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• individual retirement account
  individual retirement account

  noun

  a savings plan that offers tax advantages to an individual depositor to set aside money for retirement. IRA
• Individual Retirement Account
  Individual Retirement Account

  A retirement plan. The “traditional” IRA allows individuals to contribute pretax earnings up to a maximum yearly allowance and to defer income taxes until the money is withdrawn after retirement. The “Roth” IRA allows individuals to contribute aftertax earnings and pay no taxes on future withdrawals. In contrast to a 401(k) plan, an IRA is funded entirely by the individual tax payer.

individual retirement account

American  

noun

1. a savings plan that offers tax advantages to an individual depositor to set aside money for retirement. IRA

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Individual Retirement Account Cultural  

1. A retirement plan. The “traditional” IRA allows individuals to contribute pretax earnings up to a maximum yearly allowance and to defer income taxes until the money is withdrawn after retirement. The “Roth” IRA allows individuals to contribute aftertax earnings and pay no taxes on future withdrawals. In contrast to a 401(k) plan, an IRA is funded entirely by the individual tax payer.

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Example Sentences

Last year’s law also introduced a new type of individual retirement account called a Trump account.

From The Wall Street Journal • Jan. 26, 2026

This gives I bonds a quality like an individual retirement account.

From Barron's • Oct. 24, 2025

In the Fix My Portfolio column, Beth Pinsker incorporated the new tax rates into instructions on how to decide whether or not to move money from a traditional individual retirement account into a Roth IRA.

From MarketWatch • Oct. 10, 2025

A Roth IRA, or individual retirement account, is another option for older grandchildren who earn money, Lindquist says.

From Seattle Times • Dec. 4, 2023

A traditional individual retirement account, a Roth I.R.A. and an individual brokerage account, for example, would each qualify for a $500,000 limit at the same firm.

From New York Times • Mar. 13, 2023