Individual retirement account and Retirement plan

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

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

Individual retirement account and retirement plan are semantically related in stock or bond fund topic. You can use "Individual retirement account" instead a noun phrase "Retirement plan".