What is another word for self-funded retirement plan?
Pronunciation: [sˈɛlffˈʌndɪd ɹɪtˈa͡ɪ͡əmənt plˈan] (IPA) 
A self-funded retirement plan relates to an investment account, similar to a pension plan, that you manage personally to save for your retirement. It is also known as a self-directed IRA or a self-managed super fund (SMSF). A self-funded retirement plan allows an individual to have greater control over their investments and diversify their portfolio. Additionally, it can provide tax benefits and the ability to invest in non-traditional assets, such as real estate. Other synonyms for this type of retirement plan include self-administered pension scheme and individual retirement account (IRA). Ultimately, a self-funded retirement plan offers greater flexibility and control for individuals to manage their retirement savings.
