individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
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These accounts can be taxable, tax-deferred (like your 401(k) plan or your traditional individual retirement account) or tax-free (like your Roth IRA, Roth 401(k) or health savings account). Darla Mercado, Cfp®, CNBC, 3 July 2025 Their investments are held in an individual retirement account, commonly referred to by the IRA initialism, and 529 college savings accounts. Gayla Cawley, Boston Herald, 31 May 2025 The average individual retirement account balance also sank 4% from the previous quarter to $121,983, the financial services firm found. Jessica Dickler, CNBC, 4 June 2025 The Universal Savings Account (USA) Act, introduced this month in both chambers of Congress, aims to create a new class of savings account that combines the tax advantages of a Roth individual retirement account (IRA) with the unrestricted access of a traditional savings account. Aliss Higham, MSNBC Newsweek, 12 May 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

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Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 16 Jul. 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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