individual retirement account

1. 1.

   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

   SynonymsIRA

   Broaderpension plan

Questions about individual retirement account

What does individual retirement account mean?

individual retirement account means "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".

What is another word for individual retirement account?

Close synonyms include IRA. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is individual retirement account a common word?

individual retirement account is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.