individual retirement account

Noun

Meaning

a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred

Source: WordNet

Synonyms

ira mutual fund pension plan open-end fund Keogh plan

Hypernyms

pension plan retirement savings account retirement plan pension account retirement account retirement program

Examples

An individual retirement arrangement, or IRA, (more commonly referred to as an individual retirement account) is a type of investment or savings account that comes with tax benefits to help you save for retirement. Source: Internet

Opening an individual retirement account (IRA) can put you on the fast-track to a fully-funded, stress-free retirement, but an IRA is only as good as the place you keep it. Source: Internet

An individual retirement account is one of the most popular ways to save for retirement given its large tax advantages. Source: Internet

The Individual Retirement Account (IRA) deduction was severely restricted. Source: Internet

Close letter words and terms

individual reality individual records individual response individual road individual room individual rooms