noun
a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
• Syn: ↑IRA
• Hypernyms:
↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement savings account, ↑retirement account, ↑retirement program
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noun : a savings account in which a person may deposit up to a stipulated amount each year with the deposits deductible from taxable income and both deposits and interest taxable after the person's retirement
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a savings plan that offers tax advantages to an individual depositor to set aside money for retirement. Abbr.: IRA Cf. Keogh plan.
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noun, pl ⋯ -counts [count]
:
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Individual Retirement Account [Individual Retirement Account] ;
Useful english dictionary. 2012.