individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Higher income thresholds for IRAs The IRS did not increase the contribution limits for individual retirement accounts, known as IRAs. Jeanne Sahadi, CNN, 1 Nov. 2024 As of 2024, families can roll over unused 529 funds to the account beneficiary’s Roth individual retirement account, without triggering income taxes or penalties, as long as the 529 plan has been open for at least 15 years. Jessica Dickler, CNBC, 25 Oct. 2024 Plus, provided a 529 account is at least 15 years old, up to $35,000 of unused funds can be rolled into a Roth individual retirement account. Kamaron McNair, CNBC, 5 Oct. 2024 That’s the conclusion of new research by Vanguard, the investment firm, into the lackluster performance of many individual retirement accounts. Daniel De Visé, USA TODAY, 2 Oct. 2024 See all Example Sentences for individual retirement account 

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of individual retirement account was in 1974

Dictionary Entries Near individual retirement account

Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 14 Nov. 2024.

Legal Definition

individual retirement account

noun
individual re·​tire·​ment account
often capitalized I&R&A
: ira
Last Updated: - Updated example sentences
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