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
Capping what is paid or reimbursed to healthcare providers based on an international price referencing system would probably result in lower net prices than have thus far been achieved in IRA price negotiations. Joshua P. Cohen, Forbes.com, 3 May 2025 My total debt is over $100,000 and my only assets are a car worth $35,000 and the fast-dwindling IRA with just $25,000. Liz Weston, Los Angeles Times, 3 May 2025 For retirement, Myers has a pension plan through her job, as well as an individual retirement account and a Roth IRA. Gili Malinsky, CNBC, 30 Apr. 2025 But renewable energy and the manufacturing activity related to the IRA have attracted more bipartisan support as big-money investments for clean tech facilities triggered by the law landed in Republican Districts and red states. Tom Rogers, MSNBC Newsweek, 29 Apr. 2025 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 17 May. 2025.

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

More from Merriam-Webster on IRA

Last Updated: - Updated example sentences
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