IRA

/aɪ ɑɹ eɪ/

IRA

English Noun Top 7,926
American (Lessac) (medium)
Female 0.7s
American (Amy) (medium)
Female 0.7s
American (Ryan) (medium)
Male 0.2s
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Definition

Initialism of individual retirement account.

Example Sentences

  • "Since you fund a nondeductible IRA with already-taxed dollars, you might figure you wouldn't pay any income taxes on the conversion. But you wouldn't just owe tax on the funds you're converting; you'd also have to take the pretax contributions and gains in all your non-Roth IRAs into account."
  • "These were the liquefiable assets at hand: a drawerful of family jewelry, a 401(k), an IRA, and a one-bedroom condo purchased with inheritance money after her parents' passing."
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