Retirement Savings Account (Noun)
Meaning
A plan for setting aside money to be spent after retirement.
Classification
Nouns denoting cognitive processes and contents.
Examples
- She diligently contributed to her retirement savings account every month to ensure a comfortable life after she stopped working.
- The company offered a retirement savings account plan to its employees, matching a portion of their contributions.
- He started saving for retirement early by opening a retirement savings account and making regular deposits.
- The financial advisor recommended that they prioritize building up their retirement savings account to achieve their long-term goals.
- The couple's retirement savings account had grown significantly over the years, thanks to their disciplined saving habits and smart investment choices.
Synonyms
- Pension Account
- Retirement Program
- Retirement Account
- Retirement Savings Plan
- Pension Plan
- Retirement Plan