What is the meaning of IRA (Individual Retirement Account)?

IRA (Individual Retirement Account) is a retirement account that allows individuals to make tax-deferred contributions to a personal retirement fund. Individuals can place IRA funds in bank accounts or in other forms of investment such as stocks, bonds, or mutual funds.

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APABarry Goldsmith. (2010). IRA (Individual Retirement Account). Retrieved September 20, 2026, from http://smartdefine.org/ira_(individual_retirement_account)/definitions/1156588
ChicagoBarry Goldsmith. 2010. "IRA (Individual Retirement Account)" http://smartdefine.org/ira_(individual_retirement_account)/definitions/1156588 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, IRA (Individual Retirement Account), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/ira_(individual_retirement_account)/definitions/1156588>.
MLABarry Goldsmith. "IRA (Individual Retirement Account)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/ira_(individual_retirement_account)/definitions/1156588>