IRA accounts
Tax-advantaged nest eggs
IRA accounts are individual retirement accounts—tax-advantaged savings vehicles for retirement in the United States.
Traditional IRAs offer tax-deferred growth, with contributions often tax-deductible.
Roth IRAs use after-tax contributions but allow tax-free withdrawals in retirement.
She maxed out her IRA contributions this year.
The acronym IRA also refers to the Irish Republican Army, an unrelated meaning.
- retirementLeaving the workforce permanently
- savingsAccumulated money kept
- 401kEmployer-sponsored retirement savings
- RothIRA permitting tax-free withdrawals
- traditionalFollowing long-held customs
contributions · contribution limits · tax-deferred · rollover · withdrawal · early withdrawal penalty · pension · investments · compound · dividends · beneficiary · custodian · annual · limits · tax advantages · earnings · distributions · maturity
IRA accountschecking accounts
Accessible bank funds
savings accounts · money market accounts · liquid assets · cash · petty cash
IRA accountspension plans
Employer-sponsored retirement savings
Social Security · government pensions · 401(k) plans · annuities
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