plural IRAs
: a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made

IRA

2 of 2

abbreviation

Irish Republican Army

Examples of IRA in a Sentence

Abbreviation a representative of the IRA
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Noun
In addition to selling precious metal products, the brand also buys gold from consumers and offers a gold IRA. Liz Knueven, CNBC, 23 June 2026 Someone who rolled a 401(k) into an IRA after leaving an employer may have stronger protections on those rollover funds than on money contributed directly to the IRA over time. Angelica Leicht, CBS News, 18 June 2026 Future tax considerations – Once the account transitions into a traditional IRA-like structure, most withdrawals will follow standard tax rules, and penalties may apply if funds are withdrawn early or used outside of qualifying circumstances. Rick Unser, Forbes.com, 18 June 2026 In the film, Cox starred alongside Daniel Day-Lewis and Emily Watson, playing Joe Hamill, a high-ranking figure in the IRA. Rafa Sales Ross, Variety, 16 June 2026 See All Example Sentences for IRA

Word History

Etymology

Noun

initialism from individual retirement account or individual retirement arrangement

First Known Use

Noun

1974, in the meaning defined above

Time Traveler
The first known use of IRA was in 1974

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Cite this Entry

“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 27 Jun. 2026.

Legal Definition

: an account in which a person may deposit up to a stipulated amount each year and that is not taxable until retirement or early withdrawal

Note: Deposits to an IRA may not be completely or partially deductible from adjusted gross income if one's income exceeds a set level.

Etymology

Noun

individual retirement account

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