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