What does retirement account mean?
Definitions for retirement account
re·tire·ment ac·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word retirement account.
Princeton's WordNet
pension plan, pension account, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement programnoun
a plan for setting aside money to be spent after retirement
ChatGPT
retirement account
A retirement account is a type of investment or savings account that is specifically designed to help individuals save money for their retirement. These accounts often offer tax benefits and are usually managed by financial institutions. Examples of retirement accounts include Individual Retirement Accounts (IRA), 401(k)s, and pension plans. The funds in these accounts are typically invested in a mix of stocks, bonds, and other assets, which often grow over time to provide income during retirement.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of retirement account in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of retirement account in Pythagorean Numerology is: 6
Examples of retirement account in a Sentence
One thing we learned from the last recession is that having too much stock, based on your target retirement age, in your retirement account can expose your savings to unnecessary risk, it’s the hidden danger that many workers are unaware of. This is especially true among workers nearing retirement, who should be taking steps to protect what they’ve worked so hard to save.
If the market stays in a range for an extended period of time, my retirement account will be dead money that inflation could erode, with options, I can place non-directional trades that make money through time decay.
A retiree who has debt and a retirement account with equity exposure may not have the staying power he or she thinks. The debt is a fixed amount ; the retirement account is variable.
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"retirement account." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/retirement+account>.
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