individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web Equally innovative are its accessible individual retirement accounts (IRAs): With a 3% IRA match on retirement contributions with Robinhood Gold, now might be a good time to consider building your retirement nest egg. Stephanie Tsai, The Hollywood Reporter, 3 May 2024 Up to $35,000 in total over a lifetime can be rolled over to a Roth individual retirement account for the beneficiary. Susan Tompor, Detroit Free Press, 19 Mar. 2024 Others are free to open individual retirement accounts, which offer similar perks. Daniel De Visé, USA TODAY, 25 Feb. 2024 Workers were also given no-cost COBRA insurance and were allowed to withdraw up to $20,000 from their individual retirement accounts. Gene Maddaus, Variety, 31 Jan. 2024 Birch Gold Group has been around for over two decades, giving them a wealth of knowledge in the individual retirement account (IRA) market. Laxmi Corp, The Salt Lake Tribune, 11 Aug. 2023 Contributing to a traditional individual retirement account and health savings account are also good ways to maximize your tax savings, according to U.S. News. Evan Moore, Charlotte Observer, 8 Feb. 2024 All the winners offer individual and joint taxable accounts and individual retirement accounts; some offer additional account types. Bernice Napach, wsj.com, 12 Jan. 2024 Roth IRAs are simpler than the original flavor of individual retirement accounts, known as traditional IRAs, because they are funded with post-tax dollars. Tanza Loudenback, wsj.com, 4 Jan. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'individual retirement account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1974, in the meaning defined above

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

Dictionary Entries Near individual retirement account

Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 21 May. 2024.

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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