Definition of "IRA"
  1. Individual retirement account: a type of savings account where a person can deposit up to a set limit annually, and any gains on this amount are not subject to tax until funds are withdrawn after retirement or in certain other circumstances
How to use "IRA" in a sentence
  1. She contributed the maximum amount to her IRA every year to secure her financial future.
  2. After turning 65, he decided to access the funds in his IRA and use them for his post-retirement lifestyle.
  3. The investment advisor suggested opening an IRA to take advantage of the tax benefits.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z