Individual retirement account and Retirement account

Individual retirement account noun - 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.

Retirement account and individual retirement account are semantically related. In some cases you can use "Retirement account" instead a noun phrase "Individual retirement account".

Retirement account noun - A plan for setting aside money to be spent after retirement.

Individual retirement account and retirement account are semantically related. Sometimes you can replace phrase "Individual retirement account" with "Retirement account", this phrases are similar.