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Retirement Account (Noun)

A plan for setting aside money to be spent after retirement.

Nouns denoting cognitive processes and contents.

Contributions to a retirement account are typically made on a pre-tax basis, reducing the employee's taxable income for the year.
A 401(k) is a popular type of retirement account that allows employees to invest a portion of their paycheck before taxes are taken out.
It's a good idea to review and adjust your retirement account regularly to ensure it remains aligned with your long-term financial goals.
Employers often offer matching contributions to an employee's retirement account as a benefit of employment.
To save for retirement, many people choose to set up a retirement account through their employer or financial institution.