individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The average individual retirement account balance also rose 18% year over year to $129,200 in the third quarter of 2024. Jessica Dickler, CNBC, 6 Dec. 2024 But in recent years, in an effort to increase Americans' retirement savings efforts, some states have begun to offer IRA enrollment through automatic individual retirement account programs (or auto-IRAs). Becca Stanek, theweek, 28 Nov. 2024 Qualified charitable distributions, or QCDs, are direct transfers from an individual retirement account to a non-profit organization. Kate Dore, Cfp®, CNBC, 27 Nov. 2024 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 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 15 Dec. 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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