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IRA

IRA

56 4.7
An account people use to save money for retirement with tax benefits
  • noun
  • /ˌaɪˈɑːrˈeɪ/
  • Specialized
translation icon : IRA
  • I decided to transfer my savings into a traditional IRA to take advantage of tax benefits.
  • IRA contributions
  • an IRA account
  • deductible IRA

I know guys whose Iras make a living lending.

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Examples

  • Individual retirement accounts (IRAs) have proven to be a very popular investment option.

    Blog text (2)
  • I'm thinking of opening an IRA.

  • You can actually make a gift out of your IRA to a charity.

  • So this can be done in an IRA, right?

  • So we started just a normal IRA through Edward Jones.

  • If you do your own taxes, you should already know: do you have an IRA or similar retirement account?

    Blog text (12)
  • I'd like to talk to somebody about opening an IRA.

  • The act also increases the maximum contribution to an education IRA from $500 to $2,000.

    Academic text (2001)
  • Yet, we were told when we opened our IRAs that the most we could deposit per year was $2,000.

    Blog text (1)
  • There are two types of IRAs: a traditional IRA or a Roth IRA.

    Blog text (1)

Synonyms

27 3.0

A set of savings and investments that gives you money after you stop working

is a specific tax advantaged account type with formal yearly contribution limits
21 3.0

A plan where you save money to use after you stop working

is more specific about tax benefits and contribution limits than this general form
individual retirement account
vsIRA
  • Specialized
4 5.0

A US savings account for money used after you stop working that grows without tax until you take it out

is the general account type emphasising tax advantages and yearly contribution limits

An account that holds money to use after you stop working

focuses on tax advantages and yearly contribution limits rather than general saving

Money you regularly save to use after you stop working

refers to an account with tax perks and set yearly contribution rules

Compounds

Roth IRA
  • Specialized
5 5.1

A US retirement account you pay tax on now and can take out money later without paying tax

8.8

An armed Irish group that used violence to fight British troops in Northern Ireland and unite Ireland

Real IRA
  • Offensive
9.9

A violent Irish group that formed in 1997 and used bombs and attacks

Surface Forms

IRA singular
IRAs plural

Etymology

IRA stands for Individual Retirement Account, where individual means 'for one person', retirement means 'when you stop work', and account means 'a place to keep money', so an IRA is a special savings account for use in retirement.