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retirement savings account vs IRA

IRA vs retirement savings account

retirement savings account and IRA both are nouns.

Word NounAdjectiveVerbAdverb
retirement savings account Yes No No No
IRA Yes No No No
As nouns, IRA is a hyponym of retirement savings account; that is, IRA is a word with a more specific, narrower meaning than retirement savings account:
  • retirement savings account: a plan for setting aside money to be spent after retirement
  • IRA: 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 savings account include 401-k, 401-k plan, individual retirement account, Keogh plan.
retirement savings account (noun) IRA (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
a militant organization of Irish nationalists who used terrorism and guerilla warfare in an effort to drive British forces from Northern Ireland and achieve a united independent Ireland
Difference between retirement savings account and IRA

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