pension plan vs individual retirement account
individual retirement account vs pension planpension plan and individual retirement account both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| pension plan | Yes | No | No | No |
| individual retirement account | Yes | No | No | No |
As nouns,
individual retirement account is a hyponym of
pension plan; that is, individual retirement account is a
word with a more specific, narrower meaning than
pension plan:
- pension plan: a plan for setting aside money to be spent after retirement
- 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 (noun) | individual retirement account (noun) |
|---|---|
| a plan for setting aside money to be spent after retirement | 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 |
Words related to "pension plan"
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