individual retirement account vs retirement savings plan
retirement savings plan vs individual retirement accountindividual retirement account and retirement savings plan both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| individual retirement account | Yes | No | No | No |
| retirement savings plan | Yes | No | No | No |
As nouns,
retirement savings plan is a hypernym of
individual retirement account; that is, retirement savings 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 savings 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 plan, retirement program, retirement savings account.
| individual retirement account (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 |
Words related to "individual retirement account"
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