Retirement Savings Account (RSA)

A Retirement Savings Account (RSA) is a financial account designed to help individuals save and invest money for their future retirement. Contributions are often made regularly, sometimes with tax advantages, and the funds grow over time through investments. The goal is to build a substantial nest egg that can be accessed when you stop working, ensuring financial security in later years. RSAs are typically managed by banks, financial institutions, or government schemes, encouraging disciplined savings and long-term planning for retirement needs.