retirement plan

Thesaurus

Noun

1.

retirement plan - a plan for setting aside money to be spent after retirement pension account, pension plan, retirement account, retirement program, retirement savings account, retirement savings plan plan, program, programme - a series of steps to be carried out or goals to be accomplished; "they drew up a six-step plan"; "they discussed plans for a new bond issue" 401-k, 401-k plan - a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself individual retirement account, IRA - 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 Keogh plan - a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons