Individual retirement account and Retirement program

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

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

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