individual retirement account
noun
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
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Individual Retirement Account
Individual Retirement AccountA 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individuals to contribute pretax earnings up to a maximum yearly allowance and to defer income taxes until the money is withdrawn after retirement.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
Americannoun
Individual Retirement Account
Cultural
Example Sentences
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In contrast, with an individual retirement account, they would typically forfeit 10% of the money they pull out before age 59½.
From The Wall Street Journal ● Jun. 14, 2026
If you have an individual retirement account, your contribution limit for 2026 is $7,500, with an additional $1,100 catch-up contribution allowed if you are 50 or older.
From MarketWatch ● Dec. 26, 2025
Vanguard researchers found that 6.7% of the firm’s individual retirement account holders age 73 and up had missed taking their RMDs in 2024.
From Barron's ● Dec. 24, 2025
Ms. Phipps, 72, said that her annual income consisted of money withdrawn from an individual retirement account, about $50,000 from Social Security and $20,000 from a pension.
From New York Times ● Dec. 16, 2023
A Roth IRA, or individual retirement account, is another option for older grandchildren who earn money, Lindquist says.
From Seattle Times ● Dec. 4, 2023
It streamlined income tax brackets, lowered the top rate to 36% and created the universally deductible Individual Retirement Account.
From The Wall Street Journal ● Aug. 13, 2026
I have about $150,000 in an Individual Retirement Account and about $2,000 in a money-market account.
From MarketWatch ● Nov. 14, 2025
The company on Tuesday is initiating signups for a retirement program, where customers can sock savings into an Individual Retirement Account, something better known as an IRA.
From Washington Times ● Dec. 6, 2022
In 1982, Congress created the Individual Retirement Account, or I.R.A., which allowed people to defer taxes on $2,000 a year if they put it aside for retirement.
From New York Times ● Apr. 2, 2022
Almost 17% of respondents said they had one, and 8% said they gave through a qualified charitable distribution from an Individual Retirement Account, the second most popular giving vehicle.
From Seattle Times ● Sep. 29, 2021
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
