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individual retirement accounts

Definition/Scope: 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.



Acronym:

IRA

Broader Terms:

accounts
retirement income

Narrower Terms:

Keogh plans
Roth IRAs

Related Terms:

401(K) plans
minimum required distributions


CALL Homepage >> Thesaurus Last Updated: Sept 17, 2008