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individual retirement account

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.06 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
IRA
pension account, pension plan, retirement account, retirement plan, retirement program, retirement savings account, retirement savings plan - a plan for setting aside money to be spent after retirement
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? Mentioned in ? References in periodicals archive
 
Social Security was never intended to be an individual retirement account.
Privatizing Social Security: do African Americans stand to gain from ... by Jones, Joyce / Black Enterprise
Unlike a 401(k), Individual Retirement Account holders are not restricted to any specific mutual fund manager.
MATCHING FUNDS MAY BE ON WAY OUT by Daily News (Los Angeles, CA)
Having a defined benefit plan or an individual retirement account also increases the percentage contributed.
Choice and other determinants of employee contributions to defined ... by Papke, Leslie E. / Social Security Bulletin
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