Ira
/ˈɪrə/
Definitions
- (n.) An individual retirement account in the United States allowing tax-advantaged savings for retirement.
She contributed the maximum amount to her IRA this year.
Forms
- ira
- iras
Related terms
See also
Commentary
Commonly used acronym in tax and retirement planning contexts, awareness of contribution limits and withdrawal rules is essential.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.