension plan vs individual retirement accountindividual retirement account and pension plan both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| individual retirement account | Yes | No | No | No |
| pension plan | Yes | No | No | No |
As nouns,
pension plan is a hypernym of
individual retirement account; that is, pension plan is a
word with a broader meaning than individual retirement account:
- individual retirement account: 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
- pension plan: a plan for setting aside money to be spent after retirement
Other hypernyms of individual retirement account include
pension account, retirement account, retirement plan, retirement program, retirement savings account, retirement savings plan.
| individual retirement account (noun) | pension 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 |
Words related to "individual retirement account"
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