individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

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.
The Universal Savings Account (USA) Act, introduced this month in both chambers of Congress, aims to create a new class of savings account that combines the tax advantages of a Roth individual retirement account (IRA) with the unrestricted access of a traditional savings account. Aliss Higham, MSNBC Newsweek, 12 May 2025 Without access to a 401(k) account, one of the best tools available to you is an individual retirement account. Rachel Barber, USA Today, 3 May 2025 Common vehicles for tax deferral include retirement accounts such as 401(k)s, traditional individual retirement accounts (IRAs) and annuities. Bob Chitrathorn, Forbes.com, 30 Apr. 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 See All Example Sentences for individual retirement account

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of individual retirement account was in 1974

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Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 28 May. 2025.

Legal Definition

individual retirement account

noun
individual re·​tire·​ment account
often capitalized I&R&A
: ira
Last Updated: - Updated example sentences
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