“Retirement planning” is a crucial topic for you, an ESL learner, especially if you’re considering long-term financial goals. This topic can help you develop financial literacy, set realistic goals, and make informed decisions about your future. By learning the vocabulary here today, you can effectively communicate with financial advisors, understand investment strategies, and take control of your financial future. So, let’s jump right in!

5 TERMS

1. Pension (Noun): A regular payment made by an employer or government to an employee after retirement, typically based on their earnings and years of service.

2. Investment (Noun): The act of putting money into financial products (stocks, bonds, real estate, etc.) with the expectation of gaining returns in the future.

3. 401(k) (Noun): A tax-deferred retirement savings plan offered by many employers in the United States, where employees can contribute a portion of their salary.

4. IRA (Individual Retirement Account) (Noun): A tax-advantaged account that individuals can use to save for retirement, which comes in various types like Traditional and Roth IRAs.

5. Social Security (Noun): A U.S. government program that provides financial assistance to retirees, the disabled, and survivors of deceased workers.

ENGLISH RESOURCES

• A special English resource for you: How To Make Long Sentences In English

• Check out today’s practice lessons in the English With Tiffani App

• Watch this English video: ENGLISH STUDY PLANS | HOW TO MASTER ENGLISH VOCABULARY IN 3 SIMPLE STEPS