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.
Insured accounts include checking accounts, savings accounts, money market deposit accounts, CDs, and individual retirement accounts (IRAs). Jason Lalljee, Axios, 12 Feb. 2025 Contributing to a traditional individual retirement accounts and health savings accounts are also good ways to maximize your tax savings, according to U.S. News. Evan Moore, Charlotte Observer, 10 Feb. 2025 Plus, retirees may receive Form 1099-R for withdrawals from 401(k) plans, individual retirement accounts, pensions and other distributions. Kate Dore, Cfp®, Ea, CNBC, 22 Jan. 2025 Tax forms for these may include a 1098-E for student loan interest, 5498 for individual retirement account contributions or 5498-SA for health savings account deposits. Kate Dore, Cfp®, Ea, CNBC, 29 Jan. 2025 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 19 Feb. 2025.

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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