What is another word for retirement account?

Pronunciation: [ɹɪtˈa͡ɪ͡əmənt ɐkˈa͡ʊnt] (IPA)

Retirement account is a financial term that refers to a saving account specifically designed for individuals who are planning to retire. There are several synonyms for the term retirement account, including pension account, superannuation fund, IRA (Individual Retirement Account), 401(k), and RRSP (Registered Retirement Savings Plan). These accounts offer individuals the opportunity to save money for their retirement years and provide tax benefits. Pension accounts are commonly offered to employees by their employer, while IRA and 401(k) plans can be opened by individuals on their own. No matter what term is used, the idea is to ensure that a person has enough savings to live comfortably after they stop working.

What are the hypernyms for Retirement account?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: 401k retirement, ss retirement account, 401k account, 401k retirement age, what is a 401k account, 401k rates, retirement calculator, retirement savings account, savings account, roth 401k

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