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individual retirement account

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, 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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You can also donate to an Individual Retirement Account (IRA), for the self employed this is called a SEP.
You need to designate beneficiaries with the financial institution you opened your Individual Retirement Account with.
Investors are seeking out more online investment providers for their individual retirement account rollovers thanks to a renewed interest in the parking place as an option.
 
 
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