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
A theory or system of social reform which contemplates a complete reconstruction of society with a more just and equitable distribution of property and labor In popular usage the term is often employed to indicate any lawless revolutionary social scheme See Communism Fourierism Saint Simonianism forms of socialism...
How would you define individual retirement account?