Learn the meaning of the boy's name Ira on Baby Name Wizard, your trusted source for baby name origins, popularity and more! read more
Individual Retirement Account. A tax-deferred retirement account for an individual that permits individuals to set aside money each year, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty). The exact amount depends on the year and your age. read more
DEFINITION of 'Individual Retirement Account - IRA' An individual retirement account is an investing tool individuals use to earn and earmark funds for retirement savings. There are several types of IRAs as of 2018: traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. read more
DEFINITION of 'Traditional IRA' A traditional individual retirement account (IRA) allows individuals to direct pretax income towards investments that can grow tax-deferred; no capital gains or dividend income is taxed until it is withdrawn. read more