individual retirement account Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “individual retirement account” in the English Dictionary

"individual retirement account" in Business English

See all translations

individual retirement accountnoun [C]

uk   us   ( abbreviation IRA)
FINANCE in the US, a ​savingsaccount in which ​people can put ​money for their ​pension in a way that ​saves them ​tax. Some ​types of ​individualretirementaccounts are ​started by ​people on their own and some by ​employers for their ​employees: set up/contribute to an individual retirement account You can set up an ​individualretirementaccount at almost any ​bank, ​insurancecompany, or ​mutualfund. Contributions to ​individualretirementaccounts are ​tax-deductible according to ​certain guidelines.
(Definition of individual retirement account from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of individual retirement account?
Add Cambridge dictionaries to your browser to your website
Word of the Day


to pick and collect crops, or to collect plants, animals, or fish to eat

Word of the Day

In London but at the station: prepositions for talking about travel
In London but at the station: prepositions for talking about travel
by Liz Walter,
September 02, 2015
Several readers have asked for information on prepositions, so I will start with a blog post that looks at an area where they are really important: travel. The first thing to remember is that we use to (and not ‘in’) after the verb go: We are going to London. I went to

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More