individual retirement account

noun

Definition of individual retirement account

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web Bitcoin IRAs are basically just an individual retirement account that allow for direct access to Bitcoin or other digital currencies within the retirement account. David Kudla, Forbes, 27 Sep. 2021 That might include setting up a college fund for your kids or contributing to your 401(k) plan or Roth individual retirement account (Roth IRA). Bill Keen, Forbes, 4 Oct. 2021 New York will require employers with five or more employees that don’t offer a retirement savings plan to automatically enroll employees in an individual retirement account at 5% of pay. Anne Tergesen, WSJ, 7 May 2021 Not that everybody with a 401(k) or individual retirement account is well set up for retirement. Star Tribune, 24 Feb. 2021 This likely means having a combination of taxable investment accounts (still can be managed tax-efficiently), a traditional (pre-tax) 401(k) or individual retirement account (IRA), and a Roth 401(k) or Roth IRA. David Rae, Forbes, 9 Apr. 2021 The money collected from Social Security taxes is placed in a general trust fund, not an individual retirement account, and the trust fund is what is used to pay benefits to people who qualify for benefits. Laurence Kotlikoff, Forbes, 6 Apr. 2021 One way to simultaneously save for retirement and emergencies is to contribute to a Roth individual retirement account. Anne Tergesen, WSJ, 18 Mar. 2021 The issue is that liability risks involved for an individual retirement account (IRA) holder and a 401(k) plan trustee investing in Bitcoin are quite different. Adam Bergman, Forbes, 17 Mar. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'individual retirement account.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of individual retirement account

1974, in the meaning defined above

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Time Traveler for individual retirement account

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The first known use of individual retirement account was in 1974

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Dictionary Entries Near individual retirement account

individual medley

individual retirement account

individual variable

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Statistics for individual retirement account

Last Updated

31 Oct 2021

Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 26 Nov. 2021.

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More Definitions for individual retirement account

individual retirement account

noun

English Language Learners Definition of individual retirement account

: ira

individual retirement account

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

Legal Definition of individual retirement account

: ira

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