plural IRAs
: a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made
Irish Republican Army
Examples of IRA in a Sentence
Abbreviation
a representative of the IRA
Recent Examples on the Web
Malana Vantyler, USA Today, 20 May 2025
For high-income earners, the backdoor Roth IRA strategy offers an alternative, enabling contributions through a Traditional IRA followed by a Roth conversion.
—Matthew F. Erskine, Forbes.com, 19 May 2025
Heat’s Larsson has big offseason plans ASK IRA: Will Andrew Wiggins merely prove to be a Heat rental?
—Steve Svekis, Sun Sentinel, 18 May 2025
As Republicans look to broker a sweeping budget deal, top GOP leadership in the House of Representatives unveiled a series of cuts this week to the provisions of the Inflation Reduction Act (IRA) aimed at tackling climate change.
—Justin Worland, Time, 16 May 2025
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Noun
Use the Mega Backdoor Roth to Boost Tax-Free Savings
If your 401(k) plan allows after-tax contributions and in-plan Roth conversions or rollovers to a Roth IRA, consider using the Mega Backdoor Roth strategy.
—Malana Vantyler, USA Today, 20 May 2025
For high-income earners, the backdoor Roth IRA strategy offers an alternative, enabling contributions through a Traditional IRA followed by a Roth conversion.
—Matthew F. Erskine, Forbes.com, 19 May 2025
Heat’s Larsson has big offseason plans ASK IRA: Will Andrew Wiggins merely prove to be a Heat rental?
—Steve Svekis, Sun Sentinel, 18 May 2025
As Republicans look to broker a sweeping budget deal, top GOP leadership in the House of Representatives unveiled a series of cuts this week to the provisions of the Inflation Reduction Act (IRA) aimed at tackling climate change.
—Justin Worland, Time, 16 May 2025
See All Example Sentences for IRA
Cite this Entry
“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 22 May. 2025.
Copy CitationLegal Definition
IRA
noun
: an account in which a person may deposit up to a stipulated amount each year and that is not taxable until retirement or early withdrawal
Note: Deposits to an IRA may not be completely or partially deductible from adjusted gross income if one's income exceeds a set level.
Etymology
Noun
individual retirement account
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