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retirement plan

retirement plan

27 3.0
A set of savings and investments that gives you money after you stop working
  • noun
  • /rɪˈtaɪərmənt plæn/
translation icon : plan de jubilación
  • He has been contributing to his retirement plan for over ten years to ensure financial stability after he stops working.
  • qualified retirement plan
  • salary and a retirement plan
  • balance in a retirement plan

So then that's the early retirement plan, which I love personally.

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Examples

  • I don't have a retirement plan.

  • They've got the finest retirement plan I've ever seen, and the pension starts 15 years before retirement.

  • The other day he asked about my retirement plan.

  • Social Security and retirement plans attend to our financial needs.

    Academic text (1999)
  • No employer is required to establish a retirement plan. Many do not.

    Academic text (2016)
  • Finally, any given retirement plan offers only a relatively small number of mutual funds.

    Academic text (2018)
  • I've not actually got a retirement plan in place.

  • If you are banking on Social Security as your retirement plan, that's probably not a good idea.

  • A Roth IRA is a retirement plan that you set up on your own outside of your workplace.

  • In contrast, most private sector retirement plans are so-called defined contribution plans, such as 401(k)s.

    Academic text (2018)

Synonyms

IRA
vsretirement plan
  • Specialized
56 4.7

An account people use to save money for retirement with tax benefits

is the generic arrangement not tied to individual tax rules or limits
pension plan
vsretirement plan
  • US
27 3.1

Money that an employer or worker saves regularly to give income after you stop working

is more general and does not require employer involvement
retirement account
vsretirement plan
  • US
21 3.0

A plan where you save money to use after you stop working

is a wider financial arrangement, not only a single account
401(k) plan
vsretirement plan
  • Specialized
10 3.5

A US retirement plan where workers save part of pay before tax and employers often add money, taxed when taken

is a general savings arrangement not limited to national tax rules or matching
individual retirement account
vsretirement plan
  • Specialized
4 5.0

A US savings account for money used after you stop working that grows without tax until you take it out

is a general way to provide later income rather than this specific tax account
retirement program
vsretirement plan
3 3.0

A plan that helps people save money to use after they stop working

is focused on the financial arrangement itself rather than the program structure
retirement savings plan
vsretirement plan
1 2.5

Money you regularly save to use after you stop working

is a general financial arrangement rather than stressing regular contributions
retirement savings account
vsretirement plan
1 3.1

An account that holds money to use after you stop working

is the broader term for such financial arrangements rather than a specific account
pension account
vsretirement plan
1 3.3

An account for saving money to use after you stop working

refers to the wider arrangement for providing later income rather than the specific account
employee savings plan
vsretirement plan
3.1

A program from an employer that lets workers save part of their pay for retirement or other future needs

covers any financial arrangement for later income, not only employer offered ones
401(k)
vsretirement plan
  • Specialized
4.9

A US retirement account where workers put money before tax and employers often add money

is the broader financial setup without those specific tax and match features

How Prepared

pension plan
  • US
27 3.1
retirement plan
27 3.0
dissaving
  • Specialized
9.2

Surface Forms

Morphology

retirement + plan

The meaning is directly and compositionally built from 'retirement' (the process of removing something from use) + 'plan' (ordered steps), so a learner who knows both words can infer it refers to a plan for taking something out of service. This construction is cross-linguistically common and follows normal noun+noun compounding patterns, making it immediately comprehensible to a B1 learner.

Etymology

Retirement plan comes from the idea of retire meaning 'to stop working' and plan meaning a way to save or arrange money. So a retirement plan is a way to put money aside to have income after you stop working.