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individual retirement account
(redirected from Individual retirement accounts)

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
individual retirement account
n. Abbr. IRA
An investment account in which a person can set aside income up to a specified amount each year and usually deduct the contributions from taxable income, with the contributions and interest being tax-deferred until retirement.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.individual retirement account - 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


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include the 401(k) and Individual Retirement Accounts (IRAs), which allow the member to select the type of investment which his pension fund is allocated to ?
Corporate 401K Experts say that 401K contributions combined with another pension investment option such as individual retirement accounts (IRAs) are enough for guaranteeing you a comfortable retirement.
GAO-08-590 June 4, 2008 Congress created individual retirement accounts (IRAs) with two goals: (1) to provide a retirement savings vehicle for workers without employer-sponsored retirement plans, and (2) to preserve individuals' savings in employer-sponsored retirement plans.
 
 
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