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.
Parents may then claim the account and manage how that money, plus contributions from family and employers, is then invested until the child turns 18, at which point the accounts will transition into individual retirement account-like plans. Christian Datoc, The Washington Examiner, 4 Jan. 2026 For example, whoever is listed as a beneficiary on each of your tax-advantaged retirement accounts — individual retirement accounts, 401(k) plans and the like — will generally get the money, regardless of what your will says. Sarah O'Brien, CNBC, 26 Dec. 2025 At that point, Trump accounts essentially become individual retirement accounts, which can be used penalty-free for certain expenses such as higher education or first-time home purchases. Ben Steverman, Fortune, 17 Dec. 2025 They will be treated much like individual retirement accounts, or IRAs, and there are few limits on the contributions that can be made to the accounts. Addy Bink, The Hill, 11 Dec. 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 10 Jan. 2026.

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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