IRA

1 of 2

noun

ˌī-(ˌ)är-ˈā  ˈī-rə 

plural IRAs

: a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made

IRA

2 of 2

abbreviation

Irish Republican Army

Examples of IRA in a Sentence

Abbreviation

a representative of the IRA

Recent Examples on the Web

Noun

That volatility makes penny stocks a bad idea for a Roth IRA. —Kelly Phillips Erb, Forbes, 8 Mar. 2025

Related Articles Heat’s two-way contracts now locked in for season, with long view taken with Dru Smith ASK IRA: Can Terry Rozier even be a Plan B for the Heat at this stage? —Ira Winderman, Sun Sentinel, 7 Mar. 2025

Forecasting Trump's opposition to the IRA, 18 House Republicans preemptively issued a letter in August to Speaker Mike Johnson not to repeal the clean energy tax credits. —Newsweek, 7 Mar. 2025

This could mean increasing your 401(k) or 403(b) contribution, or putting the extra funds into a Roth IRA. —Nerdwallet, Orange County Register, 5 Mar. 2025

Word History

Etymology

Noun

initialism from individual retirement account or individual retirement arrangement

First Known Use

Noun

1974, in the meaning defined above

Rhymes for IRA

• lyra
• spirogyra

Legal Definition

IRA

noun

ˌī-ˌär-ˈā, ˈī-rə 

: an account in which a person may deposit up to a stipulated amount each year and that is not taxable until retirement or early withdrawal

Note: Deposits to an IRA may not be completely or partially deductible from adjusted gross income if one's income exceeds a set level.

Etymology

Noun

individual retirement account