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IRA
(redirected from Individual Retirement Arrangement)

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
IRA
abbr.
1. individual retirement account
2. Irish Republican Army

IRA
abbreviation for
(Government, Politics & Diplomacy) Irish Republican Army
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.IRA - a militant organization of Irish nationalists who used terrorism and guerilla warfare in an effort to drive British forces from Northern Ireland and achieve a united independent Ireland
act of terrorism, terrorism, terrorist act - the calculated use of violence (or the threat of violence) against civilians in order to attain goals that are political or religious or ideological in nature; this is done through intimidation or coercion or instilling fear
Sinn Fein - an Irish republican political movement founded in 1905 to promote independence from England and unification of Ireland; became the political branch of the Irish Republican Army
Eire, Ireland, Irish Republic, Republic of Ireland - a republic consisting of 26 of 32 counties comprising the island of Ireland; achieved independence from the United Kingdom in 1921
2.IRA - 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
3.IRA - belligerence aroused by a real or supposed wrong (personified as one of the deadly sins)ira - belligerence aroused by a real or supposed wrong (personified as one of the deadly sins)
deadly sin, mortal sin - an unpardonable sin entailing a total loss of grace; "theologians list seven mortal sins"
Translations
IRA N ABBR
1. =Irish Republican ArmyIRA m
2. (US) =individual retirement account
IRA [ˌaɪɑːrˈeɪ]
n abbr (=Irish Republican Army) → IRA f
(US) (=individual retirement account)
IRA abbr of Irish Republican ArmyIRA f
IRA [ˌaɪɑːrˈeɪ] n abbr =Irish Republican ArmyI.R.A. f


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See page 17 of IRS Publication 590, Individual Retirement Arrangements, for a list of the deductions that are added back to your AGI to produce your modified AGI, which is used to determine whether you can qualify for the IRA conversion.
If the spouse is not the beneficiary or upon the spouse's death (if the spouse is the beneficiary), subsequent beneficiaries would be required to take minimum distributions based on life expectancy using Table I (Single Life Expectancy) found in Appendix C of IRS Publication 590, Individual Retirement Arrangements (IRAs).
A simple Individual Retirement Arrangement, also called an Individual Retirement Account (IRA), also can provide an easy means of ensuring your employees' future retirement income.
 
 
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