Retirement Savings Account
- Retirement Savings Account
A Retirement Savings Account is a type of retirement plan account that is envisioned to replace all three different types of Individual Retirement Accounts that are currently used in the United States: traditional IRA, Roth IRA and Simple IRA. Contributions would be made on an after-tax basis. This is a major part of what the George W. Bush Administration calls "ownership society."
External references
* [http://www.treas.gov/press/releases/js1131.htm The President’s Savings Proposals: Tax-Free Savings and Retirement Security Opportunities for all Americans]
* [http://www.foxnews.com/story/0,2933,110695,00.html A Primer on Bush's New Savings Accounts]
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retirement savings account — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement account, ↑retirement program • Hypernyms: ↑ … Useful english dictionary
retirement savings plan — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ … Useful english dictionary
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