individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
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The accounts might behave similarly to Roth individual retirement accounts, which offer no tax break for contributions but provide tax-free withdrawals (if certain requirements are met). Ann Carrns, New York Times, 14 Feb. 2025 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 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 2 Mar. 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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