INDIVIDUAL RETIREMENT ACCOUNT

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does individual retirement account mean? 

• INDIVIDUAL RETIREMENT ACCOUNT (noun)
  The noun INDIVIDUAL RETIREMENT ACCOUNT has 1 sense:

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

  Familiarity information: INDIVIDUAL RETIREMENT ACCOUNT used as a noun is very rare.

 Dictionary entry details 

• INDIVIDUAL RETIREMENT ACCOUNT (noun)

Sense 1

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

Classified under:

Nouns denoting cognitive processes and contents

Synonyms:

individual retirement account; IRA

Hypernyms ("individual retirement account" is a kind of...):

pension account; pension plan; retirement account; retirement plan; retirement program; retirement savings account; retirement savings plan (a plan for setting aside money to be spent after retirement)