retirement plan


A savings and investment plan that provides income during retirement. It is often created by companies or the government for employees. A defined benefit plan and a defined contribution plan are both types of retirement plans.

Use retirement plan in a sentence

You should always be thinking about ways to improve your retirement plan so that you have a lot to look forward to.

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The retirement plan of the employee included a roth ira and a 401k in addition to social security and healthy savings account.

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Fred's company had pretty weak offerings in their 401k, but because of the generous matching policy, it was still the best retirement plan he had access to.

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