individual retirement account

individual retirement account
(IRA)
 Tax-deferred retirement savings program created in the 1980s to try to get Americans to save. With restrictions, workers can put up to $2,000 per year in an IRA account and not pay income taxes on the money or interest until they withdraw the funds.

American business jargon. 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • individual retirement account — in·di·vid·u·al re··tire·ment ac·count n often cap I&R&A: ira Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. individual retirement account …   Law dictionary

  • individual retirement account  — [n] IRA Keogh plan, retirement plan, Roth IRA, selffunded retirement plan, tax free savings account; concepts 335,340,446,710 …   New thesaurus

  • Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… …   Wikipedia

  • individual retirement account — ( IRA) A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax deferred. Bloomberg Financial Dictionary * * * individual… …   Financial and business terms

  • individual retirement account — noun a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred • Syn: ↑IRA • Hypernyms: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement… …   Useful english dictionary

  • individual retirement account rollover — individual retirement account ( IRA) rollover A provision of the law governing IRA s that enables a retiree or anyone receiving a lump sum payment from a pension, profit sharing, or salary reduction plan to transfer the amount into an IRA.… …   Financial and business terms

  • Individual Retirement Account - IRA — An investing tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Traditional and Roth IRAs are established by individual taxpayers, who …   Investment dictionary

  • individual retirement account — individ′ual retire′ment account n. bus gov a savings plan that offers tax advantages to an individual depositor to set aside money for retirement Abbr.: IRA Compare Keogh plan • Etymology: 1970–75 …   From formal English to slang

  • individual retirement account — (I.R.A.) Individuals with earned income are permitted, under certain circumstances, to set aside a limited amount of such income per year for a retirement The amount so set aside can be deducted by the taxpayer and is subject to income tax only… …   Black's law dictionary

  • individual retirement account — (I.R.A.) Individuals with earned income are permitted, under certain circumstances, to set aside a limited amount of such income per year for a retirement The amount so set aside can be deducted by the taxpayer and is subject to income tax only… …   Black's law dictionary

  • individual retirement account — a savings plan that offers tax advantages to an individual depositor to set aside money for retirement. Abbr.: IRA Cf. Keogh plan. * * * …   Universalium

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