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individuals to contribute pretax earnings up to a maximum yearly allowance and to defer income taxes until the money is withdrawn after retirement.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
A market dip is prime time for converting some assets in your regular individual retirement account to a Roth IRA.
From Barron's ● Mar. 21, 2026
I used Microsoft Copilot to create a spreadsheet to estimate the tax cost of making transfers out of my individual retirement account to my Roth IRA.
From The Wall Street Journal ● Mar. 8, 2026
You can put more money than ever into your individual retirement account in 2026 — if you can afford to.
From MarketWatch ● Dec. 29, 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 Phipps, 72, said that her annual income consisted of money withdrawn from an individual retirement account, about $50,000 from Social Security and $20,000 from a pension.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
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
The average Individual Retirement Account balance in the third quarter of 2020 for people over 60 was slightly more than $200,000, according to Fidelity Investments.
From Seattle Times ● Feb. 3, 2021
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