individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
There's a 1099-INT for interest; 1099-DIV for dividends; 1099-G for state and local tax refunds and unemployment benefits; 1099-R for pensions and payouts from your individual retirement accounts; 1099-B for broker transactions and barter exchanges; 1099-S for real estate transactions, etc. Robert W. Wood, Forbes, 21 Jan. 2025 For 2025, Direct File will add support for interest income above $1,500, pension and annuity income — excluding individual retirement accounts — and Alaska Permanent Fund Dividends, the agency announced in October. Kate Dore, Cfp®, CNBC, 13 Jan. 2025 The couple automate monthly contributions to military retirement accounts, Roth individual retirement accounts, a taxable brokerage account and a 529 college savings plan for their 1-year-old son, Theo. Mike Winters, CNBC, 8 Jan. 2025 Roughly half of that goes to the funding of players’ individual retirement accounts. Ken Rosenthal, The Athletic, 5 Jan. 2025 See all Example Sentences for individual retirement account 

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of individual retirement account was in 1974

Dictionary Entries Near individual retirement account

Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 29 Jan. 2025.

Legal Definition

individual retirement account

noun
individual re·​tire·​ment account
often capitalized I&R&A
: ira
Last Updated: - Updated example sentences
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