individual retirement savings plan
A formal financial term for a personal retirement savings scheme, similar to an IRA or personal pension plan.
By enrolling in an individual retirement savings plan, you may receive tax benefits.
More people are preparing for retirement through individual retirement savings plans without relying on their company.
Compound of 個人 (individual), 退職金 (retirement payment), 積立 (accumulation), and 計画 (plan). A modern financial term with no historical derivation.