individual retirement account definition

  • noun:
    • An investment account in which a person can reserve income to a specified quantity each year and usually subtract the contributions from taxable earnings, aided by the efforts and interest being tax-deferred until your retirement.
    • a retirement program enabling you to definitely contribute a small annual amount toward your your retirement; fees on interest obtained within the account are deferred

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  • Definition for "individual retirement account"
    • An investment account in which a person can…
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  • Hypernym for "individual retirement account"
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