retirement plan

Future income arrangement

A retirement plan is an arrangement for saving money during working years to provide income after stopping work.

Some plans are employer-sponsored: Does your company offer a retirement plan?

Others are individual accounts with tax advantages.

The term covers pensions, 401(k)s, IRAs, and similar investment vehicles designed to fund later life.

Opposites
temporal income focus

retirement planearned income

Pay from work

active income · salary · paycheck · cash flow · take-home pay

work status orientation

retirement plancareer plan

Professional goals mapped out

employment · career path · workforce participation · working life · job

financial consumption vs. accumulation

retirement planconsumption

Using up of resources

discretionary spending · living expenses · immediate gratification · spending spree · debt

Family

plan, planned, plans, planning, retiring, retired, planner, retirement, unplanned

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