Meaning of individual retirement account

individ'ual retire'ment account"

Pronunciation: [key]
  1. a plan that permits individuals to set aside savings that are tax free until retirement. Abbr.: IRA&hasp;&hasp; Cf. Keogh plan.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also: