retirement account

retirement account
a plan for setting aside money to be spent after retirement
Hypernyms: ↑plan, ↑program, ↑programme

Useful english dictionary. 2012.

Look at other dictionaries:

  • Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… …   Wikipedia

  • individual retirement account — in·di·vid·u·al re··tire·ment ac·count n often cap I&R&A: ira Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. individual retirement account …   Law dictionary

  • individual retirement account — 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… …   Useful english dictionary

  • individual retirement account — ( IRA) A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax deferred. Bloomberg Financial Dictionary * * * individual… …   Financial and business terms

  • Locked-In Retirement Account — A Locked In Retirement Account (LIRA), and the virtually identical Locked in Retirement Savings Plan (LRSP), are Canadian investment accounts designed specifically to hold locked in pension funds for former plan members, former spouses or common… …   Wikipedia

  • Locked-In Retirement Account - LIRA — A type of registered retirement savings alternative that locks in the pension funds in investments. While the funds are locked in, they are unavailable for cash out. Pension funds that are transferred to a LIRA are used to purchase a life annuity …   Investment dictionary

  • individual retirement account  — [n] IRA Keogh plan, retirement plan, Roth IRA, selffunded retirement plan, tax free savings account; concepts 335,340,446,710 …   New thesaurus

  • Simplified Employee Pension Individual Retirement Account — n. An individual retirement account in which an individual may contribute a set percentage of pre tax income. abbrv. SEP IRA The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • individual retirement account rollover — individual retirement account ( IRA) rollover A provision of the law governing IRA s that enables a retiree or anyone receiving a lump sum payment from a pension, profit sharing, or salary reduction plan to transfer the amount into an IRA.… …   Financial and business terms

  • individual retirement account — (I.R.A.) Individuals with earned income are permitted, under certain circumstances, to set aside a limited amount of such income per year for a retirement The amount so set aside can be deducted by the taxpayer and is subject to income tax only… …   Black's law dictionary