retirement savings account Synonyms
No Synonyms and anytonyms found
retirement savings account Meaning
Wordnet
retirement savings account (n)
a plan for setting aside money to be spent after retirement
retirement savings account Sentence Examples
- Establishing a retirement savings account is crucial for securing your financial future.
- Withdrawals from traditional retirement savings accounts may be taxed upon distribution.
- Maximizing contributions to your retirement savings account will accelerate its growth.
- Seek professional advice to determine the optimal allocation for your retirement savings account.
- The earlier you open a retirement savings account, the more time you have for compound interest to work in your favor.
- Consider employer-sponsored retirement savings accounts like 401(k) plans to benefit from employer contributions.
- Monitor your retirement savings account regularly to ensure it remains on track to meet your financial goals.
- Rebalancing your retirement savings account periodically ensures that it aligns with your investment objectives and risk tolerance.
- Roth retirement savings accounts offer tax-free withdrawals in retirement, but contributions are made with after-tax dollars.
- Utilizing tax-advantaged retirement savings accounts can significantly reduce your tax liability in the long run.
FAQs About the word retirement savings account
a plan for setting aside money to be spent after retirement
No synonyms found.
No antonyms found.
Establishing a retirement savings account is crucial for securing your financial future.
Withdrawals from traditional retirement savings accounts may be taxed upon distribution.
Maximizing contributions to your retirement savings account will accelerate its growth.
Seek professional advice to determine the optimal allocation for your retirement savings account.
