individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
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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 People age 50 and older can contribute an additional $8,000 to their 401(k) and an extra $1,100 to their individual retirement account in 2026. Greg Iacurci, CNBC, 28 Apr. 2026 The doubts being voiced by these major investors has turbocharged the push by the private equity sector to reach into individual retirement accounts. Business Columnist, Los Angeles Times, 10 Apr. 2026 Max out retirement funds Taxpayers can contribute to traditional retirement funds such as their 401(k) or individual retirement account (IRA) up until April 15 and take the tax deduction for 2025 to lower taxable income. Medora Lee, USA Today, 6 Apr. 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 5 May. 2026.

Legal Definition

individual retirement account

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