individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
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After age 18, the accounts will generally be treated like a traditional individual retirement account, according to guidance issued in December by the Department of the Treasury and the Internal Revenue Service. Ella McCarthy, Arkansas Online, 8 June 2026 Families could also consider a 529 college savings plan, a custodial account for minors under the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act, also known as UGMA and UTMA, and, if a child earns income, a Roth individual retirement account. Jessica Dickler,greg Iacurci, CNBC, 5 June 2026 The accounts eventually become converted to conventional individual retirement accounts, or IRAs, and distributions will be taxed as ordinary income, though family contributions will be returned tax-free. Business Columnist, Los Angeles Times, 12 May 2026 This return to record highs means 401(k)s, individual retirement accounts and stock portfolios that track benchmark US stock indexes recovered after an uneasy few weeks. John Towfighi, CNN Money, 1 May 2026 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 17 Jun. 2026.

Legal Definition

individual retirement account

noun
individual re·​tire·​ment account
often capitalized I&R&A
: ira
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