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

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

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