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.
Open to retirees age 70½ or older, QCDs are a direct transfer from an individual retirement account to an eligible nonprofit organization. Kate Dore, Cfp®, Ea, CNBC, 12 Aug. 2025 The remainder is tucked away in individual retirement accounts, or IRAs. Alain Sherter, CBS News, 27 June 2025 Much like an individual retirement account, the Trump Accounts can grow over time, with a post-tax contribution limit of $5,000 a year, and are expected to be treated similarly to the rules for an IRA, and can eventually be tapped for distribution in adulthood. Sasha Rogelberg, Fortune, 31 July 2025 From a tax perspective, the accounts would function like an individual retirement account. Jessica Dickler, CNBC, 18 July 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 22 Aug. 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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