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retirement program vs individual retirement account

individual retirement account vs retirement program

retirement program and individual retirement account both are nouns.

Word NounAdjectiveVerbAdverb
retirement program Yes No No No
individual retirement account Yes No No No
As nouns, individual retirement account is a hyponym of retirement program; that is, individual retirement account is a word with a more specific, narrower meaning than retirement program:
  • retirement program: 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
Other hyponyms of retirement program include 401-k, 401-k plan, IRA, Keogh plan.
retirement program (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
Difference between retirement program and individual retirement account

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