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individual retirement account
(redirected from Investment Retirement Accounts)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
individual retirement account (IRA),
n a savings certificate exempt from income tax until the time of withdrawal. There are limits to the amount that can be saved annually under this plan, and there are conditions of withdrawal for maximal interest and tax advantage.


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However, cost and subsequent coverage may be an obstacle in the transition toward private investment retirement accounts.
The bill also would permit elderly people whose income exceeds $100,000 a year to convert their regular Investment Retirement Accounts to ``Roth IRAs.
 
 
 
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