individual retirement account
- individual retirement account
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in·di·vid·u·al re··tire·ment ac·count n often cap I&R&A:
ira
Merriam-Webster’s Dictionary of Law.
Merriam-Webster.
1996.
- individual retirement account
-
n.
A tax-advantaged personal retirement account that an individual acquires and funds himself or herself, not through an employer.
abbrv.
IRA
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc.
Amy Hackney Blackwell.
2008.
- individual retirement account
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A retirement plan established by an individual that allows annual contributions of income and provides some tax advantages.
Category: Personal Finance & Retirement → Retirement Planning
Category: Personal Finance & Retirement → Taxes
Nolo’s Plain-English Law Dictionary.
Gerald N. Hill, Kathleen Thompson Hill.
2009.
- individual retirement account
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Webster's New World Law Dictionary.
Susan Ellis Wild.
2000.
- individual retirement account
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Dictionary from West's Encyclopedia of American Law.
2005.
- individual retirement account
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A means by which an individual can receive certain federal tax advantages while investing for retirement.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
Look at other dictionaries:
individual retirement account — [n] IRA Keogh plan, retirement plan, Roth IRA, selffunded retirement plan, tax free savings account; concepts 335,340,446,710 … New thesaurus
Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… … Wikipedia
individual retirement account — ( IRA) A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax deferred. Bloomberg Financial Dictionary * * * individual… … Financial and business terms
individual retirement account — noun 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 • Syn: ↑IRA • Hypernyms: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement… … Useful english dictionary
individual retirement account rollover — individual retirement account ( IRA) rollover A provision of the law governing IRA s that enables a retiree or anyone receiving a lump sum payment from a pension, profit sharing, or salary reduction plan to transfer the amount into an IRA.… … Financial and business terms
Individual Retirement Account - IRA — An investing tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Traditional and Roth IRAs are established by individual taxpayers, who … Investment dictionary
individual retirement account — individ′ual retire′ment account n. bus gov a savings plan that offers tax advantages to an individual depositor to set aside money for retirement Abbr.: IRA Compare Keogh plan • Etymology: 1970–75 … From formal English to slang
individual retirement account — (I.R.A.) Individuals with earned income are permitted, under certain circumstances, to set aside a limited amount of such income per year for a retirement The amount so set aside can be deducted by the taxpayer and is subject to income tax only… … Black's law dictionary
individual retirement account — (I.R.A.) Individuals with earned income are permitted, under certain circumstances, to set aside a limited amount of such income per year for a retirement The amount so set aside can be deducted by the taxpayer and is subject to income tax only… … Black's law dictionary
individual retirement account — a savings plan that offers tax advantages to an individual depositor to set aside money for retirement. Abbr.: IRA Cf. Keogh plan. * * * … Universalium
