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
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individual retirement account; a savings account which a self-employed person or someone working for a company can open if their employer does not offer a pension plan:
• A 35-year-old with $15,000 in IRA accounts would be eligible to withdraw about $453 a year.
• IRA investors
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IRA UK US noun [C] FINANCE
► INDIVIDUAL RETIREMENT ACCOUNT(Cf. ↑individual retirement account): »
You may establish an IRA even if you already have an employer-sponsored retirement plan.
»a potential IRA investor
Financial and business terms. 2012.