Retirement Account
/rɪˈtaɪərmənt əˈkaʊnt/
Definitions
- (n.) A financial account established to accumulate funds for an individual's retirement, often enjoying favorable tax treatment under law.
She contributed regularly to her retirement account to ensure financial security after retiring.
Forms
- retirement account
- retirement accounts
Related terms
See also
Commentary
Often governed by specific tax codes and federal regulations, clarity in defining the type of retirement account is crucial in legal and financial drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.