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individual retirement account

   Also found in: Medical, Legal, Financial, Acronyms, 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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You can also donate to an Individual Retirement Account (IRA), for the self employed this is called a SEP.
You need to designate beneficiaries with the financial institution you opened your Individual Retirement Account with.
Investors are seeking out more online investment providers for their individual retirement account rollovers thanks to a renewed interest in the parking place as an option.
 
 
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