Retirement Plan (Noun)
Meaning
A plan for setting aside money to be spent after retirement.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The human resources department helped the new employee set up a retirement plan through the company.
- She began contributing to her retirement plan in her mid-twenties to ensure financial stability later in life.
- Many people overlook the importance of having a well-thought-out retirement plan in place.
- The employer offers a generous retirement plan that matches employee contributions up to 10%.
- They postponed large purchases and invested the extra money into their retirement plan.
Synonyms
- Pension Account
- Retirement Savings Account
- Retirement Program
- Retirement Account
- Retirement Savings Plan
- Pension Plan