INDIVIDUAL RETIREMENT ACCOUNT
(noun)Definitions
There is 1 meaning of the phrase
Individual Retirement Account.
Individual Retirement Account - as a noun
A retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
Synonyms (Exact Relations)
iraExample Sentences
"An individual retirement account is a tax-advantaged investment account for retirement savings."
"Contributions to an individual retirement account may be tax-deductible."
"You can open an individual retirement account at a bank or brokerage firm."
"An individual retirement account offers various investment options such as stocks and bonds."
"It is important to start saving for retirement early by opening an individual retirement account."