What is another word for RRSP?
Pronunciation: [ˌɑːɹˌɑːɹˌɛspˈiː] (IPA) 
RRSP is an acronym that stands for Registered Retirement Savings Plan, which is a tax-advantaged investment account that Canadians use to save for retirement. While there are no synonyms for the exact term RRSP, there are many other terms used by financial advisors and experts to describe this type of account, including Roth IRA, Traditional IRA, 401(k), annuity, and pension plan. Each of these terms refers to a specific type of retirement savings vehicle, but they all share similar features, such as tax benefits and long-term investment strategies needed to achieve retirement goals. Ultimately, no matter what term is used, the goal of retirement savings remains the same: to plan for a comfortable and financially stable future.
