individual retirement account means: An employee may establish a retirement account. IRA contributions can be deducted from taxes according to some guidelines. The gains are also tax-deferred. (in Stock Market Dictionary)
What else does individual retirement account mean?
- The law governing IRAs contains a provision that allows anyone who receives a lump sum payment from a pension or profit-sharing plan, as well as retirees, to move the money into an IRA. (in Stock Market Dictionary)
- One of many government-sponsored accounts offering tax incentives for people who have saved money for retirement. (in Merlin Dictionary)