IRA

noun
\ ˌī-(ˌ)är-ˈā How to pronounce IRA (audio) ; ˈī-rə How to pronounce IRA (audio) \
plural IRAs

Definition of IRA

 (Entry 1 of 2)

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

Definition of IRA (Entry 2 of 2)

Irish Republican Army

Examples of IRA in a Sentence

Abbreviation a representative of the IRA

First Known Use of IRA

Noun

1974, in the meaning defined above

History and Etymology for IRA

Noun

individual retirement account

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Statistics for IRA

Cite this Entry

“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 13 May. 2021.

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More Definitions for IRA

IRA

noun

English Language Learners Definition of IRA

US : a special account in which you can save and invest money for your retirement without having to pay taxes on the money until a later time

IRA

noun
\ ˌī-ˌär-ˈā, ˈī-rə How to pronounce IRA (audio) \

Legal Definition of IRA

: 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.

History and Etymology for IRA

individual retirement account

More from Merriam-Webster on IRA

Britannica English: Translation of IRA for Arabic Speakers

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