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 couple automate monthly contributions to military retirement accounts, Roth individual retirement accounts, a taxable brokerage account and a 529 college savings plan for their 1-year-old son, Theo. Mike Winters, CNBC, 8 Jan. 2025 Roughly half of that goes to the funding of players’ individual retirement accounts. Ken Rosenthal, The Athletic, 5 Jan. 2025 Other savings, like individual retirement accounts, brokerage accounts, cash reserves or potential inheritances, could help boost retirement wealth down the road. Mike Winters, CNBC, 20 Dec. 2024 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 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 Jan. 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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